General Dynamics nets $2.9B in 2017

IN ITS YEAR-END SEC report, General Dynamics highlighted its Marine Division's work on both the Virginia-class submarine, pictured above, and its work on the Columbia-class submarine as major projects. / COURTESY ELECTRIC BOAT
IN ITS YEAR-END SEC report, General Dynamics highlighted its Marine Division's work on both the Virginia-class submarine, pictured above, and its work on the Columbia-class submarine as major projects. / COURTESY ELECTRIC BOAT
PROVIDENCE – General Dynamics Corp. reported 2017 net income of $2.9 billion, a year-over-year increase of 13.2 percent, on revenue of $31 billion, a 1.3 percent gain over the year. Diluted earnings per share for the year were $9.56, an increase from $8.26 in 2016. The company’s Marine Systems segment, which includes Electric Boat, reported…
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