Buoyed by acquisitions, General Dynamics and Northrop Grumman report sales boosts

By Marjorie Censer / July 25, 2018 at 1:06 PM
General Dynamics and Northrop Grumman, with new acquisitions under their belts, today reported sales increases during their most recent quarters. General Dynamics said sales during its most recent quarter hit $9.2 billion, up nearly 20 percent from the same three-month period a year earlier. The contractor's quarterly profit reached $786 million, up about 5 percent from the prior year. Sales were boosted by General Dynamics' acquisition of CSRA . General Dynamics Information Technology, which now includes CSRA, posted $2.4 billion...

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