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Some positive news coming from the the defense sector

|Includes:BA, CACI, NOC, PowerShares Aerospace & Defense Portfolio ETF (PPA), RTN, TXT

While preparing our latest newsletter, I came across some positive news from several companies: 

CACI (NYSE: CACI)
In its quarterly report, the firm raised its guidance for FY-2012 based on continued strength in operating performance; the addition of acquisitions in the cyber and business systems area, and a large commercial product sale.  “Our record performance provides a solid foundation and strong momentum for the rest of the fiscal year and beyond.”

Raytheon (NYSE: RTN)
Raytheon announced that bookings in the quarter were up 14% to $6.9 billion from $6.04 billion a year earlier; shifting backlog upward to almost $35 billion.  Its margin of 13% is also the highest in a decade.  The firm plans to boost revenue via acquisitions and targeted international sales.

Boeng (NYSE: BA)
Boeing reported a 31% increase in 3Q profit as it delivered more commercial planes and boosted operated margins. 

Textron (NYSE: TXT)
Its Bell Helicopters division announced plans to build a $240 million expansion of its facility in Fort Worth, Texas.

Northrop Grumman (NYSE: NOC)
Aannounced 150 job openings for engineers and other workers in San Diego.

 

Stocks: PPA, NOC, TXT, BA, RTN, CACI