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Aerospace Business Lifts GD’s Earnings In First Quarter Amid Flat Sales

Cal Biesecker By
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Aerospace Business Lifts GD’s Earnings In First Quarter Amid Flat Sales
The Gulfstream G550 aircraft. Photo: Gulfstream GD.

General Dynamics [GD] on Wednesday posted strong first quarter earnings driven mainly by gains in its business jet and aircraft services business with a nice boost also from its segment that makes tanks, fighting vehicles and weapons.Net income in the quarter jumped 19 percent to $763 million, $2.48 earnings per share (EPS), from $641 million ($2.04 EPS) a year ago, beating consensus estimates by 16 cents per share. In addition to higher operating profits at the Aerospace and Combat Systems…

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