General Dynamics Forecasts $40.7 Billion In 2020 Revenue
January 29 2020 - 11:09AM
Dow Jones News
By Micah Maidenberg
The chief executive of General Dynamics Corp. (GD) said the
company expects to generate a bit more than $40.7 billion in
revenue in 2020, up 4% from last year.
Phebe Novakovic, CEO of the defense contractor and aerospace
company, also told analysts that General Dynamics believes it will
earn a profit of $12.55 to $12.60 a share in 2020.
The company reported a profit of $3.48 billion, or $11.98 a
share, on $39.35 billion in revenue in 2019.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
January 29, 2020 10:54 ET (15:54 GMT)
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