Business/Financial
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Business/FinancialL-3’s Net Income Declines But Stock Repurchases Boost Per Share Earnings
L-3 Communications [LLL] yesterday reported a drop in second quarter net income but its per share earnings rose as stock repurchases lowered the overall share count, which led to better […]
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Business/FinancialOshkosh Defense To Compete For Canadian Medium Support Vehicle System SMP
Oshkosh Corp.’s [OSK] Defense division yesterday said it plans to respond to Canada’s Medium Support Vehicle System (MSVS) Standard Military Pattern (SMP) request for proposals, part of the tactical vehicle […]
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Business/FinancialGD Reports Slim Income Gain Amid Flat Sales; Raises Earnings Outlook
Similar to its first quarter, General Dynamics [GD] yesterday posted a slender increase in its second quarter earnings, driven by lower interest expenses and a lower share count as its […]
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Business/FinancialBoeing Delivers Strong Earnings On Commercial, Defense Work
Bolstered by strong demand for its commercial aircraft and solid operating performance in its commercial and defense businesses, Boeing [BA] yesterday reported handsome gains in its top and bottom lines […]
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Business/FinancialDespite Flat Sales, Northrop Grumman Boasts Solid Earnings Results
Aided by strong program performance, stock buybacks and the ability to keep revenues level amid constrained federal spending, Northrop Grumman [NOC] yesterday posted solid second quarter earnings and the company […]
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Business/FinancialCisco To Acquire Sourcefire In $2.7 Billion Deal To Offer Comprehensive Cyber Solutions
Seeking to build out its security solutions platform, information technology network supplier Cisco [CSCO] yesterday said it has agreed to acquire cyber security solutions provider Sourcefire, Inc. [FIRE] in a […]
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Business/FinancialUTC Posts Solid Second Quarter Results
United Technologies Corp. [UTX] yesterday reported a solid increase in its second quarter earnings while posting a double-digit gain in sales due to acquisitions. Net income rose 6 percent to […]
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Business/FinancialAustralia Contracts Rheinmetall MAN For Nearly $2 Billion In Logistics Vehicles
Germany’s Rheinmetall MAN Military Vehicles GmbH (RMMV), a joint venture of Rheinmetall AG and MAN Truck & Bus AG, yesterday said it recently signed a close to $2 billion contract […]
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Business/FinancialLockheed Martin Posts Strong Earnings Despite Drop In Sales
Lockheed Martin [LMT] yesterday reported strong second quarter earnings that handily whooped consensus estimates and the company raised its 2013 projections for earnings and cash. Net income increased 10 percent […]
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Business/FinancialCSIS, McAfee Study Tackles Problem Of Estimating Costs Of Cyber Theft
Estimates of annual losses related to cyber crime and espionage vary widely due to a number of reasons, according to in interim report by a Washington, D.C.-based think tank and […]