Orbital, LockMart and General Dynamics Profits Up; Boeing Numbers Fall

Orbital Sciences reports 2Q profit up 87 percent
Associated Press

“Orbital Sciences Corp. posted solid earnings growth for the second quarter Thursday, driven by strong sales in its advanced space programs and launch vehicle operations. The Dulles, Va., company reported earnings jumped 87 percent to $25.8 million, or 43 cents per share, for the second quarter, from $13.8 million, or 23 cents per share, in the second quarter of last year.”

Lockheed 2Q profit up 13 percent
Associated Press

“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.”

Armored vehicles lift General Dynamics 2Q profit
Associated Press

“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. General Dynamics’ stock jumped nearly 7 percent, closing up $5.82 at $89.27 per share.”

Delays hurt Boeing’s 2Q profit, which falls 19 pct
Associated Press

“Delays hurt Boeing Co.’s second-quarter profit, which fell 19 percent because of late delivery of military aircraft and rising costs from the postponed introduction of its 787 jetliner. But the Chicago-based company, the world’s second-largest commercial airplane maker after Europe’s Airbus, reaffirmed its forecasts for 2008 and 2009, saying productivity gains would overcome the quarter’s setbacks.”