TransDigm Group Inc has posted better-than-expected profits in terms of quarterly profits. The aircraft parts maker has managed to do so because of the rising value in the after-sales market. And looking at the performance it has also raised its 2010 fiscal forecast.

The company its main business from big aircraft platforms like Boeing and Boeing's B747 has been its main product giving category. For Airbus, it makes parts for Airbus' A330.

TransDigm has raised its 2010 forecasts based on the "two-class method," from $3.20 per share to $3.24 per share. Earlier its range was $3.05 per share to $3.15 per share.

Under the two-class method, all the securities including the ones that participate in company's outstanding are included in participating securities calculation.

Now it expects its revenue to range in between $817 million to $825 million as against $804 million to $835 million. Net income for the third quarter stood at $44 million as against $41.4 million, a year ago.

Meanwhile, during the period the net sales went up by 13 per cent to end at $214.2 million. Analysts had expected the earnings to be 82 cents per share.