Sign In
Search
Business/Financial

GD’s Earnings, Sales Fall In Fourth Quarter

Cal Biesecker By
SHARE:
GD’s Earnings, Sales Fall In Fourth Quarter
General Dynamics Chairwoman and CEO Phebe Novakovic. Photo: General Dynamics

General Dynamics [GD] on Wednesday posted top and bottom-line declines in its fourth quarter but for all of 2021 sales and earnings were higher. Major positives in the quarter and for the year included strong orders for the company’s Gulfstream business jets and robust free cash flow. Net income in the quarter fell 5 percent to $952 million, $3.39 earnings per share (EPS), from $1 billion ($3.49 EPS) a year ago, topping consensus estimates by two cents per share. Sales…

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

Rocket Lab Closes Mynaric Acquisition At Higher Price Than Originally Agreed

Business/Financial

Lockheed Martin Invests $25 Million In Fortem Technologies To Strengthen C-UAS Capabilities

Business/Financial

Information Trust Startup PeakMetrics Raises $6 Million In Series A Round

Business/Financial

Anduril Adds Edison Chouest Offshore For MUSV Production In The U.S.

Trending

Space Force Budget Includes $1.8 Billion To Modernize Launch at Vandenberg And Cape Canaveral
Pentagon To Move Forward On AEP Upgrades For GPS, As DoD Cancels GPS OCX
Defense Watch: Talon Blue News, Iranian Missiles, LTAMDS Award, DDG News
Final GPS III Satellite To Launch On Monday With Optical Cross Link Demonstration Payload
Space Force Awarded AMTI Contracts To Nine Vendors To Get Initial Space-Based Capability

Congress Updates

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]

The Force Multipliers

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Job Feed

Post a Job // Post a Resume