Revenue during the quarter grew 5.43 percent to $8,233 million from $7,809 million in the previous year period. Total expenses were 86.43 percent of quarterly revenues, down from 86.73 percent for the same period last year. This has led to an improvement of 30 basis points in operating margin to 13.57 percent.

Operating income for the quarter was $1,117 million, compared with $1,036 million in the previous year period.

"The quarter is solid showing strong growth over the year-ago quarter in both revenue and earnings and the same was true on a sequential basis. These themes played out throughout the business groups as well," said Phebe Novakovic, chairman and chief executive officer. "The year was strong with growth in earnings, margins, return on sales and an 8.7 percent increase in EPS over the prior year."

The company has spent $426 million cash to meet investing activities during the year as against cash inflow of $200 million in the last year.

The company has spent $2,169 million cash to carry out financing activities during the year as against cash outgo of $4,367 million in the last year period.

Cash and cash equivalents stood at $2,334 million as on Dec. 31, 2016, down 16.19 percent or $451 million from $2,785 million on Dec. 31, 2015.

Working capital increases
General Dynamics Corp has recorded an increase in the working capital over the last year. It stood at $2,601 million as at Dec. 31, 2016, up 22.34 percent or $475 million from $2,126 million on Dec. 31, 2015. Current ratio was at 1.20 as on Dec. 31, 2016, up from 1.17 on Dec. 31, 2015.

Debt moves up
General Dynamics Corp has witnessed an increase in total debt over the last one year. It stood at $3,888 million as on Dec. 31, 2016, up 14.39 percent or $489 million from $3,399 million on Dec. 31, 2015. Total debt was 11.83 percent of total assets as on Dec. 31, 2016, compared with 10.62 percent on Dec. 31, 2015. Debt to equity ratio was at 0.35 as on Dec. 31, 2016, up from 0.32 as on Dec. 31, 2015.