Gulfstream division holds General Dynamics to flat results

01/28/2010 | Wall Street Journal, The

General Dynamics on Wednesday reported level sales and profit for the fourth quarter as operating earnings at the company's Gulfstream division slid 37%, despite signs of recovery. CEO Jay Johnson acknowledged an "exceedingly difficult" year for business aviation, though Gulfstream showed fewer defaults and a net increase in its backlog for the fourth quarter.

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