HEADLINE NEWS
Lockheed and McDonnell Douglas Show Rise in Aerospace Profits
NEW YORK Strong fourth-quarter results by Lock-heed and McDonnell Douglas, beyond investor expectations, confirmed a pattern of strengthening profits in aerospace. Lockheed Corp. reported record earnings of $436 million from continuing operations in 1987, or $6.64 per share, up from $410 million in 1986, or $6.21 per share, as sales rose 10.8% to $11.3 billion.