December 4, 2008 Ticker: GD General Dynamics Corporation is a market leader in business aviation; land and expeditionary combat vehicles and systems, armaments, and munitions; shipbuilding and marine systems; and mission-critical information systems and technologies. The company operates through four segments: Aerospace, Combat Systems, Marine Systems and Information Systems and Technology (More from Reuters) In the News GD was in the news recently announcing that The U.S. Navy has awarded General Dynamics Advanced Information Systems a $52 million contract modification. Also, on December 2nd the Associated Press reported that General Dynamics's Bath Iron Works received an additional $45.8 million contract from the Navy to provide more services on the Zumwalt class destroyer program. Dividend Declaration General Dynamics announced that it has declared a regular quarterly dividend of $0.35 per share, payable on February 6, 2009, to shareholders of record at the close of business on January 16, 2009. Earnings Actual (USD) Estimates (USD) Surprise Q3 2008 1.59 1.51 0.08(5.30%) Q2 2008 1.60 1.44 0.16(11.19%) Q1 2008 1.42 1.29 0.13(9.74%) The company has exceeded analysts' earnings expectations in 14 out of the past 16 quarters. Earnings per share are projected to grow 10% over the next 5 years. GD reported 3rd quarter 2008 Cash flow per share of USD 2.16 on 10/22/08 – the estimates for FY 2008 are at $7.41. GD's margins are in a decent shape – with the gross margin at 16.85%. With an operating margin of 12.38% - GD controls its costs and expenses better than 81% of its peers in the Aerospace & Defense industry. The Return on Equity for GD at 21.06% indicates that it reinvests its earnings more efficiently than 76% of its competitors. Also, GD's EPS Growth Rate is greater than 63% of its peers in the Aerospace & Defense industry
The Dynamics of General Dynamics
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