April 29, 2020 / 11:10 AM / a month ago

General Dynamics profit falls 5.2% as pandemic delays Gulfstream deliveries

April 29 (Reuters) - Defense contractor General Dynamics Corp posted a 5.2% fall in quarterly profit on Wednesday, as the COVID-19 pandemic delayed deliveries of its Gulfstream business jets, hitting sales at its aerospace unit.

Net earnings fell to $706 million, or $2.43 per share, in the first quarter ended March 31, from $745 million, or $2.56 per share, a year earlier.

Revenue fell 5.5% to $8.75 billion. (Reporting by Ashwini Raj and Sanjana Shivdas in Bengaluru; Editing by Krishna Chandra Eluri)

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