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GD Reports Strong Fourth Quarter Driven By Combat Systems And Business Jets

DDN

Thursday, January 24th, 2008

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By Calvin Biesecker General Dynamics [GD] topped a strong year with record quarterly income, sales and free cash flow, driven by exceptional results in both its military vehicle and business jet segments, the company reported yesterday. The strength in Combat Systems was widespread, including domestic and international military vehicle programs, ammunition, ordnance and advanced technology products, Nicholas Chabraja, GD's chairman and CEO, said during yesterday's earnings call. Combat Systems' operating profits were up 67 percent to $323 million in the…

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