- General Dynamics raised full-year EPS guidance to $16.80-$16.90 on expected revenue of approximately $55.7 billion and a 10.5% operating margin.
- Second-quarter performance benefited from higher Aerospace deliveries, a 130-basis-point margin expansion, double-digit Marine Systems revenue growth, and strong international demand for wheeled vehicles and munitions.
- Backlog reached a record $136.5 billion, up 32% year over year, while management cited stabilized supply chains and productivity gains at shipyards as key operating improvements.
- General Dynamics expects higher second-half capital expenditures for shipyard investments and identified potential G280 delivery risk and cautious Middle Eastern aerospace demand as near-term risks.
Quotes
“Backlog reached a record $136.5 billion, a 32% increase year-over-year”
“Full-year EPS guidance was raised to a range of $16.80 to $16.90”