General Dynamics CFO: 'We like where we are right now'

As other prime contractors divest their IT services businesses, General Dynamics sees "no compelling reason" to do the same, the contractor's chief financial officer said at a conference today.

"It's clearly been a dynamic sector of the environment," Jason Aiken said of IT services at a Barclays conference in Miami Beach, FL.

Lockheed Martin, for instance, announced earlier this year it would spin off its IT services unit and combine it with Leidos, while L-3 Communications sold its services business to CACI International.

But General Dynamics, Aiken said, sees the company's information systems and technology unit as a business "that's of scale" and as "lean as they can be."

"It's a tremendous cash-generation engine," he said. "And it's a low level [of] invested capital."

"We like what it does to our portfolio," Aiken added. "We like where we are right now."