logo
General Dynamics quarterly profit rises on higher jet deliveries

General Dynamics quarterly profit rises on higher jet deliveries

Reuters23-07-2025
July 23 (Reuters) - General Dynamics (GD.N), opens new tab on Wednesday second-quarter profit rose nearly 15% on the back of stronger business jet deliveries, sending the company's shares up 1.7% before the bell.
The Gulfstream jet maker's quarterly profit came in at $3.74 per share, compared with $3.26 per share a year ago.
General Dynamic's aerospace segment continues to recover from supply chain woes and longer certification times, and was able to ramp up deliveries during the quarter ended June 29.
The segment's aircraft deliveries hit 38 in the second quarter, compared with 37 in the same period a year ago.
In the first quarter, the company delivered 36 Gulfstream jets.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump says US does very little business with India, almost none with Russia
Trump says US does very little business with India, almost none with Russia

Reuters

time26 minutes ago

  • Reuters

Trump says US does very little business with India, almost none with Russia

July 31 (Reuters) - U.S. President Donald Trump said that the United States has done very little business with India, and that Russia and the U.S. do almost no business together. "I don't care what India does with Russia", he said in a Truth Social post on Thursday, adding that "they can take their dead economies down together, for all I care". In an earlier Truth Social post on Wednesday Trump talked about India's trade with Russia when announcing the U.S. would impose a 25% tariff on goods imported from India starting on Friday. In response to the earlier Truth Social post, the Indian government said it was studying the implications of Trump's announcements and remained dedicated to securing a fair trade deal. Trump said that India has always bought a vast majority of their military equipment and energy from Russia, which was "not good".

Unilever's India arm posts higher quarterly profit on rural demand recovery
Unilever's India arm posts higher quarterly profit on rural demand recovery

Reuters

time29 minutes ago

  • Reuters

Unilever's India arm posts higher quarterly profit on rural demand recovery

July 31 (Reuters) - Indian consumer goods maker Hindustan Unilever ( opens new tab reported a nearly 8% increase in quarterly profit on Thursday, lifted by an ongoing recovery in rural markets. The Indian unit of UK's Unilever (ULVR.L), opens new tab, home to the Dove and Surf Excel brands, said its profit rose to 27.32 billion rupees ($311.8 million) for the first quarter ended June 30, from 25.38 billion rupees a year earlier. Rural areas, which account for just over a third of overall consumer goods sales, have become a bright spot for an industry that is struggling with higher living costs and slow wage growth in large cities. For Hindustan Unilever, revenue climbed 4% to 157.47 billion rupees, helped by growth in its home care as well as beauty and wellness businesses. Shares in Hindustan Unilever were up marginally after the results. ($1 = 87.6300 Indian rupees)

