General Dynamics (NYSE: GD) reported Q1 EPS of $2.48, $0.16 better than the analyst estimate of $2.32. Revenue for the quarter came in at $7.4 billion versus the consensus estimate of $7.71 billion.

"General Dynamics delivered very strong first-quarter operating performance, demonstrated by 13.9 percent operating margins and 10.3 percent return on sales," said Phebe N. Novakovic, chairman and chief executive officer. "We are on track for a productive 2017 as we continue our focus on operational improvement and successful execution on our robust backlog."

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