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Space, Information Systems Lift Lockheed Martin’s Earnings

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By Calvin Biesecker Lockheed Martin [LMT] yesterday posted strong second quarter earnings due to big gains at its Space and Information Systems segments and the world's largest defense contractor raised its profit forecast for the year due to previous land sale, lower interest expense and improved performance. Net earnings increased 13 percent to $882 million, $2.15 earnings per share (EPS), from $778 million ($1.82 EPS), handily beating consensus estimates by 27 cents EPS. About half of the earnings beat was…

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