General Dynamics Beats Estimates on Jet and Marine Bookings
General Dynamics reported a third-quarter profit and revenue beat driven by robust demand for Gulfstream jets and shipbuilding units. Total revenue rose nearly thirteen percent to fourteen billion dollars.
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General Dynamics Corp posted third-quarter profit of $4.49 per share on Friday morning, beating Wall Street expectations of $4.13. Strong demand for Gulfstream business jets and marine programs drove the aerospace and defense contractor's performance. Total revenue rose 13% to $14.57 billion, topping the $13.73 billion consensus estimate.
