General Dynamics, Northrop Grumman report sales improvements

By Marjorie Censer / October 24, 2018 at 1:26 PM
Buoyed by acquisitions, both General Dynamics and Northrop Grumman said they saw sales and profit boosts during their most recent quarter. General Dynamics said today sales in its most recent quarter reached $9.1 billion, up 20 percent from the same three-month period a year earlier. The company's quarterly profit hit $851 million, up 11 percent from the prior year. Sales were buoyed by GD's acquisition of CSRA; the company's IT unit, which absorbed CSRA, posted a 116 percent boost to...

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