General Dynamics reports 16 percent profit increase
- October 22, 2008
Falls Church defense contractor General Dynamics reported its third-quarter earnings increased 16 percent because of sales in its shipbuilding and information technology segments.
The company reported $634 million in earnings, compared with $546 million during the same timeframe last year.
Sales increased 4.5 percent to $7.1 billion. The biggest boost for sales came from a 12 percent increase in sales for its shipbuilding segment.