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Holly LaFon
Holly LaFon
Articles (8475) 

Bernard Horn Comments on General Dynamics

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April 16, 2018 | About:
In industrials, General Dynamics’ (NYSE:GD) earnings call highlighted backlog in its defense business and strong order intake from Gulfstream. These were critical metrics showing accelerated industry demand after nearly two years of stagnant sales/orders. During the quarter, GD announced the acquisition of IT contractor CSRA for $9.7 billion. According to big data analytics firm Govini, the post-merger combination of GD and CSRA will supplant market leader Leidos as the U.S. government’s largest IT provider.

From Bernard Horn (Trades, Portfolio)'s first quarter 2018 shareholder letter.


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