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Combat Systems Leads GD To Solid Fourth Quarter As Outlook Improves

Cal Biesecker By
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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…

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