Defense contractors report boosts in profit

By Marjorie Censer / July 27, 2016 at 12:59 PM
Some of the largest defense contractors said Wednesday that profits grew in their most recent quarter. Sales were largely flat, or slightly down. General Dynamics, for instance, announced sales in its most recent quarter hit $7.7 billion, down nearly 3 percent from the same period a year earlier. However, profit increased close to 1 percent to reach $758 million. The company’s information systems and technology business was the only General Dynamics unit to post improvements in its sales and profit...

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