SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 10-Q/A
(Mark One)
X QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 29, 1996
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Commission File Number 1-3671
GENERAL DYNAMICS CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 13-1673581
(State or other jurisdiction (I.R.S.
of incorporation or organization) Identification No.)
3190 Fairview Park Drive, 22042-4523
Falls Church, Virginia (Zip Code)
(Address of principal executive offices)
(703) 876-3000
Registrant's telephone number, including area code
Indicate by check mark whether the registrant (1) has
filed all reports required to be filed by Section 13 or
15(d) of the Securities Exchange Act of 1934 during the
preceding 12 months and (2) has been subject to such filing
requirements for the past 90 days. Yes X No .
Indicate the number of shares outstanding of each of
the issuer's classes of common stock, as of the latest
practicable date.
Common Stock, $1 par value - November 1, 1996 63,075,241
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PART II
GENERAL DYNAMICS CORPORATION
OTHER INFORMATION
September 29, 1996
Item 1. Legal Proceedings
Reference is made to Note H, Commitments and
Contingencies, which is incorporated herein by reference,
for a statement relevant to activities in the quarter
covering certain litigation to which the company is a party.
Item 6. Exhibits and Reports on Form 8-K
(a) Exhibits
Exhibit 11, Statement Re Computation of Per Share
Earnings
(b) Reports on Form 8-K
None.
SIGNATURE
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned thereunto duly
authorized.
GENERAL DYNAMICS CORPORATION
by /s/John W. Schwartz
John W. Schwartz
Staff Vice President
and Controller
(Principal Accounting Officer)
Dated November 12, 1996
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Exhibit 11, 3rd Quarter 1996
Form 10-Q, Commission File
Number 1-3671
GENERAL DYNAMICS CORPORATION
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
(UNAUDITED)
(Dollars in millions, except per share data)
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Third Quarter Nine Months
1996 1995 1996 1995
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NET EARNINGS:
Continuing Operations $ 68 $ 62 $ 200 $ 183
Discontinued Operations:
Earnings from operations - 18 - 31
Gain on disposal - 11 - 19
$ 68 $ 91 $ 200 $ 233
Weighted average common 63,119,640 62,968,276 63,202,704 62,973,350
shares outstanding
NET EARNINGS PER SHARE - PRIMARY:
Continuing Operations $ 1.07 $ .98 $ 3.15 $ 2.90
Discontinued Operations:
Earnings from operations - .29 - .49
Gain on disposal - .17 - .30
$ 1.07 $ 1.44 $ 3.15 $ 3.69
Common shares from above 63,119,640 62,968,276 63,202,704 62,973,350
Assumed exercise of options
(treasury stock method) 273,627 269,797 234,809 196,759
63,393,267 63,238,073 63,437,513 63,170,109
NET EARNINGS PER SHARE - FULLY DILUTED:
Continuing Operations $ 1.07 $ .98 $ 3.15 $ 2.89
Discontinued Operations:
Earnings from operations - .29 - .49
Gain on disposal - .17 - .30
$ 1.07 $ 1.44 $ 3.15 $ 3.68
Common shares from above 63,119,640 62,968,276 63,202,704 62,973,350
Assumed exercise of options
(treasury stock method) 319,164 347,257 319,164 347,257
63,438,804 63,315,533 63,521,868 63,320,607
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