
Lockheed Martin [LMT] on Tuesday posted higher sales and lower net income in its second quarter although the bottom line improved from a year ago after excluding profits from a business segment that was divested last summer.Net income fell 7 percent to $942 million, $3.23 earnings per share (EPS), from just over $1 billion ($3.32 EPS) a year ago, topping consensus estimates by 12 cents per share. Net income a year ago benefited from a $122 contribution (39 cents EPS)…