Macy's rival sells 119 stores
Macy's rival sells 119 stores

Daily Mail​

time29 minutes ago

  • Daily Mail​

Macy's rival sells 119 stores

JCPenney, the 123-year-old department store chain, is selling 119 stores to a private equity firm. Profits from the $947 million sale to Onyx, set to close on September 8, will be used to pay off debts. The 119 stores are spread across 35 states and Puerto Rico — with Texas having the most affected locations. Scroll down for the full list. Their future remains uncertain, though for now they remain open. JCPenney filed for bankruptcy protection in 2020, during which it shut 30 percent of its locations to take the total to 650. Earlier this year, it shut another seven stores — part of what experts say will be a wave of 15,000-store shutter this year. Major retail chains including Macy's, Party City, and Big Lots have cut stores in the past 18 months as shoppers shift online. JCPenney's decline accelerated during the pandemic but it had been the rise of online shopping that was the root of its problems. After filing for bankruptcy, its stores, warehouses and HQ were split across two companies. Mall owners Brookfield Asset Management and Simon Property Group took over the core JCPenney business and 490 of its stores. Copper Property, a trust formed by JCPenney lenders, took control of 160 stores and six distribution centers, including those in the 119-store sale. Beyond store closures, JCPenney is also cutting jobs by shutting down a warehouse in Texas, which employs around 300 people. 'The stores were sold as part of the bankruptcy agreement which stated real estate assets had to be sold off to help reimburse investors,' retail expert Neil Saunders of GlobalData told Daily Mail. In January, JCPenney announced it was merging with mall staples like Aéropostale, Brooks Brothers, and Eddie Bauer under a new umbrella called Catalyst Brands. The newly formed group is being led by JCPenney's former CEO Marc Rosen. Retail analysts told they're cautiously optimistic about the future of the retailer. 'JCPenney is midway through a reinvention,' Saunders added. 'There are some signs of success, but they're patchy. The challenge is pulling them together to drive growth.' JCPenney rival Macy's is shutting 150 stores by 2026, leaving only 350 locations left. Last year it shut the first 66 stores this year, including its iconic 51-year-old Massapequa store. Torrid, a once-popular plus-size fashion chain abruptly closed up to 180 stores following a massive sales decline. Meanwhile, Forever 21 ended its 41-year run after filing for bankruptcy twice in five years. JCPenney stores being sold Arkansas The Mall at Turtle Creek, Jonesboro Shackleford Crossing, Little Rock Arizona Arrowhead Towne Center, Glendale Superstition Springs Mall, Mesa Yuma Palms Regional Center, Yuma Palm Valley Cornerstone, Goodyear California Solano Town Center, Fairfield Westfield Plaza Bonita, National City Glendale Galleria, Glendale Huntington Park CBD, Huntington ParK Westfield Santa Anita, Arcadia Plaza at West Covina, West Covina Galleria at Tyler, Riverside Westfield Palm Desert, Palm Desert Westfield North County, Escondido The Shops at Montebello, Montebello Valley Plaza, Bakersfield Antelope Valley Mall, Palmdale Arden Fair Mall, Sacramento Brea Mall, Brea Pacific View Mall, Ventura Northridge Fashion Center, Northridge Imperial Valley Mall, El Centro Victoria Gardens, Rancho Cucamonga The Orchard at Slatten Ranch, Antioch Colorado Town Center at Aurora, Aurora First & Main Town Center, Colorado Springs Connecticut The Shoppes at Buckland Hills, Manchester Westfarms Mall, Farmington Danbury Fair, Danbury Florida Westfield Brandon, Brandon Westfield Countryside, Clearwater Westfield Broward, Plantation Pembroke Lakes Mall, Pembroke Pines The Mall at Wellington Green, Wellington Pier Park, Panama City Beach Georgia South Point S/C, Mcdonough Iowa Coral Ridge Mall, Coralville Idaho Boise Towne Square, Boise Illinois Orland Square, Orland Park North Riverside Park Mall, North Riverside Hawthorn S/C, Vernon Hills Oakridge Court, Algonquin Mokena Marketplace, Mokena Indiana Hamilton Town Center, Noblesville Kansas Oak Park Mall, Overland Park Kentucky Florence Mall, Florence Ashland Town Center, Ashland Louisiana Mall of Louisiana, Baton Rouge Massachusetts Northshore Mall, Peabody Maryland White Marsh Mall, Baltimore St Charles Town Center, Waldorf Michigan Oakland Mall, Troy Lakeside Mall, Sterling Heights Twelve Oaks Mall, Novi Grand Traverse Mall, Traverse City Rivertown Crossings, Grandville Waterside Marketplace, Chesterfield Township Minnesota Rosedale S/C, Roseville Missouri Mid Rivers Mall, St Peters The Plaza at Shoal Creek, Kansas City Mississippi Southaven Towne Center, Southhaven North Carolina The Streets at Southpoint, Durham New Hampshire The Mall at Rockingham Park, Salem New Jersey Rockaway Townsquare, Rockaway Woodbridge Center, Woodbridge Newport Centre, Jersey City Freehold Raceway Mall, Freehold New Mexico Coronado Center, Albuquerque Cottonwood Mall, Albuquerque Nevada Meadowood Mall, Reno Meadows Mall, Las Vegas Galleria at Sunset, Henderson New York Gateway Shopping Center I & II, Brooklyn Staten Island Mall, Staten Island The Mall at Bay Plaza, Bronx Ohio SouthPark Center, Strongsville The Mall at Tuttle Crossing, Dublin Polaris Fashion Place, Columbus The Shops at Fallen Timbers, Maumee Stone Creek Towne Center, Colerain Township Oklahoma Center Owasso, Owasso Penn Square Mall, Oklahoma City Shops at Moore, Moore Oregon Clackamas Town Center, Portland (Happy Valley) Pennsylvania Westmoreland Mall, Greensburg The Mall at Robinson T/C, Pittsburgh High Pointe Commons, Harrisburg Puerto Rico Mayaguez Mall, Mayaguez Plaza Centro, Caguas Tennessee Wolfchase Galleria, Memphis Stones River Mall, Murfreesboro Texas Mall Del Norte, Laredo Golden Triangle Mall, Denton Midland Park Mall, Midland Killeen Mall, Killeen Valle Vista Mall, Harlingen Post Oak Mall, College Station New Braunfels T/C at Creekside, New Braunfels The Parks at Arlington, Arlington Lakeline Mall, Cedar Park First Colony Mall, Sugarland Deerbrook Mall, Humble Sunrise Mall, Brownsville Baybrook Mall, Friendswood Fairmont Center, Pasadena Southpark Meadows S/C, Austin Alliance Town Center, Fort Worth Waxahachie Towne Center Crossing, Waxahachie El Mercado Plaza, El Paso Sherman Town Center, Sherman Teas Crossing, Conroe The Shops at Stone Park, Houston Virginia Southpark Mall, Colonial Heights Peninsula Town Center, Hampton Washington Bellis Fair, Bellingham Wisconsin Fox River Mall, Appleton

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store