About 1,800 of General Dynamics' roughly 100,000 employees have come down with COVID-19 and about 1,500 are "fully recovered and back to work," according to the company's chief executive.
In a call with analysts today, Phebe Novakovic said the pandemic "remains an issue," but the company has seen lower rates of illness in its facilities than in the surrounding local areas.
The contractor today reported quarterly sales of $9.4 billion, down about 3% from the same three-month period a year earlier. General Dynamics said quarterly profit totaled $834 million, down almost 9% from the prior year.
The company saw the steepest sales and profit declines in its aerospace business. General Dynamics Information Technology was the only other business to report a drop in quarterly sales. Quarterly profit was flat at GDIT.
Novakovic also said the company has undertaken some "portfolio shaping" in its mission systems business to focus it.
Meanwhile, Boeing said today sales during its most recent quarter in its defense group totaled $6.8 billion, down about 2% from the same three-month period a year earlier.
The unit's quarterly profit hit $628 million, down 17% from the prior year.
In a call with analysts today, Dave Calhoun, Boeing's CEO, said the defense business "continues to provide critical stability" for the company, which has seen its commercial aerospace business jolted by the COVID-19 pandemic.
However, the company also announced another $67 million KC-46 tanker charge, bringing its out-of-pocket costs for the program to nearly $4.8 billion.