General Dynamics Corp

GD: XNYS (USA)
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General Dynamics Earnings: Business Jet and Submarine Manufacturing Improve; Shares 5% Undervalued

Revenue grew 9% year over year to $13 billion, while operating profit rose 13% to $1.3 billion. Submarine construction and timing, in particular, boosted revenue growth, with marine top line up 22%. Deliveries of G700 business jets drove 26% growth in aerospace operating profit to $400 million.

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