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Sales for the company rose 4% to $11.04 billion, above the $10.86 billion consensus analysts' estimate.
In the year-ago period, the company reported earnings of $778 million, or $1.82 a share, on sales of $10.65 billion.
Lockheed raised its 2008 earnings outlook to $7.45 to $7.60 a share from a prior range of $7.15 to $7.35 a share. The sales outlook was raised to $41.9 billion to $42.9 billion from a prior range of $41.8 billion to $42.8 billion.
Wall Street is looking for earnings of $7.46 a share for the year on revenue of $42.87 billion.
Shares of Lockheed closed Monday at $101.59. Ryan Vlastelica rv/mb
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