Shares in Hi-Shear Technology Corp. leaped nearly 13 percent Monday after the company reported strong growth in sales and profits for its second quarter.

Hi Shear reported second-quarter net income for the quarter ending Nov. 30 of $2.5 million (36 cents per share), up 67 percent from $1.5 million (22 cents per share) from the same period a year earlier.

Revenues for the Torrance-based maker of aerospace and satellite equipment surged 33 percent to $6.5 million thanks in large part to increased demand from national missile defense and satellite programs, the company said in a statement.

Shares in Hi Shear added nearly 13 percent, or $1.43, to $12.67 in afternoon trading Monday on the New York Stock Exchange.