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Business Jets, Defense Power Strong Second Quarter For General Dynamics

Cal Biesecker By
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Business Jets, Defense Power Strong Second Quarter For General Dynamics
The Abrams M1A2 SEPv3 (Photo Credit: U.S. Army photo )

Buoyed by the start of deliveries of its newest business jet combined with robust defense demand, General Dynamics [GD] on Wednesday reported strong sales and earnings in its second quarter. Net income jumped 22 percent to $905 million, $3.26 earnings per share (EPS), from $744 million ($2.70 EPS) a year ago, but still short of consensus expectations by 2 cents a share. The strong earnings were primarily on higher sales and strong operating results across the company. Sales increased 18…

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