US government computer contracts, NASA, boost Lockheed earnings
|
| Posted
:
Tue, 22 Apr 2008 20:21:00 GMT |
| By
:
DPA |
| Category
:
Business |
| News Alerts by
Email ( click
here ) |
|
|
|
|
|
Bethesda, Maryland - Lockheed Martin Corp Tuesday reported a 5.8 per cent rise in first quarter earnings, buoyed by higher sales from US government computer contracts and development of a new NASA spacecraft. Net income increased to 730 million dollars, and revenues were up 7.6 per cent to 9.98 billion dollars. The US Federal Bureau of Investigation (FBI) sealed a contract valued up to 1 billion dollars with Lockheed over 10 years, to create a modern identification system for catching criminals and terrorists. The company's space systems division boosted sales by 5 per cent to 1.88 billion dollars, including work on the new Orion spacecraft that is to replace NASA's space shuttle programme, set to shut down by 2010.
Copyright DPA
|
|
|
|
|
|
Related News
Stronger yen, selective buying create mixed trading in Tokyo
Tokyo - Stock were mixed in Monday morning trading in Tokyo as exporters lost ground on a stronger yen and investors engaged in selective buying. The benchmark Nikkei 225 Stock Average gained 8.4 points, or 0.09 per cent, to trade at 9,797.75. ...
New Zealand economy gets big boost from rising dairy price
Wellington - Soaring international milk powder prices are giving the New Zealand economy a multi-million dollar boost as it struggles out of recession, the country's biggest exporter announced Monday. The Fonterra Co-operative Group, the world's bigg...
Czech premier proposes central bank chief for EU executive
Prague - Czech Prime Minister Jan Fischer proposed Zdenek Tuma, the governor of the Czech National Bank, for a post in the European Commission, the premier's office said Sunday. Fischer has said that he would select the Czech Republic's candidate for...
Myanmar expects to export 1 million tons of rice this fiscal year
Yangon - Myanmar exported 670,000 tons of rice in the fiscal year that ended March 31 despite the devastation wrought by Cyclone Nargis and expected to export up to 1 million tons this fiscal year, media reports said Sunday. The export volume of ric...
Indonesian maids outnumber Filipinos in Hong Kong for first time
Hong Kong - Filipino maids in Hong Kong are outnumbered for the first time by domestic helpers from Indonesia, according to government figures published Sunday. The number of Indonesian maids in the wealthy former British colony is now more than 130,...
Economic woes cost German employment agency billions
Nuremberg - The German employment agency will need to plug a funding hole of 16 billion euros (24 billion dollars) in 2010, an agency spokeswoman said on Saturday, confirming a media report. Job losses resulting from the economic crisis meant the agen...
Brown proposes financial market tax at G20 meeting - 2nd Update
St Andrews, Scotland - British Prime Minister Gordon Brown urged finance ministers from the world's 20 leading economies meeting Saturday to consider imposing a tax on financial transactions to help head off future global economic crises. It cannot ...
|
|
|
|
|
|
|
|
