General Dynamics has seen 'most painful' impact of COVID-19 in European IT program

By Marjorie Censer / July 29, 2020 at 10:09 AM
General Dynamics reported a $40 million charge in a program at its information technology business in its most recent quarter because the company is unable to get its employees to the European worksite, according to its chief executive. In a call with analysts this morning, Phebe Novakovic said the ongoing pandemic has had the "most significant impact" at General Dynamics Information Technology. She pointed to a particular pain point in the legacy CSRA contract in Europe. "We can't get our...

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