General Dynamics reports fourth quarter 2010 results

Defence company General Dynamics has reported 2010 fourth-quarter earnings from continuing operations totalling $729m (£458.7m), or $1.91 per share on a fully diluted basis, compared to 2009 fourth-quarter earnings from continuing operations of $618m, or $1.58 per share fully diluted.

Full-year 2010 earnings from continuing operations were $2.63bn, or $6.82 per share on a fully diluted basis, compared to $2.41bn and $6.20 per share, respectively, for 2009.

Revenue was $8.6bn in the fourth quarter and $32.5bn for the full year.