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GD Posts Strong Second Quarter Earnings Amid Flat Sales

GD Posts Strong Second Quarter Earnings Amid Flat Sales
General Dynamics says demand for its M1 Abrams tank remains strong.

General Dynamics [GD] on Wednesday reported strong second quarter earnings driven by gains across its operating segments, particularly its businesses that make business jets and provide information technology solutions and military vehicles to the federal government, Defense Department and international customers. Sales in the quarter were down less than a percent, $9.2 billion versus $9.3 billion a year ago, as declines in the Aerospace segment were largely offset by increases in defense work and federal solutions. GD’s defense sales increased…

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