Santa Barbara Sistemas News

General Dynamics reported 2001 third quarter net earnings of $230 million, or $1.13 per share fully diluted, on sales of $3 billion. This is an 11 percent per share increase over the third quarter of 2000, when net earnings were $204 million, or $1.02 per share, on sales of $2.5 billion, before consideration of a non-recurring tax-related gain of $90 million in the third quarter of 2000. Cash flow from operations from the 2001 third quarter was $330 million. The quarter ended on September 30, 2001. For the first nine months of 2001, sales were $8.7 billion, compared with $7.7 billion for the first nine months of 2000. Net earnings for the first nine months of 2001 were $669 million…

General Dynamics reported 2001 fourth quarter net earnings of $246 million, $1.21 per share on a fully diluted basis, on sales of $3.5 billion. This represents an 11 percent earnings per share increase over the fourth quarter of 2000, when net earnings were $219 million, $1.09 per share, on sales of $2.7 billion. The quarter ended on December 31, 2001. Full year 2001 net earnings on a recurring basis were $915 million, $4.51 per fully diluted share, on sales of $12.2 billion. This is a 12 percent per share increase over 2000 earnings of $811 million on a recurring basis, $4.03 per fully diluted share, on sales of $10.4 billion. Including favorable…

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.