General Dynamics reports $799M Q1 profit

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GENERAL DYNAMICS credited work on the Virginia Class submarine as one of the reasons its first-quarter revenue increased this year. / COURTESY ELECTRIC BOAT
GENERAL DYNAMICS credited work on the Virginia Class submarine as one of the reasons its first-quarter revenue increased this year. / COURTESY ELECTRIC BOAT
NORTH KINGSTOWN – General Dynamics, parent organization of Electric Boat Corp., reported earnings of $799 million for the first quarter of 2018 on Thursday. The company’s profit represented an increase of 4.7 percent year over year from $763 million one year prior. Revenue for the quarter totaled $7.5 billion, a 1.3 percent increase from the…

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