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Closing Glance: Aerospace and defense stocks rise

By Associated Press
July 8, 2008 | Comments (0)

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Aerospace and defense companies rose in Tuesday afternoon trading as oil prices took another sharp downturn.

The price of light, sweet crude fell $5.36 to $136.01 per barrel on the New York Mercantile Exchange, compounding a declined of almost $4 on Monday.

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

Rockwell Collins Inc. climbed $3.11, or 6.5 percent, to $51.27.

Goodrich Corp. rose $1.83, or 4 percent, to $48.

L-3 Communications Holdings Inc. picked up $2.71, or 3 percent, to $93.25.

Boeing Co. added $1.63, or 2.5 percent, to $65.92.

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