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The
company also raised its adjusted profit and sales outlook for
the year.
Lockheed shares were up 1.4 percent in premarket trading on
Tuesday.
The company said third-quarter sales in its rotary and mission
systems business unit jumped 55 percent to $3.35 billion, which
included about $1.2 billion from sales of Sikorsky military and
commercial helicopters. Lockheed completed the $9 billion
acquisition of Sikorsky from United Technologies Corp <UTX.N> in
June.
According to Thomson Reuters I/B/E/S calculations, the company's
income from continuing operations was $3.27 per share, versus
the average analyst estimate of $2.87.
Net income more than doubled to $2.40 billion, or $7.93 per
share, in the third quarter ended Sept. 25, from $865 million,
or $2.77 per share, a year earlier.
Net income included a one-time special cash payment of $1.8
billion from the company's $5 billion tax-free deal to merge its
information systems business with Leidos Holdings earlier this
year.
The company said it raised its adjusted outlook 2016 profit
forecast of $11.15-11.45 per share to $12.10, and adjusted sales
of $45 billion-$46.2 billion to $46.5 billion.
Net sales rose to $11.55 billion from $10.06 billion a year
earlier.
(Reporting by Rachit Vats in Bengaluru; Editing by
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