Morningstar

General Dynamics Posts Higher 2Q Profit, Revenue

Provided by Dow Jones

By Connor Hart 




  General Dynamics reported higher profit and revenue in the second quarter, as performance improved across all of the company's lines of business. 



  The defense company on Wednesday posted a profit of $1.16 billion, or $4.24 a share, for its three months ended July 5, compared with $1.01 billion, or $3.74 a share, in last year's comparable period. 



  Analysts polled by FactSet expected quarterly earnings of $3.96 a share. 



  Revenue rose 8.1% to $14.09 billion, ahead of Wall Street models for $13.52 billion. 



  General Dynamics grew revenue across all four of its business segments, it said. The company's largest segment--marine systems--notched revenue of $4.66 billion, up 10% from last year. Its fastest-growing segment was aerospace, with revenue up 15% to $3.53 billion. 



  Orders totaled $20 billion during the quarter. Total estimated contract value stood at $186.9 billion, including a backlog of $136.5 billion and an estimated potential contract value of $50.4 billion. 



  "We are well positioned to support our customers' needs and are continuing to make significant investments to increase output to meet strong and growing demand," Chief Executive Phebe Novakovic said. 





  Write to Connor Hart at connor.hart@wsj.com 





  (END) Dow Jones Newswires



  July 29, 2026 07:58 ET (11:58 GMT)


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