First-quarter revenue increased 14% year-over-year to $12.2 billion, with strong contributions from the Aerospace segment. The operating margin was 10.4%, up 70 basis points from the year-ago quarter.
Net income increased to $944 million or $3.66 per share in the March quarter from $799 million or $2.88 per share in the year-ago quarter.
“The Aerospace segment saw a significant increase in profitability, reflecting the manufacturing efficiencies associated with reaching higher levels of production on our new aircraft models,” said Phebe Novakovic, CEO of General Dynamics.
ADVERTISEMENT
