No war profits in this economy, no sir!

[pynchonoid]

<http://www.guardian.co.uk/Iraq/Story/0,2763,947858,00.html>

War propels Exxon profits to record $7bn 

Terry Macalister
Friday May 2, 2003
The Guardian 

ExxonMobil, the world's biggest privately owned oil
group and a target of street protesters, celebrated
May Day by reporting the largest quarterly corporate
profits in history at $7.04bn (£4.4bn). 

[...]  Crucial to the surge in profits was the rising
global price of oil, which averaged record highs
across the three-month period, buoyed by fears of a
supply gap due to the war in Iraq. 

<http://www.guardian.co.uk/business/story/0,3604,941560,00.html>

Lockheed profit boosted by war 

Richard Wray
Wednesday April 23, 2003
The Guardian 

The war dividend paid out yesterday for US defence
group Lockheed Martin as it announced a jump in first
quarter profits and raised its forecast for the 
coming year. 

The company, whose F-16 and F-22 fighter jets were
used extensively by the US during the war in Iraq, saw
profits rise to $250m (£160m) in the first three
months of the year from $224m a year earlier. 

[...] 

Smaller rival Raytheon, which has been dogged by
problems in its aircraft business, revealed a jump in
sales at the unit which manufactures the Tomahawk
cruise missile, also used in Iraq. 

[...] 
Defence electronics group L-3 saw its shares rise as
the company reported a dramatic rise in profits to
just under $50m for the first quarter, against $5m the
previous year. 

The manufacturer of bomb detection equipment for
airports and other security-conscious areas reported a
rise in sales to $1.1bn from $700m. [...] 



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