Lockheed Martin quarterly profit rises 19.6%
Net sales rose 10.2 percent to $15.88 billion
A sign at the new Lockheed Martin Manufacturing Centre of Excellence is seen at the company's headquarters in Ampthill near Bedford, Britain June 9, 2016. REUTERS/Peter Nicholls/File Photo
Lockheed Martin Corp (LMT.N), Pentagon's No.1 weapons supplier, reported a 19.6 percent rise in quarterly profit on Tuesday, helped by increased demand for its F-35 combat jets.
Net earnings rose to $1.50 billion, or $5.29 per share, in the fourth quarter ended Dec. 31, from $1.25 billion, or $4.39 per share, a year earlier.
Net sales rose 10.2 percent to $15.88 billion.
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