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Lockheed beats quarterly estimates, forecasts higher profit for 2015

Lockheed Martin Corp. raised its annual profit forecast as increasing global tensions boosted international sales, helping offset U.S. defense-spending cuts. The outlook and first-quarter results from the largest defense contractor set the stage for its peers. Boeing Co. and Raytheon Co. report later this week, followed by General Dynamics Corp. and Northrop Grumman Corp. on April 29. Lockheed earnings will be $10.85 to $11.15 a share in 2015, up from the $10.80 to $11.10 range forecast in January, the Bethesda-based company said in a statement Tuesday. Lockheed’s forecast for revenue of $43.5 billion to $45 billion was reaffirmed.

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Under Armour’s hot 1st Q: 25 percent revenue growth

Under Armour’s hot 1st Q: 25 percent revenue growth

Baltimore-based Under Armour reported its 20th straight quarter of above-20 percent net revenue growth, saying today that its net revenues for the first quarter of 2015 reached $850 million. That performance -- a 25 percent net revenue increase -- was driven in part by the introduction of new products in apparel and footwear, the company said. Under Armour CEO and Chairman Kevin Plank said the company is well-positioned, through recent acquisitions and a growing focus on innovation and technology, to continue that hot streak.

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McCormick restructures some international operations

McCormick restructures some international operations

McCormick & Company today announced additional reorganization plans in the Europe, Middle East and Africa region, changes the company said would improve efficiency and streamline processes. The company said that while the changes will lower its expected earnings per share slightly and reduce its operating income on a reported basis, it is maintaining its projection for adjusted operating income growth. Since 2009, McCormick has embarked on what it calls a Comprehensive Continuous Improvement program, an initiative to improve productivity across the organization. Since the program's inception, McCormick has realized more than $340 million of cumulative annual cost savings and expects to deliver at least $85 million in additional savings this year.

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Pilot program for improved primary care shows early results

A pilot program aimed at improving primary medical care by increasing cooperation among doctors and more closely managing patient care has produced positive results, according to a preliminary briefing given to the Maryland Health Care Commission Thursday. The three-year Multi-Payer Patient Center Medical Home Program sought to move primary care providers across the state towards the patient-centered medical home model, which focuses on giving patients more team-based care in order to better manage chronic illness and reduce hospitalizations.

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