General Dynamics sees very good year in 2011-CEO

NEW YORK, Dec 2 (BestGrowthStock) – General Dynamics Corp (GD.N: )
expects another “very good year” in terms of revenue and
earnings in 2011, the company’s chief executive said on
Thursday.

The company expects flat defense spending in coming years,
or possibly small declines, but does not foresee the kind of
“precipitous” declines seen in early downturns, Chief Executive
Jay Johnson told an investor conference hosted by Credit Suisse
and Aviation Week.

Johnson said General Dynamics was well-positioned for the
changing defense market, and expected very robust, steady
orders in its shipbuilding business in coming years.

(Editing by Richard Chang)

General Dynamics sees very good year in 2011-CEO