General Dynamics cuts '09 outlook, plans layoffs

Posted on March 05, 2009 at 14:43 PM EST

General Dynamics Corp. cuts its 2008 earnings estimate, saying it would rollback business production at its Gulfstream Aerospace unit and reduce 12% of its workforce because of a deteriorating backlog.

Related Stocks:

Boeing Co. General Dynamics Corp. Honeywell International, Inc. Textron, Inc.

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