Sign In
Search
Business/Financial

Lower Taxes, Higher Operating Profit Lift GD In Fourth Quarter

Cal Biesecker By
SHARE:
Lower Taxes, Higher Operating Profit Lift GD In Fourth Quarter
General Dynamics Chairwoman and CEO Phebe Novakovic. Photo: General Dynamics

General Dynamics [GD] on Wednesday posted a strong finish to its fiscal year, delivering big gains in earnings and sales in the fourth quarter, aided in part by lower taxes and an acquisition last year. The company also introduced guidance for 2019 that forecasts top and bottom line growth. Net income in the quarter soared 43 percent to $909 million, $3.07 earnings per share (EPS), from $636 million ($2.10 EPS), topping consensus estimates by nine cents a share. A charge…

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

DoD Awards DPA Funds To Solid Rocket Motor Component Supplier PacSci

Business/Financial

York Space Systems To Acquire Space Solar Tech Company Solestial To Shore Up Supply Chain

Business/Financial

Blue Water Autonomy Announces Power, Propulsion, Manufacturing Partners

Business/Financial

Anduril Raises $5 Billion In New Round; Company Valuation At $61 Billion

Trending

Defense Watch: F-35 News, Big GD Sub Award, E-7 Reversal, UxS News
Pentagon Signs Framework Deals To Rapidly Buy Low-Cost Cruise Missiles, New Hypersonic Weapon
Addition Of Production Lines For F-15EX Eyed By USAF, MQ-9 Follow-On In Works
Army Awards Leidos $2.7 Billion To Accelerate Hypersonic Work
Defense Watch: FORGE, Cloud Contract, Another Super Hornet Lost, AFC/TRADOC Merger Name, TOC-L Protest

Congress Updates

Army

Lawmakers Request DoD Briefing On Army’s Planned Cuts To Aviation Procurement

A bipartisan group of House lawmakers has sent a letter asking the Pentagon for a briefing on the potential industrial base impacts as a result of the Army’s planned cuts […]

Congress

CENTCOM Looking To Lessons Learned From Use Of LUCAS Drones

U.S Central Command (CENTCOM) is looking to lessons learned from its use of Low-cost Unmanned Combat Attack System (LUCAS) drones by Phoenix-based SpektreWorks, according to CENTCOM head Adm. Brad Cooper. […]

Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]

The Force Multipliers

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Job Feed

Post a Job // Post a Resume