General Dynamics Corp
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Industrials : Aerospace & Defense | Large Cap Blend
Company profile

General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions, and technology products and services. The Company’s segments include Aerospace, Marine Systems, Combat Systems and Technologies. The Aerospace segment produces business jets and the standard bearer in aircraft repair, support and completion services. The Marine Systems segment designs and builds nuclear-powered submarines and offers in surface combatants and auxiliary ship design and construction for the United States Navy. The Combat Systems segment manufactures land combat solutions, including wheeled and tracked combat vehicles, weapons systems and munitions. The Technologies segment provides a spectrum of services, technologies and products to market that seeks solutions combining electronic hardware with specialized software.


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3.33 (1.47%)
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American Airlines trims loss, beats revenue estimate and share rise

7:13 am ET January 20, 2022 (MarketWatch)

American Airlines Group Inc. (AAL) said Thursday its fourth-quarter net loss narrowed to $931 million, or a loss of $1.44 a share, compared with a loss of $2.18 billion, or $3.81 a share in the year-ago quarter. The company's adjusted loss in the most recent quarter totaled $1.42 a share. Fourth-quarter revenue at the carrier rose to $9.43 billion from $4.03 billion. Analysts expected American Airlines to lose $1.46 a share on revenue of $9.34 billion. American said its fourth-quarter revenue fell 17% compared to the fourth quarter of 2019. For the first quarter American Airlines expects revenue to be down 20% to 22% from 2019 levels. American Airlines president and incoming CEO Robert Isom said the company's focus in 2022 will be on "running a reliable airline, returning to profitability, and delivering on our long-term plan to deleverage the balance sheet." Shares of American Airlines shares rose 1.7% in premarket trades.

-Steve Gelsi


(END) Dow Jones Newswires

January 20, 2022 07:13 ET (12:13 GMT)

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