Tuesday, April 24, 2007

Lockheed profit up on tech systems, one-time gains

(Reuters) - NEW YORK, April 24 - Lockheed Martin Corp. said on Tuesday that first-quarter profit rose a greater-than expected 17 percent as the world's largest defense contractor posted higher sales of information systems for government customers and had a number of one-time gains.

Lockheed, maker of F-16 fighter jets, Patriot missiles and an array of systems for the U.S. government, reported quarterly profit of $690 million, or $1.60 per share, compared with $591 million, or $1.34 per share, a year earlier.


Read more at Reuters.com Market News

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