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Acquisition, Operating Results Lift GD’s Sales And Income In Third Quarter

Cal Biesecker By
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Acquisition, Operating Results Lift GD’s Sales And Income In Third Quarter
General Dynamics Chairwoman and CEO Phebe Novakovic. Photo: General Dynamics

General Dynamics [GD] on Wednesday posted increased sales and earnings in its third quarter due to its recent acquisition of CSRA Inc. and higher revenue and income at its operating segments.Sales increased 20 percent to $9.1 billion from $7.6 billion a year ago, with organic revenue up nearly 5 percent and the CSRA deal accounting for the remainder. GD completed its $9.7 billion acquisition of CSRA in April. All four of GD’s operating segments contributed to the organic growth.Net income…

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