Lockheed Martin (LMT) announced the company now expects its fiscal 2017 earnings per share in a range of $12.85 - $13.15, up from July outlook of $12.30 - $12.60. In the fourth quarter of 2017, the company expects to recognize a previously deferred non-cash gain of approximately $200 million related to properties sold in 2015, which is expected to increase net earnings from continuing operations by $120 million or $0.40 per share. Business segment operating profit is now targeted in the range of $5.04 - $5.16 billion, up from July outlook of $5.02 - $5.14 billion.
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