Lockheed Martin on Tuesday reported net income of $888 million in its third quarter.
The Bethesda, Maryland-based company said it had profit of $2.76 per share.
The results exceeded Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.72 per share.
The aerospace and defense company posted revenue of $11.11 billion in the period, missing Street forecasts. Analysts expected $11.24 billion, according to Zacks.
Lockheed shares have increased 18 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 3 percent. The stock has climbed 36 percent in the last 12 months.