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STEPHEN MANNING
Raytheon 2Q sales up but net down after 2007 gain
- Raytheon Co.'s second-quarter net income fell because of a big one-time gain it recorded last year, but the defense contractor's income from continuing operations grew 20 percent on missiles sales, border security work and lower pension expenses.
Armored vehicles lift General Dynamics 2Q profit
- Feeding the Pentagon's demand for armored vehicles helped drive up General Dynamics Corp.'s second quarter profit by 25 percent, lifting shares of the defense contractor, which also raised its outlook for the year on Wednesday.
Lockheed 2Q profit up 13 percent
- Lockheed Martin Corp. posted a 13 percent increase in second-quarter earnings Tuesday, beating Wall Street expectations and prompting the company to raise its yearly outlook as it made up a drop in fighter jet sales with strength in its other business units.
Air Force nominee: Changes needed in contracting
- The nominee to lead the Air Force said Tuesday a recent report detailing numerous problems with a $35 billion tanker contract was "troubling," and he is planning reviews of the service's process of awarding contracts.
Honeywell 2Q profit rises 18 pct, boosts view
- Second quarter earnings rose 18 percent at Honeywell International Inc. and the diversified manufacturer raised its 2008 forecast Friday as its global reach helped buffer the company from the deep woes faced by the U.S. economy.