Lockheed Martin's

(LMT) - Get Report

fourth-quarter earnings jumped 8% from a year ago, driven by an 11% increase in sales.

The aerospace giant earned $372 million, or 83 cents a share, in the quarter, compared with $344 million, or 77 cents a share, last year. Sales were $10.0 billion in the latest quarter compared with $9.0 billion a year ago. Analysts surveyed by Thomson First Call had been calling for earnings of 77 cents a share on sales of $9.19 billion.

For 2005, Lockheed sees earnings of $3.05 to $3.30 a share on sales of $36.0 billion to $37.5 billion. Analysts were calling for earnings of $3.32 a share on sales of $36.04 billion, according to Thomson First Call. The company cited improved operating performance and increased volume related to recent business wins.

By segment, Lockheed said electronic systems revenue were $3.1 billion in the latest quarter compared with $2.6 billion a year ago; aeronautics revenue was $3.0 billion in the latest quarter compared with $3.0 billion a year ago; space systems revenue was $1.8 billion in the latest quarter compared with $1.5 billion a year ago; integrated systems revenue was $1.0 billion in the latest quarter compared with $916 million a year ago; and information & technology services revenue was $1.0 billion in the latest quarter compared with $972 million last year.

The stock closed Wednesday at $55.23.