Lockheed Martin raises full-year profit and sales forecast on strong weapons demand

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Open this photo in gallery: The Lockheed Martin logo during the Japan Aerospace 2016 air show, in Tokyo, on Oct. 12, 2016.Kim Kyung Hoon/Reuters U.S. weapons maker Lockheed Martin LMT-N on Tuesday raised its annual profit and sales outlook on strong demand for military equipment stoked by ongoing geopolitical uncertainties. Defense companies in the U.S. have been successful in translating demand for air defense systems, missiles and other weapons into orders, triggered by the war in Ukraine and increasing tension in U.S.-China relations. Lockheed’s weapons, such the guided multiple launch rocket system and Javelin anti-tank missiles, made in conjunction with...