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Shipbuilding, Business Jets Boost GD In Strong Fourth Quarter

Cal Biesecker By
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Shipbuilding, Business Jets Boost GD In Strong Fourth Quarter
The Virginia-class attack submarine USS Mississippi (SSN 782) departs Joint Base Pearl Harbor-Hickam for routine operations. General Dynamics' sales in the quarter benefited from work on the Block IV version of the class. Photo: U.S. Navy

General Dynamics [GD] on Wednesday posted strong fourth quarter financial results powered by its shipbuilding and business jet operations with solid contributions from its other businesses as well.Net income soared 42 percent to $701 million, $2.09 earnings per share (EPS), from $495 million ($1.41 EPS) a year ago. Excluding impacts from discontinued operations, which were impacted by an expected $36 million charge related to the sale of its former Axle Tech business, GD’s earnings were up 18 percent to $737…

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