General Dynamics Reports 32% Earnings Increase

General Dynamics has reported a 32% increase in first quarter earnings, mainly generated by sales of armoured vehicles and tanks.

The company says it earned US$572m, up from US$434m for the same period last year.

Total sales at the firm increased 11 percent to US$7bn.

Sales in the combat division rose more than 27 percent to US$1.99bn during the first quarter, but information systems and technology sales dropped 1.3 percent to US$2.35bn.

By staff writer