Lockheed Martin's revenue rises 14.8 percent

October 25, 2016 7:38 AM EDT

Lockheed Martin's logo is seen during Japan Aerospace 2016 air show in Tokyo, Japan, October 12, 2016. REUTERS/Kim Kyung-Hoon


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(Reuters) - Lockheed Martin Corp (NYSE: LMT), Pentagon's No. 1 weapons supplier, reported a 14.8 percent rise in quarterly sales, helped by the acquisition of helicopter maker Sikorsky Aircraft.

The company's net income from continuing operations rose to $1.09 billion, or $3.61 per share, in the third quarter ended Sept. 25, from $756 million, or $2.42 per share, a year earlier.

Net sales rose to $11.55 billion from $10.06 billion a year earlier.

(Reporting by Rachit Vats in Bengaluru; Editing by Saumyadeb Chakrabarty)



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