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General Dynamics Corporation (NYSE: GD ) reported higher revenue and profit for the fourth quarter of 2022 as the company also registered strong backlog growth.
Net profit rose to $992 million or $3.58 per share in the final three months of 2022 from $952 million or $3.39 per share in the same period last year.
“We enjoyed a strong fourth quarter, closing out a good 2022. We had good backlog growth, with strong demand at Gulfstream. Operating performance was solid, led by excellent execution in Combat Systems. We also have another cash year ahead that’s strong,” said Phebe Novakovic, executive director of General Dynamics.
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