Sign In
Search
Business/Financial

GD Reports Higher First Quarter Income On Flat Sales

Cal Biesecker By
SHARE:
GD Reports Higher First Quarter Income On Flat Sales
General Dynamics Chairwoman and CEO Phebe Novakovic. Photo: General Dynamics

General Dynamics [GD] on Wednesday reported an increase in net earnings in the first quarter driven by lower taxes and net interest expense although sales were flat. Net income rose 3 percent to $730 million, $2.61 earnings per share (EPS), from $708 million ($2.48 EPS) a year ago. Sales remained level at $9.4 billion. Lower taxes and interest expenses more than offset a 3 percent decline in operating earnings, which were down due to one-time corporate costs related to how…

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

Blue Water Autonomy Announces Power, Propulsion, Manufacturing Partners

Business/Financial

DoD Awards DPA Funds To Solid Rocket Motor Component Supplier PacSci

Business/Financial

York Space Systems To Acquire Space Solar Tech Company Solestial To Shore Up Supply Chain

Business/Financial

Anduril Raises $5 Billion In New Round; Company Valuation At $61 Billion

Trending

Coast Guard Plans R&D Effort With Lockheed Martin To Assess HPMs To Stop Small Boats
Perennial Autonomy Nabs $500 Million DoD Counter-Drone Contract
Lockheed Conducts Successful Seeker Test For QuadStar Missile Competing For Army’s NGSRI
Defense Watch: F-35 News, Big GD Sub Award, E-7 Reversal, UxS News
Defense Watch: FORGE, Cloud Contract, Another Super Hornet Lost, AFC/TRADOC Merger Name, TOC-L Protest

Congress Updates

Army

Army Relooking At Its ‘Whole Aviation Transformation’ Plan, Acting Chief Tells Lawmakers

The Army is relooking at its “whole aviation transformation initiative,” the service’s acting chief of staff told lawmakers on Tuesday, to include its approach for future procurement of “enduring” platforms. […]

Army

Lawmakers Request DoD Briefing On Army’s Planned Cuts To Aviation Procurement

A bipartisan group of House lawmakers has sent a letter asking the Pentagon for a briefing on the potential industrial base impacts as a result of the Army’s planned cuts […]

Congress

CENTCOM Looking To Lessons Learned From Use Of LUCAS Drones

U.S Central Command (CENTCOM) is looking to lessons learned from its use of Low-cost Unmanned Combat Attack System (LUCAS) drones by Phoenix-based SpektreWorks, according to CENTCOM head Adm. Brad Cooper. […]

Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]

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