Saudi men are seen at General Dynamics stand displaying the latest defence system at World Defense Show in Riyadh, Saudi Arabia, March 6, 2022.
REUTERS/Ahmed Yosri/File Photo Acquire Licensing RightsOct 25 (Reuters) - U.S. defense contractor General Dynamics (GD.N) beat Wall Street estimates on Wednesday, as buoyant military equipment demand helped overcome higher operating expenses.
General Dynamics-manufactured weapons systems, munitions, and combat vehicles such as Abrams tanks have been essential to Ukraine's operations.
UAW members at the company make highly profitable military vehicles, including tanks and light armored vehicles, according to the union.
General Dynamics joined peer defense contractors Lockheed Martin (LMT.N) and RTX (RTX.N) to report better-than-expected quarterly results.
Persons:
Ahmed Yosri, Abrams, Lockheed Martin, Pratyush Thakur, Krishna Chandra
Organizations:
General Dynamics, Defense, REUTERS, Dynamics, Pentagon, United Auto Workers, UAW, Gulfstream, Thomson
Locations:
Riyadh, Saudi Arabia, Reston , Virginia, Ukraine, Bengaluru