GD Reports Solid 1Q Results

Wednesday, April 17, 2002
General Dynamics reported first quarter 2002 net earnings of $229 million, or $1.13 per share on a fully diluted basis, on sales of $3.1 billion. For the first quarter of 2001, earnings were $212 million, or $1.05 per share, on sales of $2.7 billion, excluding a non-recurring gain of $28 million, or 14 cents per share, from a tax-related adjustment. The quarter ended on March 31. "This was a good first quarter, marked by especially strong performance by our Information Systems and Technology group. We expect solid results to continue throughout the year," said Nicholas D. Chabraja, General Dynamics chairman and CEO. "New orders of almost $3 billion in the quarter - including a significant contribution from our Aerospace group -- kept the backlog strong. We ended the first quarter of 2002 with a funded backlog of $20.7 billion, and a total backlog of $26.5 billion," Chabraja said.
Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Royal IHC Congratulates the King in a Special Way

  Royal IHC is very honored to be part of the program on the King’s Birthday. Among other activities, the King and his family will be viewing a ‘Grande

Falklands' Oil Drilling at Isobel Deep Suspended

Oil explorers drilling in the waters north of the Falkland Islands have suspended work on the second well of their 2015 current six-well drilling campaign after a technical problem.

Arctic Nations to Fight Climate Change Despite Russia Tensions

The eight Arctic Council nations pledged on Friday to do more to combat climate change that is shrinking the vast frigid region, with countries trying to put

Finance

Golden Ocean Reshuffles Fleet, Delays Newbuilds

Golden Ocean Group Limited has entered into several agreements concerning its fleet. Golden Ocean has agreed with Ship Finance International Ltd ("Ship Finance")

Norwegian Car Carriers to Buy Two from Hyundai Samho

Oslo-listed Norwegian Car Carriers (NOCC) has signed a contract with Hyundai Samho Heavy Industries for the construction of two 6500 ceu Pure Car Truck Carrier (OCTCs).

Long Beach, Los Angeles ports host forum to gather input

More than 100 cargo owners, trucking firm leaders, longshore labor, marine terminals and other goods movement industry representatives turned out Wednesday for

 
 
Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2405 sec (4 req/sec)