Companies
GD

General Dynamics profit falls 22.5% on lower aerospace sales

Defense contractor General Dynamics Corp posted a 22.5% fall in quarterly profit on Wednesday, hurt by lower sales in its aerospace and information technology units.

July 29 (Reuters) - Defense contractor General Dynamics Corp GD.N posted a 22.5% fall in quarterly profit on Wednesday, hurt by lower sales in its aerospace and information technology units.

Net earnings fell to $625 million, or $2.18 per share, in the second quarter ended June 28, from $806 million, or $2.77 per share, a year earlier.

Revenue fell 3% to $9.26 billion.

(Reporting by Sanjana Shivdas in Bengaluru; Editing by Amy Caren Daniel)

((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

GD

Other Topics

US Markets

Latest Companies Videos

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More