General Dynamics profit falls 5.2% as pandemic delays Gulfstream deliveries [Reuters]
General Dynamics Corporation (GD)
Last general dynamics corporation earnings: 4/29 07:00 am
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Source: Reuters
General Dynamics profit falls 5.2% as pandemic delays Gulfstream deliveries April 29 (Reuters) - Defense contractor General Dynamics Corp posted a 5.2% fall in quarterly profit on Wednesday, as the COVID-19 pandemic delayed deliveries of its Gulfstream business jets, hitting sales at its aerospace unit. Net earnings fell to $706 million, or $2.43 per share, in the first quarter ended March 31, from $745 million, or $2.56 per share, a year earlier. Revenue fell 5.5% to $8.75 billion. (Reporting by Ashwini Raj and Sanjana Shivdas in Bengaluru; Editing by Krishna Chandra Eluri)
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