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U.S. aerospace and defense contractor Raytheon’s profits rose as it increased sales of jet engines, parts and aftermarket services to airlines in 2022 amid growing demand for high air travel worldwide. surged.

The results beat Wall Street expectations in the fourth quarter and contributed to Lockheed Martin’s earnings, following strong sales of fighter jets, helicopters and missiles, including the type of rockets destined for the Ukrainian military.

Raytheon’s jet engine division, Pratt & Whitney, reported operating income of $306 million, up 127% from the year-ago quarter, driven by higher commercial aftermarket sales. Pratt & Whitney’s earnings increased his 10% to $5.65 billion. This is due to a 37% increase in his OEM components in commercial.

Lockheed reported revenue of $19 billion in the final quarter of last year, up more than 7% from $17.7 billion in the same period in 2021. Earnings per share he fell from $7.47 to $7.40. In the helicopter business for severance costs and asset impairments.

Raytheon’s missile sales increased 6% to $4.1 billion in the fourth quarter, but earnings declined 23% due to inefficiencies and divestiture costs. Raytheon’s missiles include the Stinger and Javelin, the latter co-produced with Lockheed Martin and played a key role at the start of the war in Ukraine.

Lockheed’s quarterly sales growth was driven by $275 million in net sales for the Group’s Marquee F-35 fighter program and $260 million for various integrated combat systems and sensors.

Also, $115 million was added for tactical and attack missiles, including guided multiple rocket systems that the Ukrainian military is launching from High Mobility Artillery Rocket Systems (Himars) to repel Russian forces.

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