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General Dynamics today reported 2009 third-quarter earnings
General Dynamics today reported 2009 third-quarter earnings
General Dynamics (NYSE: GD) today reported 2009 third-quarter earnings from continuing operations of $575 million, or $1.48 per share on a fully diluted basis, compared to 2008 third-quarter earnings from continuing operations of $634 million, or $1.59 per share fully diluted. Revenues rose to $7.7 billion in the quarter, an 8.1 percent increase over third-quarter 2008 revenues of $7.1 billion. Net earnings in the third quarter of 2009 were $572 million. Financial performance in the quarter was impacted by a previously announced five-week production furlough in July and August at the company’s Gulfstream Aerospace subsidiary, taken in response to global economic conditions.

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