Pacific Scientific Co.: The Newport Beach manufacturer...

Pacific Scientific Co.: The Newport Beach manufacturer of electrical equipment and aircraft safety equipment said third-quarter profit increased 47%, to $2.2 million, or 40 cents a share, from $1.5 million, or 27 cents a share, for the comparable 1992 period. Sales for the quarter ended Sept. 24 were up 14%, to $47.9 million from $42.1 million. For the nine-month period, the company recorded profit of $6 million, or $1.11 a share, 58% higher than the $3.8 million, or 70 cents a share, posted for the same period last year. The 1993 earnings include a onetime gain of $1.1 million, or 20 cents per share, from an accounting change. Sales rose 10%, to $139.2 million from $126.4 million.