Lockheed Martin Corp. (NYSE: LMT) reported Q2 EPS of $2.76, $0.10 better than the analyst estimate of $2.66. Revenue for the quarter came in at $11.31 billion versus the consensus estimate of $11.14 billion.

"Based on our solid program execution and operational performance through the first half of the year, we increased our 2014 financial guidance for profit, earnings, and cash flow," said Lockheed Martin Chairman, President and CEO Marillyn Hewson. "Our sound strategy, diverse portfolio and focus on affordability are yielding results and delivering value to our customers and shareholders."

FY14 EPS outlook moves from $10.50 - $10.80 up to $10.85 - $11.15, with the Street at $10.96.

For earnings history and earnings-related data on Lockheed Martin Corp. (LMT) click here.