General Dynamics is a global aerospace and defense company that provides a wide range of products and services to customers in the government and commercial sectors. The company operates through several business segments, including aerospace, combat systems, information technology, and marine systems. General Dynamics is known for its advanced technology and innovation, delivering military vehicles, submarines, aircraft, and cybersecurity solutions, among others. The company plays a critical role in supporting national security and defense initiatives while also catering to commercial needs through its various divisions.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how General Dynamics (NYSE:GD) and the rest of the defense contractors stocks fared in Q3.
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Aerospace and defense company General Dynamics (NYSE:GD) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 10.4% year on year to $11.67 billion. Its GAAP profit of $3.35 per share was 4.6% below analysts’ consensus estimates.
