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GD Posts Modest Earnings Gains As Aero, Combat Margins Rise

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By Calvin Biesecker Strong profit margin improvements at General Dynamics' [GD] business aircraft and Combat Systems segments and record operating profits at its information technology business helped drive an increase in second quarter earnings at General Dynamics [GD] despite flat sales. The improved earnings in the quarter combined with a "clearer view" of the second half of 2010 led GD to boost its earnings guidance for the year, said Jay Johnson, GD's chairman and CEO. Net income increased 5 percent…

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