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General Dynamics sees big savings from merging combat systems units

WASHINGTON (Reuters) - Citing waning demand, weapons maker General Dynamics Corp <GD.N> on Monday said it would consolidate its two combat systems businesses and close the Charlotte, North Carolina, headquarters of one of them by the end of 2013.Full story

U.S. arms makers boost earnings, shares surge

WASHINGTON (Reuters) - U.S. weapons makers reported higher-than-expected profit and improved margins for the first quarter, even as revenue began to taper off after more than a decade of sharp growth in U.S. military spending. Full story

General Dynamics blames fourth-quarter charges on lower government spending

WASHINGTON (Reuters) - The new chief executive of General Dynamics Corp <GD.N> said significant charges taken by the company in the fourth quarter of 2012 and a loss in the full year reflected contracting markets and a decline in government spending in the United States and overseas. Full story

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General Dynamics employees work on an Abrams battle tank during a tour of the Joint Systems Manufacturing Center, Lima Army Tank Plant, in Lima
General Dynamics employees work on an Abrams battle tank during a tour of the Joint Systems Manufacturing Center, Lima Army Tank Plant, in Lima

General Dynamics employees work on an Abrams battle tank during a tour of the Joint Systems Manufacturing Center, Lima Army Tank Plant, in Lima, Ohio, April 23, 2012. REUTERS/Matt Sullivan

General Dynamics employees work on a gun turret for an Abrams battle tank during a tour of the Joint Systems Manufacturing Center, Lima Army Tank Plant, in Lima
General Dynamics employees work on a gun turret for an Abrams battle tank during a tour of the Joint Systems Manufacturing Center, Lima Army Tank Plant, in Lima

General Dynamics employees work on a gun turret for an Abrams battle tank during a tour of the Joint Systems Manufacturing Center, Lima Army Tank Plant, in Lima, Ohio, April 23, 2012. REUTERS/Matt Sullivan