Iraq war good business for some
Saturday January 27, 2007
NEW YORK – Lockheed Martin and Northrop Grumman reported sharp increases in fourth-quarter profit yesterday and raised full-year forecasts, as two of the world’s largest defence contractors capitalised on the continuing boom in US military spending.
Lockheed‘s profit easily beat Wall Street’s forecast, helping its shares rise slightly, almost hitting a record.
Northrop narrowly missed analysts’ average forecast due to a charge on a radar programme, sending its shares down modestly after notching an all-time high earlier this week.
US public opinion on the Iraq war: here.