General Dynamics reports $730M profit in Q1

PBN Staff

04/27/2022

GENERAL DYNAMICS CORP.'S Marine Systems segment, which includes General Dynamics Electric Boat in North Kingstown, reported $2.6 billion in revenue for the first quarter of 2022, a 6.8% increase year over year. / COURTESY GENERAL DYNAMICS ELECTRIC BOAT

NORTH KINGSTOWN – General Dynamics Corp. logged a $730 million profit in the first quarter of 2022, a 3.1% increase year over year, the aerospace and defense company said on Wednesday. Earnings per diluted share were $2.61 for the quarter, compared with $2.48 one year prior. The results topped Wall Street expectations. The average estimate…

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