Lockheed Martin Corp., the Pentagon’s No. 1 weapons supplier, on Oct. 23 posted a better-than-expected rise in quarterly profit, driven by higher production of its F-35 fighter jets, and forecast sales above Wall Street estimates for next year.
The company, whose products feature prominently in the $110 billion package of U.S. weapons deals for Saudi Arabia that President Trump announced in May 2017, said it expects about $500 million in sales to the Kingdom next year.
