Sign In
Search
Business/Financial

GD Swings To Profit Amid Flat Sales In Fourth Quarter

Cal Biesecker By
SHARE:
GD Swings To Profit Amid Flat Sales In Fourth Quarter
GD Chairman and CEO Phebe Novakovic. Photo: GD

General Dynamics [GD] on Wednesday said fourth quarter sales were level with a year ago and the company swung to a profit in 2013 versus 2012 when it was hit by nearly $3 billion in charges. Net income in the quarter was $495 million, $1.76 earnings per share (EPS), versus a $2.1 billion ($6.07 EPS) loss a year ago The fourth quarter results include a $129 million charge in discontinued operations related to a pending settlement of the 23-year-old A-12…

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

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Business/Financial

Turbojet Engine Manufacturer PBS Aerospace In Subcontract With Zone 5

Business/Financial

L3Harris Names New CFO, Freeing Bedingfield To Run Missile Solution Business

Business/Financial

Leonardo DRS Ends Strong Year With Robust Fourth Quarter

Trending

X-Bow Begins Hot-Firings Of Large Solid Rocket Motor For Hypersonic Applications
U.S. Confirms First Combat Use Of Low-Cost, One-Way Attack Drones In Iran Strikes
Defense Watch: Black Arrow and Blackbeard, Jordan KuMRFS, Epirus and DFT
Experimental Operations Unit Flights To Spur CCA Increment 2 Requirements
Air Force Acquisition Official: ‘APG-85 Is A Helluva Radar Unless You Don’t Have One’

Congress Updates

Pentagon

Amid Questions On Weapons Stockpiles, Caine Says U.S. Has ‘Sufficient’ Munitions For Iran Operation

Pentagon leaders on Wednesday sought to quell concerns over the rate at which the U.S. is employing critical munitions in its military strike campaign against Iran, with lawmakers also pressing […]

Congress

SASC Leaders Criticize Trump’s Defense Strategy, Press Colby On Policy Shifts

Senate Armed Services Committee (SASC) leadership on Tuesday criticized the Trump administration’s new National Defense Strategy (NDS) and pressed the Pentagon’s top policy official to explain the document’s priorities. SASC […]

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]

Congress

“Not Sure How They Get To Where They Wanna Be,” Calvert Says of $1.5 Trillion Defense Topline Proposal

As the federal government enters a third week of tardiness in a fiscal 2027 budget release, a big question is how the Pentagon will be able to spend $500 billion […]

The Force Multipliers

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Job Feed

Post a Job // Post a Resume