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Combat Systems, Business Jets Propel GD To Strong First Quarter

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By Calvin Biesecker General Dynamics [GD] yesterday reported strong first quarter sales and earnings results led by its Combat Systems and Aerospace Segments, leading company CEO Nicholas Chabraja to signal that the company's previous financial forecast for 2008 was too conservative and would be revised upward. Chabraja said he needs to better understand the performance gains the company's operating segments are generating before he finalizes new guidance, which will be forthcoming in the second quarter. For example, while sales declined…

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