Major defense contractors report mostly flat sales

By Marjorie Censer / April 27, 2016 at 1:22 PM
Sales were mostly flat for some of the largest defense contractors during their most recent quarters, companies reported Wednesday. General Dynamics announced that revenue in its most recent quarter hit $7.7 billion, down less than 1 percent from the same three-month period the prior year. Profit too was largely unchanged. General Dynamics said it earned $717 million in quarterly profit, up from $716 million the prior year. GD’s marine systems business saw sales grow almost 10 percent in the quarter,...

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