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General Dynamics, Raytheon post Q3 gains

Revenue at General Dynamics totalled USD9.6 billion in the third quarter of 2021, up 1.5% from the same period last year, the US defence and aerospace company announced on 27 October.

Revenue gains in the Aerospace and Marine Systems segments of 4.6% and 9.6%, respectively, more than offset declines of 3.1% at Combat Systems and 4% at Technologies, General Dynamics said.

Net earnings at General Dynamics grew 3.1% to USD860 million in the third quarter.

Sales at Raytheon Technologies Corporation rose 10% to USD16.2 billion in the third quarter fuelled by continued defence growth and the continued recovery of commercial aviation, the US company announced on 27 October.

At Raytheon's business segments, sales grew 7% at Collins Aerospace, 35% at Pratt & Whitney, and 5% at Raytheon Missiles & Defense. Sales were flat at Raytheon Intelligence & Space.

Raytheon's net income totalled USD1.4 billion in the third quarter, compared with USD151 million in the same period last year.

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