July 18, 2017 / 11:39 AM / 2 years ago

Lockheed Martin's profit rises about 5 pct

July 18 (Reuters) - Lockheed Martin Corp, the Pentagon’s No.1 weapons supplier, reported a 4.78 percent rise in quarterly profit, driven by strength in its aeronautics division that makes the F-35 fighter jets.

The company’s net income from continuing operations rose to $942 million, or $3.23 per share, in the second quarter ended June 25, from $899 million, or $2.93 per share, a year earlier.

Net sales rose to $12.69 billion from $11.58 billion. (Reporting by Rachit Vats in Bengaluru; Editing by Sriraj Kalluvila)

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