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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| General Dynamics Corporation | NYSE:GD | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.78 | 0.27% | 288.14 | 289.00 | 286.00 | 288.00 | 973,449 | 01:00:00 |
From May 2019 to May 2024
By Micah Maidenberg
Profit at General Dynamics Corp. (GD) increased 12% in the fourth quarter, as the defense contractor and jet maker saw gains in its combat-system business and marine-systems unit.
The company on Wednesday reported net income of $1.02 billion, or $3.51 a share, up from $909 million, or $3.07 a share, in the fourth quarter of 2018.
Sales rose about 4% from the year earlier to $10.77 billion. Analysts expected $10.65 billion in sales.
General Dynamics said sales from its combat systems segment, which develops vehicles, weapons systems and munitions for governments, rose 13% from the year earlier. The marine business, which creates products like nuclear-powered submarines, saw sales increase about 12%.
But sales in the company's information technology unit fell 15%, General Dynamics said.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
January 29, 2020 08:10 ET (13:10 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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