Northrop Grumman Corp. (NYSE: NOC) reported Q2 EPS of $2.37, $0.15 better than the analyst estimate of $2.22. Revenue for the quarter came in at $6 billion versus the consensus estimate of $5.97 billion.

Northrop Grumman Corp. raised FY2014 EPS of $9.15-$9.35, versus the consensus of $9.24.

"Second quarter results demonstrate our team's continued commitment to strong execution. We continue to focus on performance, cash deployment and portfolio alignment as the primary value creation drivers for our shareholders, customers and employees," said Wes Bush, chairman, chief executive officer and president.

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