Sign In
Search
Business/Financial

Combat Systems Leads GD To Solid Fourth Quarter As Outlook Improves

Cal Biesecker By
SHARE:
Combat Systems Leads GD To Solid Fourth Quarter As Outlook Improves
General Dynamics M1A1 Abrams main battle tank. Photo: General Dynamics

General Dynamics [GD] on Wednesday posted a solid end to its fiscal year driven by strong growth and earnings at its operating segment that makes armored vehicles and munitions and the company is forecasting a better 2023 than previously forecast for this business due to demand stemming from Russia’s war against Ukraine. Sales and operating margin in the Combat Systems segment will mirror 2022 levels, which is better than the slight decline expected a year ago, and the increased demand…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

Apex Raises $200 Million To Boost Hiring And Vertical Integration

Business/Financial

Bullfrog Counter-Drone Developer Allen Control Systems Raises $200 Million

Business/Financial

Kongsberg Completes Acquisition Of Zone 5 Technologies

Business/Financial

Arxis To Acquire Omnetics Connector And MagCanica For Combined $890 Million

Trending

USAF Looks To Start Building Family Of Affordable Mass Missiles In September
HASC’s Final FY ‘27 NDAA Expands Systems Eligible For Multi-Years, Includes LTAMDS, IBCS, ARRW
Air Force Eyes Mass Production of FAMM-P While Also Pursuing FAMM-L
State Department Okays $2 Billion Sale Of Anduril C-UAS Systems; JASSM-ER For Denmark
SpaceX Gets Nearly $4.2 Billion Nod From Space Force For Initial SB-AMTI

Congress Updates

Congress

SASC’s FY ‘27 NDAA Sticks With Army’s Plan For Legacy Aviation Procurement Cuts

The Senate Armed Services Committee’s (SASC) version of the next defense policy sticks to the Army’s proposed plan to cut procurement of its legacy aviation fleet, and does not authorize […]

Congress

SASC Approves $1.14 Trillion FY ‘27 NDAA With ‘Right to Repair’ Reform, Stock Buyback Restriction

The Senate Armed Services Committee (SASC) has approved its $1.14 trillion version of the next defense policy bill, adopting “right to repair” reform to provide the military services’ greater ability […]

Congress

House Appropriators Unveil $1.07 Trillion FY ‘27 Defense Bill, Restore Funds For E-7, Army Aviation

House appropriators on Wednesday released their $1.07 trillion fiscal year 2027 defense spending bill, with the legislation reversing Army aviation cuts, restoring funding for the Air Force’s E-7 Wedgetail program […]

Congress

MOSA Implementation By Pentagon Lagging, GAO Official Says

While the Modular Open Systems Approach (MOSA) has been a requirement for major defense acquisition programs since January 2019 and other Defense Department acquisitions since January 2021, few programs are […]

The Force Multipliers

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Job Feed

Post a Job // Post a Resume