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U.S. Weapons Manufacturers See Jump in First Quarter Profits

HeadlineApr 23, 2003

The U.S. weapons manufacturer Lockheed Martin announced a jump in first quarter profits and raised its forecast for the coming year. Sales at the company’s aeronautics division more than doubled. Lockheed makes the F-16 and F-22 fighter jets used in the invasion of Iraq. And Raytheon revealed a jump in sales at the unit which manufactures the Tomahawk cruise missile.

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