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WASHINGTON -- While the US Department of Defense is acutely aware of the risks of substandard parts breaching its supply chains, the department is limited in its ability to determine the extent to which counterfeit parts are present because it lacks a department-wide definition of the term "counterfeit" and a consistent means to identify instances of suspect parts.

DUSSELDORF, GERMANY – In the first quarter of 2010, Henkel generated sales of 3.5 billion euros, up 7.8% year-over-year.

Net income was 266 million euros, up 119.8% year-over-year. Operating profit increased 93.3% to 422 million euros compared to last year.

Adjusted operating profit improved 79.1%. The company took restructuring charges of 31 million euros and recorded one-time gains of 32 million euros.

The firm’s Adhesive Technologies unit reported sales of 1.7 billion euros, up 12.4% year-over-year. The sector posted double-digit organic growth of 14.5%. This is attributed to substantial volume increases.

“Now we are looking forward to a noticeable improvement in our results of more than 15% for the full fiscal year versus 2009,” said Kasper Rorsted, chairman of the Henkel management board.

US$1 = 0.7871 euro