Lockheed Martin [LMT] on Tuesday reported higher earnings in the second quarter due to a swing to pension income and the company increased its profit guidance for the year as a result of stronger than expected operating performance in the first half of 2014 and because of better than expected pension income in the second half of the year stemming from a recent decision to alter its retirement plans. Net income rose 3 percent to $889 million, $2.76 earnings per…
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