The Bethesda, Md.-based company, whose wide-reaching aerospace activities include participation in NASA’s Pluto exploration mission, saw its Space Systems unit post an 4 percent rise in operating profit to $259 million in a three-month period ended June 28. The operating margin in those operations was roughly the same as a year earlier at 13 percent.
Quarterly net sales in the unit hit $181 million, up 10 percent from the year-earlier period.
The upbeat financial results further bolstered Lockheed Martin’s recently ebullient stock (LMT: NYSE). Its share price rose above $205 shortly after the results were announced July 20, with shares trading in recent weeks in the mid- to upper-end of a 52-week range of $162.52-$207.06.