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Business/Financial

Aerospace Lifts GD In Third Quarter; Raises Earnings Guidance

DDN

Thursday, October 28th, 2010

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By Calvin Biesecker General Dynamics [GD] yesterday posted strong third quarter results led by its Aerospace segment that makes and services business jets. Overall, GD's operating performance was strong as it increased operating margins 80 basis points to 12.1 percent as net income rose 14 percent to $650 million, $1.70 earnings per share (EPS), while sales increased 4 percent to $8 billion. Per share earnings beat analysts' expectations by five cents. A year ago GD earned $572 million ($1.47 EPS)…

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