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Closing Glance: Aerospace and Defense

By Associated Press
May 16, 2008 | Comments (0)

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Shares of aerospace and defense companies fell Friday as the broader market moved modestly lower, as oil prices again closed at a record high, tempering positive news that new home construction jumped in April.

The Dow Jones industrial average and Nasdaq composite index finished slightly down, although the Standard & Poor's 500 was in positive territory.

Here are the day's results for a few key stocks in the sector:

Rockwell Collins Inc. lost 57 cents to $65.77.

Honeywell International Inc. shed 34 cents to $61.81.

L-3 Communications Holdings Inc. gave up 68 cents to $110.30.

Raytheon Co. fell 71 cents to $65.12.

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