Aerospace Group:

Business/Financial

General Dynamics Posts Strong Earnings In Fourth Quarter

By Cal Biesecker

Wednesday, January 29th, 2020

SHARE:

General Dynamics Posts Strong Earnings In Fourth Quarter

General Dynamics Chairwoman and CEO Phebe Novakovic. Photo: General Dynamics

Led by its aerospace business, General Dynamics [GD] on Wednesday reported strong fourth quarter earnings on solid sales and expects continued growth in 2020 and the company signaled an improved outlook in cash collections that will improve financial flexibility. Net income in the quarter increased 12 percent to $1 billion, $3.51 earnings per share (EPS), from $909 million ($3.07 EPS) a year ago, topping consensus estimates by seven cents a share. Sales increased 4 percent to $10.8 billion from $10.4…

Unmanned Systems

In Response To Flag Concerns, DoD Looks To Reduce Drone Prices, As Order for 30,000 Looms

The Pentagon is bargain shopping for Group 1 drones, as other countries, including Ukraine and China, have taken advantage of consumer electronics-level prices to bolster their stables. “In last spring’s […]

Pentagon

Amid Questions On Weapons Stockpiles, Caine Says U.S. Has ‘Sufficient’ Munitions For Iran Operation

Pentagon leaders on Wednesday sought to quell concerns over the rate at which the U.S. is employing critical munitions in its military strike campaign against Iran, with lawmakers also pressing […]

Congress

SASC Leaders Criticize Trump’s Defense Strategy, Press Colby On Policy Shifts

Senate Armed Services Committee (SASC) leadership on Tuesday criticized the Trump administration’s new National Defense Strategy (NDS) and pressed the Pentagon’s top policy official to explain the document’s priorities. SASC […]

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]