Skip to main content
Tags: General Dynamics

Marine, Aero Sales Boost General Dynamics Profits

General Dynamics' F-16 Fighting Falcons
General Dynamics' F-16 Fighting Falcons. (AP)

Wednesday, 27 October 2021 07:30 AM EDT

Defense contractor General Dynamics Corp posted a 3% rise in third-quarter profit on Wednesday, boosted by higher sales in its marine systems and aerospace units.

Business aviation has picked up from pandemic lows as easing travel curbs and the lure of private flights fills order books for new corporate aircraft.

The results come a day after Raytheon Technologies raised its forecast for full-year adjusted profit on encouraging signs in the commercial air travel space.

Sales in marine systems, which makes nuclear-powered submarines and surface ships for the U.S. Navy, rose 9.6% to $2.64 billion, while aerospace sales rose 4.6% to $2.07 billion.

The company delivered 31 Gulfstream jets versus 32 a year ago, but signaled strong order activity for its business jets.

General Dynamics earlier this month announced two new jets, with its larger Gulfstream G800 set to clash with Bombardier Inc's Global 7500 and Dassault Aviation SA's 10X.

Net earnings rose to $860 million, or $3.07 per share, in the quarter ended Oct. 3, from $834 million, or $2.90 per share, a year earlier. Revenue rose 1.5% to $9.57 billion.

© 2025 Thomson/Reuters. All rights reserved.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.

StreetTalk
Defense contractor General Dynamics Corp posted a 3% rise in third-quarter profit on Wednesday, boosted by higher sales in its marine systems and aerospace units.Business aviation has picked up from pandemic lows as easing travel curbs and the lure of private flights fills...
General Dynamics
181
2021-30-27
Wednesday, 27 October 2021 07:30 AM
Newsmax Media, Inc.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© 2025 Newsmax Media, Inc.
All Rights Reserved
Download the Newsmax App
NEWSMAX.COM
America's News Page
© 2025 Newsmax Media, Inc.
All Rights Reserved