
Lockheed Martin [LMT] on Monday reported strong financial results in its second quarter driven by higher sales and non-operating improvements, continuing momentum from the first quarter and the company lifted its earnings outlook for the year. Net income rose 12 percent to $1.8 billion, $6.52 earnings per share (EPS) from $1.6 billion ($5.79 EPS) a year ago, missing consensus estimates by a penny per share. Sales increased 5 percent to $17 billion from $16.2 billion a year ago on gains…