General Dynamics' profit dips despite growing defense sales

10/28/2009 | Houston Chronicle (tiered subscription model)

Weak demand for business jets helped drag down third-quarter profit at General Dynamics by almost 10%, even as gains in defense-related sales led the company to increase its full-year profit forecast. A plunge in deliveries of Gulfstream jets led to a 55.5% drop in operating profit for the Gulfstream Aerospace division, while combat systems, military vehicles and information systems all experienced sales growth.

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