GENERAL DYNAMICS (GD) Company Report

General Dynamics declared a $1.50 quarterly dividend per share, with a forward yield of 1.79%.
The dividend is backed by its diversified operations across aerospace, marine, combat systems, and technologies.
In its latest results, General Dynamics reported $51.51 billion in revenue, a three-year revenue growth of 8%, an operating margin of 10.34%, and a net margin of 8.18%.

1 day ago

Morningstar

General Dynamics wins $2.28B Navy contract for Columbia-class submarine hulls

New Projects/Investments

General Dynamics Electric Boat was awarded a $2.28 billion contract modification by the U.S. Navy for advance procurement and construction of Columbia-class fleet ballistic missile submarine hulls, with a completion target of December 2031.
Work is split across three sites: 70% in Groton, Connecticut; 15% in Newport News, Virginia; and 15% in Quonset Point, Rhode Island.
Funding comprises $2.23 billion (98%) from FY2026 National Sea-Based Deterrence Fund and $54.2 million (2%) from FY2026 other Navy procurement funds, obligated once available.
The cost-only modification to contract N00024-17-C-2117 is managed by the Navy’s Naval Sea Systems Command.

Nov 17, 2025, 11:54 PM

Morningstar

General Dynamics expands Google Public Sector collaboration for AI solutions

New Projects/Investments

GDIT will integrate its Digital Accelerators portfolio onto Google Cloud, combining its mission expertise with Google’s AI, cloud, and cybersecurity offerings
The collaboration will co-invest in “mission edge AI” solutions using Google Distributed Cloud to deliver AI computing in remote or disconnected environments, demonstrated at Exercise Mobility Guardian 2025
It will modernize citizen engagement services with GDIT’s AI solutions and Google Cloud’s Contact Center AI Platform, achieving $12 million in savings and a 40% reduction in call volume for a major federal service desk
This initiative is part of GDIT’s strategy to deepen partnerships with commercial tech firms and accelerate innovation across federal agencies

Nov 13, 2025, 10:00 PM

Press Release

General Dynamics NASSCO awarded $1.7B contract for T-AO 215 and T-AO 216

New Projects/Investments

$1.7 billion contract awarded for construction of John Lewis-class fleet replenishment oilers T-AO 215 and T-AO 216
Ships form part of NASSCO’s multi-ship contract to build up to eight additional oilers (T-AO 214–221) for the U.S. Navy
NASSCO is currently under contract to build 17 of the Navy’s 20-ship program, having delivered four vessels and with five more under construction
Award funding is expected to stabilize the workforce by sustaining backlog and preventing layoffs

Nov 10, 2025, 10:10 PM

Press Release

General Dynamics reports Q3 2025 results

Earnings

Guidance Update

Q3 revenue of $12.9 billion (up 10.6% y/y) and EPS of $3.88, with operating earnings of $1.3 billion and net income of $1.59 billion, driven by 30.3% growth in aerospace and 13.8% growth in marine systems.
YTD revenue of $38.2 billion (+11%), operating earnings of $3.9 billion (+15.7%), and net earnings of $3.07 billion (+16.4%), yielding a 19% increase in YTD EPS.
Record backlog of $109.9 billion (up 19% y/y) with a company book-to-bill of 1.5x and defense at 1.6x, supporting strong order momentum.
Operating cash flow of $2.1 billion and free cash flow of $1.9 billion (179% of net income); raising FY EPS guidance to $15.30–$15.35 amid ongoing U.S. government shutdown uncertainty.

Oct 24, 2025, 1:00 PM

Transcript

General Dynamics reports Q3 2025 results

Earnings

Guidance Update

Share Buyback

Q3 EPS of $3.88, revenue of $12.9 B, operating earnings of $1.3 B, and net income of $1.59 B, representing year-over-year growth of 10.6% in revenue, 12.7% in operating earnings, and 15.8% in EPS.
Segment highlights include Aerospace revenue of $3.2 B (+30.3%) with a 13.3% margin; Marine Systems revenue of $4.1 B (+13.8%); Combat Systems revenue of $2.3 B (+1.8%); and Technologies revenue of $3.3 B (–1.6%).
Record backlog of $109.9 B (+19% YoY) with a book-to-bill of 1.5×; operating cash flow of $2.1 B and free cash flow of $1.9 B (179% of net income).
Full-year guidance raised to ~$52 B in revenue, ~10.3% margins, and EPS of $15.30–15.35, with government shutdown risks creating near-term uncertainty.

Oct 24, 2025, 1:00 PM

Transcript

General Dynamics reports Q3 2025 results

Earnings

General Dynamics’ Q3 2025 revenue was $12.907 billion, up 10.6% year-over-year, with diluted EPS of $3.88, up 15.8%.
Operating margin expanded to 10.3% (+20 bps), and net earnings increased 13.9% to $1.059 billion.
Total backlog reached $109.857 billion (+18.6%), and free cash flow was $1.897 billion for the quarter.
Business segments saw strong momentum: Aerospace revenue up 30% with a 1.3x book-to-bill; Combat Systems book-to-bill 2.0x; Technologies book-to-bill 1.8x.

Oct 24, 2025, 1:00 PM

Presentation

General Dynamics reports Q3 2025 results

Earnings

Guidance Update

Q3 revenue of $12.9 B (+10.6% YoY) and EPS of $3.88 (+15.8% YoY); operating earnings of $1.3 B (+12.7%) and net income of $1.059 B (+13.9%).
Year-to-date revenue of $38.2 B (+11%), operating earnings of $3.9 B (+15.7%), net earnings of $3.07 B (+16.4%) and EPS up 19% YTD.
Segment performance: Aerospace revenue $3.2 B (+30.3%, 13.3% margin); Marine Systems $4.1 B (+13.8%); Combat Systems $2.3 B (+1.8%); Technologies $3.3 B (–1.6%).
Book-to-bill of 1.5× with record backlog of $109.9 B (+19% YoY, +6% QoQ) and total estimated contract value of $167.7 B.
Free cash flow of $1.9 B (179% of net income); reaffirms full-year guidance: ~$52 B revenue, 10.3% margins and EPS of $15.30–$15.35.

Oct 24, 2025, 1:00 PM

Transcript

General Dynamics reports Q3 2025 results

Earnings

Revenue of $12.9 B (↑10.6% YoY) and diluted EPS of $3.88 (↑15.8% YoY); operating margin expanded to 10.3%
$2.1 B net cash from operating activities (199% of net earnings); ended Q3 with $2.5 B cash and $8.0 B debt; paid $403 M dividends and invested $212 M in capex
Q3 orders totaled $19.3 B (book-to-bill 1.5x); funded backlog $109.9 B; total estimated contract value $167.7 B
Aerospace segment revenue grew 30.3% with margin expansion of 100 bps to 13.3%, led by strong business jet demand

Oct 24, 2025, 11:50 AM

8-K

General Dynamics reports Q3 2025 results

Earnings

Revenue Acceleration/Inflection

Delivered Q3 revenue of $12.9 billion, up 10.6% year-over-year, and diluted EPS of $3.88, up 15.8% from prior year.
Generated $2.1 billion in net cash from operating activities (199% of net earnings) and expanded operating margin to 10.3%.
Achieved $19.3 billion in orders (book-to-bill 1.5) and ended the quarter with $167.7 billion total estimated contract value backlog.
Each of the four segments grew earnings and backlog, led by Aerospace revenue growth of 30.3% and a 100 bp margin expansion year-over-year.

Oct 24, 2025, 11:00 AM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for GENERAL DYNAMICS.

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