April 24, 2018 / 11:44 AM / a month ago

Lockheed Martin revenue up 3.8 pct on higher F-35 jet sales

April 24 (Reuters) - Lockheed Martin Corp, the Pentagon’s No.1 weapons supplier, reported a 3.8 percent rise in quarterly revenue, as it sold more F-35 fighter jets.

The company’s net income rose to $1.16 billion, or $4.02 per share, in the first quarter ended March 25 from $789 million, or $2.69 per share, a year earlier.

Net sales rose to $11.64 billion from $11.21 billion. (Reporting by Rachit Vats in Bengaluru; Editing by Anil D’Silva)

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