Revenue at General Dynamics totalled USD9.6 billion in the third quarter of 2021, up 1.5% from the same period last year, the US defence and aerospace company announced on 27 October.
Revenue gains in the Aerospace and Marine Systems segments of 4.6% and 9.6%, respectively, more than offset declines of 3.1% at Combat Systems and 4% at Technologies, General Dynamics said.
Net earnings at General Dynamics grew 3.1% to USD860 million in the third quarter.
Sales at Raytheon Technologies Corporation rose 10% to USD16.2 billion in the third quarter fuelled by continued defence growth and the continued recovery of commercial aviation, the US company announced on 27 October.
At Raytheon's business segments, sales grew 7% at Collins Aerospace, 35% at Pratt & Whitney, and 5% at Raytheon Missiles & Defense. Sales were flat at Raytheon Intelligence & Space.
Raytheon's net income totalled USD1.4 billion in the third quarter, compared with USD151 million in the same period last year.
Looking to read the full article?
Gain unlimited access to Janes news and more...
