Sign In
Search
Business/Financial

GD’s Net Income Tumbles On Charge Related To Planned Sale Of Axle Business

Cal Biesecker By
SHARE:
GD’s Net Income Tumbles On Charge Related To Planned Sale Of Axle Business
GD Chairman and CEO Phebe Novakovic. Photo: GD

General Dynamics [GD] on Wednesday posted lower net income in the second quarter due to a charge related to the planned sale of an axle business it acquired in 2009. Excluding the charge related to AxleTech, GD’s earnings from continuing operations were up nearly a percent to $646 million, $1.88 earnings per share (EPS), beating analysts’ expectations by 11 cents EPS. The results were driven by lower taxes while per share earnings benefited from a lower stock count due to…

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

Lockheed Martin Invests $25 Million In Fortem Technologies To Strengthen C-UAS Capabilities

Business/Financial

Anduril Adds Edison Chouest Offshore For MUSV Production In The U.S.

Space

Space Force Releases Visions For Future Force, Warfare Expectations

Business/Financial

Boeing Narrows Losses In First Quarter On Strong Defense Showing

Trending

Marines Tap Sikorsky, Robinson’s Unmanned R66 For Medium Resupply Drone Development Effort
Army Begins Evaluating Bumble Bee Drone Interceptor With Autonomous Kill Capability
USAF Examining Software, Construction Competition For Sentinel Program
Space Force Budget Includes $1.8 Billion To Modernize Launch at Vandenberg And Cape Canaveral
DoD Details Massive Drone, Industrial Base Investment In FY ‘27, Explains Reconciliation Outlook

Congress Updates

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]

Air Force

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 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