Lockheed Martin Q3 Profit Rises to $1.845 Billion; Revenue Up 11.3%

Lockheed Martin Corp. (LMT) reported higher third-quarter earnings, with net income rising to $1.845 billion, or $7.97 per share, from $1.619 billion, or $6.95 per share, a year earlier. Revenue for the period rose 11.3% to $20.711 billion from $18.609 billion last year. The defense contractor guided full-year earnings per share to a range of $30.35 to $30.75 and full-year revenue to $80.00 billion to $82.00 billion.