NewsMine — cabal-elite — corporate — defense — Viewing Item

Lockheed martin profits up by war { April 23 2003 } Original Source Link: (May no longer be active)    http://www.guardian.co.uk/Iraq/Story/0,2763,941580,00.html http://www.guardian.co.uk/Iraq/Story/0,2763,941580,00.html Lockheed profit boosted by war Richard Wray Wednesday April 23, 2003 The Guardian The war dividend paid out yesterday for US defence group Lockheed Martin as it announced a jump in first quarter profits and raised its forecast for the coming year. The company, whose F-16 and F-22 fighter jets were used extensively by the US during the war in Iraq, saw profits rise to $250m (£160m) in the first three months of the year from $224m a year earlier. Wall Street analysts had been expecting the company to record a drop in earnings and its shares raced ahead as a result of the forecast-busting figures. Sales at the company's aeronautics division more than doubled, helping group turnover increase in the first quarter by 18% to $7.1bn. The company said it expected profits for 2003 as a whole to be about 5% higher than analysts had been forecasting while group sales would be 8-12% up on 2002. Smaller rival Raytheon, which has been dogged by problems in its aircraft business, revealed a jump in sales at the unit which manufactures the Tomahawk cruise missile, also used in Iraq. Raytheon said yesterday that sales at its missile systems division increased by 18% in the first three months of the year to $860m. Group sales increased to $4.2bn from $3.9bn. The company's overall results were hit by an increase in pension contributions, leaving operating profits of $111m, down from $149m last year. Its shares rose as investors welcomed the gains. Defence electronics group L-3 saw its shares rise as the company reported a dramatic rise in profits to just under $50m for the first quarter, against $5m the previous year. The manufacturer of bomb detection equipment for airports and other security-conscious areas reported a rise in sales to $1.1bn from $700m. · Online auctioneer eBay last night reported a 94% rise in first quarter profits on a year earlier and raised its profit and revenue targets for 2003.

baker-carlyle Army cancels comanche helicopter { February 24 2004 } Boeing dismisses 2 in ethical misconduct { November 25 2003 } Boeing disputes lockheed lawsuit { July 31 2003 } Boeing gets waiver from airforce { August 30 2003 } Boeing investigated process behind 1998 af contract { September 13 2003 } Boeing may be hit by 700m in charges { March 5 2004 } Boeing receives 1b tax refund Boeing tactics remain under scrutiny after condit resignation Boeing tankers deal put on hold Boeing third official charged with lockheed data theft { May 12 2004 } Boeing ties with civilian group defence policy board { December 7 2003 } Boeing wins contract army modernization { May 16 2003 } Boeing wins tax refund of 1b settlement { November 26 2003 } British aerospace boeing manufacturing deal Carlyle cia { April 15 2003 } Carlyle crusader { May 14 2002 } Carlyle invests in ezpass company { July 15 2003 } Carlyle revolving door defense business { August 5 2003 } Defense contractor admitted briding congressman Defense contractors bribe saudi 2 billion { June 10 2008 } Defense stocks surge after bush win Dyncorp police iraq police bosnia sex scandal Dyncorp sex slave scandal Dyncorp trafficking sex Ex presidents club { October 31 2001 } Ex seal tests new weapon on iraqi { November 24 2003 } Ge beats french bid for sophia Ge military arms Ge nbc vivendi universal merger { October 8 2003 } Ge stalking amersham Ge to buy british medical firm General dynamics to buy uk defence rival { March 11 2004 } General electric record earnings { March 2006 } Half pentagon budget goes to private contractors { September 30 2004 } Iraq contract corruption probe { July 7 2004 } Lockheed acquired titan { September 16 2003 } Lockheed anim [gif] Lockheed halliburton beoing profit from mars { January 16 2004 } Lockheed martin chief pentagon { June 27 2003 } Lockheed martin profits up by war { April 23 2003 } Lockheed to provide new york subway security { August 23 2005 } Military expo [jpg] Military expo { September 18 2002 } No bid defense contracts found common { September 30 2004 } Northrop gets 48m deal train iraq army { June 30 2004 } Pentagon auditors altered files { January 10 2004 } Pentagon overpays 20m to fraud supplier Protests at lockheed martin { April 23 2003 } Turbulence at boeing timeline { December 1 2003 } UK overtakes US as biggest weapons exporter { June 17 2008 } Us private army grows { September 3 2003 } Vast military arms buildup making industry rich { October 1 2004 } Vinnell train pull triggers { March 20 2003 } War profiteering Files Listed: 54

Correction/submissions

CIA FOIA Archive

National Security Archives

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information, go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purpose of your own that go beyond 'fair use', you must obtain permission from the copyright owner.