Originally published at www.seclive.com
General Dynamics Corp. (GD) announced its results for the fourth quarter and full fiscal year 2013, reporting quarterly earnings that beat expectations. The company, which makes U.S. Navy warships, Gulfstream business jets, and other defense technology, reported fourth quarter earnings from continuing operations of $624M and $1.76 per share. General Dynamics posted revenues of $8.1B, beating analyst expectations of $7.99B. The company's full-year earnings from continuing operations were $2.5B and $7.03 per share, on revenue that slightly declined to $31.2B. Phebe Novakovic, General Dynamics Chairman and CEO, commented that the company performed well and maintained focus on operations and expense management, as well as managing the business smartly in a more stringent defense spending environment.
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