TRW Inc. reported profits rose 57% in...

TRW Inc. reported profits rose 57% in the fourth quarter and 70% for the year, bolstered by strong auto parts sales and a growing space-defense business.

The Cleveland-based company earned $100.2 million, or $1.49 per share, in the three months ended Dec. 31, compared to profits of $63.6 million, or 96 cents per share, in the same period a year earlier. Sales rose to $2.45 billion from $2 billion.

Chairman Joseph T. Gorman attributed the gains in part to improved productivity and strong demand in North America and Europe for the company’s auto safety and steering systems.

For all of 1994, TRW earned a record $332.7 million, or $5.01 per share, compared with profits of $195.4 million, or $2.97 per share, in 1993. Sales rose to $9.09 billion from $7.95 billion.