General Dynamics posts $1.01B profit in Q2

GENERAL DYNAMICS Corp., the parent company of General Dynamics Electric Boat, posted a $1.01 billion profit in the second quarter, a 12% increase year over year, the aerospace and defense company said on Wednesday.  / COURTESY GENERAL DYNAMICS ELECTRIC BOAT

NORTH KINGSTOWN – General Dynamics Corp., the parent company of General Dynamics Electric Boat, posted a $1.01 billion profit in the second quarter, a 12% increase year over year, the aerospace and defense company said Wednesday.  Earnings per diluted share were $3.74 for the quarter, compared with $3.26 the year prior.  Quarterly revenue was $13.04

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