Lockheed's profits were down 8.7 percent in the first quarter. They claimed it was because they had higher pension expenses, but I am willing to bet it had something to do with Secretary Gates' (pbuh) attempts to tighten the Air Force's budget belt (e.g. Joint Strike Fighter, cap on F-22 purchases). Or, perhpas the restriction on the use of non-competitive contracts has something to do with it.
Northrop's first quarter profit rose almost 50 percent.
Raytheon posted a 14 percent increase in earnings.
Boeing's earnings dropped 47 percent...
Saab, who makes parts for both Boeing and Airbus, also took a loss.