General Dynamics has reported a fourth quarter profit of 42 percent on the same period last year, with full-year profit up 12.9 percent.

Driven by high sales of combat vehicles to the US Army and corporate jets, quarterly profit rose to US$570m from US$408m in the same period last year.

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Sales revenue increased 15 percent to US$7.52bn, due to high demand for equipment to supply troops in Afghanistan and Iraq.

Combat division revenue rose 46 percent to US$2.6bn.

Yearly profit rose to US$2.1bn, up from US$1.86bn.

By Elizabeth Clifford-Marsh

GlobalData Strategic Intelligence

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Army Technology Excellence Awards - Nominations Closed

Nominations are now closed for the Army Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact across the defence sector.

Excellence in Action
SignalGeneriX has won the Autonomous Technology Innovation Award for its LOTUS AI Mission Computer -a compact, rugged edge AI platform delivering up to 100 TOPS for ISR, EW, robotics and autonomous systems. Discover how LOTUS is redefining real-time decision-making and autonomy across demanding defence missions.

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