General Dynamics sees FY effective tax rate 30.5%-31% Says expect cash contributions to its pension plans in 2014 to be around $550M, with the bulk in 2H, specifically in Q3. Says the current activities in the Ukraine and Russia have not affected its operations. Sees FY14 aerospace in the 17% margin range. Says strong backlog is "harbinger" of strong sales performance. Says well positioned on defense side.
Qatar Excutive to acquire thirty aircrafts from General Dynamics subsidiary Gulfstream Aerospace, a wholly owned subsidiary of General Dynamics, announced that Qatar Executive has agreed to purchase up to 30 Gulfstream aircraft as part of a Memorandum of Understanding originally announced in October of last year. Qatar will take delivery of its G650ER in the Q4.