General Dynamics faces business jet headwinds, but margins remain resilient.
Wide-moat General Dynamics reported first-quarter 2017 results that beat on earnings but missed on revenue primarily because of weakness in its IS&T segment. Management didn’t change its 2017 guidance and believes it can make up for the first- quarter revenue shortfall in IS&T. Although we haven’t made any material changes to our earnings and cash flow forecast for GD, we are planning to reduce our U.S. statutory federal tax rate to 25% from 35% in 2018 to reflect the potential for U.S. ...General Dynamics is an aerospace and defense company. The company has five operating segments: Aerospace, which provides a family of Gulfstream aircraft and services for business aircraft produced by Gulfstream and other original equipment manufacturers; Combat Systems, which provides combat vehicles, weapons systems and munitions; Information Technology, which provides information technology (IT) services, IT infrastructure modernization and professional services; Mission Systems, which provides mission-critical products and systems; and Marine Systems, which designs and builds nuclear-powered submarines, surface combatants, and auxiliary and combat-logistics ships.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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