Oct 23 (Reuters) - U.S. defense firm Teledyne ( TDY ) on

Wednesday reported a rise in third-quarter profit, driven by

strong demand for marine instrumentation and aerospace

electronics.

Ongoing conflicts in the Middle East and the Russia-Ukraine

war have led to a surge in defense spending by countries,

benefiting companies such as Teledyne ( TDY ), Lockheed Martin ( LMT )

and RTX.

Teledyne ( TDY ) reported net income attributable of $262 million,

or $5.54 diluted earnings per share, for the quarter ended Sept.

29, compared with $198.6 million, or $4.15 diluted earnings per

share, a year earlier.

"We continue to see robust demand in our longer-cycle

defense, space, and energy businesses," said Executive Chairman

Robert Mehrabian, and highlighted a recovery in sales for its

shorter-cycle commercial businesses.

The company raised its 2024 profit forecast to between

$17.28 and $17.42, up from $15.87 to $16.13 earlier, but

narrowed its adjusted profit forecast to between $19.35 and

$19.45, down from $19.25 to $19.45.

Sales rose 2.9% to $1.44 billion.

(Reporting by Pratyush Thakur in Bengaluru; Editing by Devika

Syamnath)