General Dynamics reported 2002 fourth quarter earnings from continuing operations of $269 million, $1.33 per share on a fully diluted basis, on sales of $3.9 billion. This included a pretax gain of $36 million from the sale of certain space propulsion assets of its munitions business in the quarter. In the fourth quarter of 2001, earnings from continuing operations were $251 million, $1.23 per share, on sales of $3.5 billion. The quarter ended on December 31, 2002. In the fourth quarter, the company made a decision to exit its undersea fiberoptic cable-laying business, which had been part of the Information Systems and Technology group since 1998.
