For those who want "numbers";
Quarterly net sales went up 1.6% year over year to $3,192 million, easily beating the Zacks Consensus Estimate of $3,064 million by 4.2%. All the segments except National Security Solutions posted a year-over-year gain in the quarter.
International sales were up 17% which helped offset the decline in sales at the domestic national security-related businesses. The company continued to receive new orders during the quarter. Funded orders for the reported quarter were $3.5 billion.
Total operating income in the second quarter 2013 dropped 7.3% to $307 million from $331 million in the second quarter 2012. Operating margin contracted 90 basis points to 9.6% in the reported quarter due to less favorable contract adjustments and sales mix changes for the Command, Control, Communications, Intelligence, Surveillance and Reconnaissance (C3ISR) and Electronic Systems segments.