General Dynamics aims to continue strong record of job creation
Last year saw earnings for defense contractor General Dynamics fall roughly 3 percent as compared to figures from the year prior, Reuters reports.
But Jay Johnson, chief executive of the Falls Church, Virginia-based firm, predicted that this year will see per-share earnings rise from $7.10 to $7.20 as a consequence of healthy demand for Gulfstream aircraft and strong orders issued of its businesses for defense.
"We are doing everything in our control to position our defense businesses for the declining budget headwind, including continuous improvement initiatives, restructuring, divesting non-core businesses, and headcount reductions," Johnson said.
The company's aerospace division performed very strongly and is projected to be an asset to the company, whose products and work typically create opportunities for intelligence jobs that are filled by personnel equipped with security clearance as required under NISPOM.
The manufacturer of ships, tanks and jets indicated earning dropped 17 percent for the fourth quarter.
General Dynamics maintains interests throughout the world as it serves customers in the government and commercial sectors in more than 40 nations dispersed among six continents.