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GD’s Third Quarter Income Flat As Sales Ebb

Defense Daily Staff Defense Daily Staff
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General Dynamics [GD] yesterday said its net income in the third quarter remained level despite a slight dip in sales as the company continues to aggressively manage costs and find performance improvements. Earnings were hurt by a $13 million environmental bill related to a former business unit versus a $1 million gain a year ago. Net income was $652 million, $1.80 earnings per share (EPS), compared to $650 million ($1.70 EPS) a year ago. Absent the charge, earnings from continuing…

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