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General Dynamics' Revenue Rise on Defense, but Profits Hit by Bizjet Deliveries
For the quarter ended Sept. 29, the company's aerospace segment which makes Gulfstream business jets saw revenue rise to $2.4 billion, up 22.1% from a year ago. But profit margins were 12.3%, lower by nearly a percentage point compared to the same period a year ago.
General Dynamics boosts profit on Gulfstream, defense demand
General Dynamics (NYSE:GD) boosted earnings and revenue in the third quarter on solid demand for its Gulfstream business jets and defense unit's combat systems. Shares of General Dynamics (GD) fell as much as 1.
General Dynamics 3Q Profit Rises as Demand Holds Steady
General Dynamics recorded a jump in earnings and revenue in the third quarter as demand remained strong for its Gulfstream aircraft and defense unit's combat systems.
General Dynamics revenue rises on defense demand
General Dynamics reported a more than 10% rise in third-quarter revenue on Wednesday, driven by strength in its defense units amid sustained demand for military munitions and vehicles. The Reston, Virginia-based company reported quarterly revenue of nearly $11.
USNI
2d
GD CEO: Electric Boat to Scale Back Submarine Work Due to ‘Major Component’ Delays
The prime contractor behind the Pentagon’s top acquisition priority is slowing its rate of producing submarines due to a lack ...
GovCon Wire
2d
General Dynamics Q3 Revenue Up 10.4%
Know more about General Dynamics' third-quarter revenue, operating earnings, backlog and notable defense awards.
1d
General Dynamics: Overcoming G700 Challenges with Promising Defense Outlook
Analyst Kristine Liwag of Morgan Stanley maintained a Buy rating on General Dynamics (GD – Research Report), retaining the price target ...
Flightglobal
14h
US manufacturers ramp solid rocket motor production amid surging munitions demand
After years of decline left the US aerospace industry with just a single independent producer of rocket motor engines to ...
The Day
1d
Courtney says EB not to blame for slowdown in submarine production
Supply chain issues affecting its partners are the reason Electric Boat needs to slow down submarine production, U.S. Rep.
1d
General Dynamics: Hold Rating Amid Uncertainty in G700 Deliveries and 2024 Outlook
Analyst Matthew Akers from Wells Fargo maintained a Hold rating on General Dynamics (GD – Research Report) and keeping the price target ...
InsideDefense
3d
General Dynamics tapped to build MEDUSA minelaying vehicle prototype
Under the award, General Dynamics Mission Systems will build a tactical prototype system of the Mining Expendable Delivery Unmanned Submarine Asset (MEDUSA), an expendable uncrewed undersea vehicle ...
2d
General Dynamics收入增长超过10%
总部位于弗吉尼亚州的国防承包商General Dynamics今天报告称,其第三季度收入显著增长,增长归因于其国防板块的强劲需求。该公司的收入达到近116.7亿美元,较去年同期的105.7亿美元大幅增长。 收入增长主要是由于军事弹药和车辆需求的增加。这种需求的上升对General Dynamics的国防部门来说是一个利好,该部门已经抓住了对此类产品需求增加的机遇。 该公司的财务表现反映了更广泛的行 ...
2d
General Dynamics (GD) Q3 2024 Earnings Call Transcript
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Earnings per share
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