Oct 31st 2012 - Edison Investment Research today published a report on Industrials entitled "Aero Provides Relief". In summary, the report says:
General Dynamics’ (GD) Q3 results demonstrated the benefits of the group’s exposure to commercial aerospace through Gulfstream, while defence-related divisions are positioning themselves for the long term while maintaining short-term capability. GD has been making small acquisitions even ahead of clarity on sequestration, as management has taken the opportunity to strengthen the group for the long term while picking up assets at a competitive price. With entry into service of the Gulfstream G650 scheduled within the next few weeks, Aerospace continues to be the bright spot, while the defence businesses are focused on operational performance, right sizing and international opportunities.
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