General Dynamics Projects 2019 CapEx to Rise to $1.2B Driven by Submarine Programs

12 Feb 2019

Maritime Industry

A new report by consulting firm McAleese & Associates says General Dynamics (NYSE: GD) posted $36.2B in full-year 2018 sales, up 17 percent from the previous year.

Jim McAleese, founder and principal at McAleese & Associates and a 2019 Wash100 winner, wrote in the report that the increase was primarily driven by $3.7B in new sales associated with the company’s acquisition of CSRA in April.

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