
General Dynamics [GD] on Wednesday reported higher second quarter sales on strong gains in four of its five operating segments and earnings were also up on lower taxes and other non-operating benefits. Net income increased 3 percent to $806 million, $2.77 earnings per share (EPS), from $786 million ($2.62 EPS) a year ago, topping analysts’ expectations by 9 cents a share. Overall segment profits were flat as gains in the Mission Systems, Combat System and Marine Systems segments were offset…