GM Hughes Electronics Corp. earned $175 million in the first quarter, up 14% from the year before, while revenue increased 3.8% to $2.7 billion, the General Motors subsidiary reported.
The 14% increase in profit reflected gains by both Hughes Aircraft and Delco Electronics. The Hughes increases came on "continuing strength in the defense electronics market" and on "significant improvements" in Hughes missile business. The company said cost and delivery of missiles at its Canoga Park Missile Systems Group improved.
