General Dynamics raises FY14 EPS cont ops to $7.40-$7.45 from $6.80-$6.85 FY14 EPS consensus of $7.33; Sees FY14 revenue $30.2B, consensus $30.39B. Expects FY14 operating margin of 12.5%. Sees FY14 effective tax rate in low end of guidance of 30.5%-31%. Comments taken from Q2 earnings conference call.
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.