Lockheed Martin quarterly profit rises 9.2%

FILE PHOTO: Lockheed Martin’s logo is seen in Tokyo, Japan, October 12, 2016. REUTERS/Kim Kyung-Hoon/File Photo

(Reuters) – Lockheed Martin Corp (LMT.N) reported a 9.2% rise in quarterly profit on Tuesday, helped by increased sales in its aeronautics business, which makes the F-35 fighter jets.

Net income rose to $1.61 billion, or $5.66 per share, in the third quarter ended Sept. 29, from $1.47 billion, or $5.14 per share, a year earlier.

Net sales rose to $15.17 billion from $14.32 billion.

Reporting by Dominic Roshan K.L. in Bengaluru; Editing by Aditya Soni

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