Recent Updates — GD
General Dynamics reported second-quarter 2026 financial results for the period ended July 5, 2026. Revenue increased 8.1% to $14.1 billion, while diluted earnings per share rose 13.4% to $4.24. Operating earnings grew 11.9% to $1.5 billion with an operating margin of 10.4%. The company generated $1.9 billion in cash from operations and reduced total debt by $498 million, ending the quarter with $7.5 billion in total debt and $4.3 billion in cash. New orders totaled $20 billion, resulting in a book-to-bill ratio of 1.4-to-1. Backlog stood at $136.5 billion, bringing total estimated contract value to $186.9 billion. General Dynamics is a global aerospace and defense company that offers products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services.
General Dynamics announced its financial results for the quarter ended April 5, 2026. The specific financial metrics and performance data are contained in the press release furnished as Exhibit 99.1.
General Dynamics announced its financial results for the quarter and fiscal year ended December 31, 2025. The specific financial figures are contained in the company's accompanying press release.
General Dynamics announced that Vice President and Controller William A. Moss will retire effective March 31, 2026. Dana O. Maisano, currently Staff Vice President and Controller at GDIT, is set to succeed him as the company's controller on April 1, 2026.
General Dynamics Corporation has promoted Danny Deep to President, effective December 3, 2025, transitioning him from his previous role as Executive Vice President of Global Operations. His new compensation package includes a base salary of $1,300,000 and a target annual incentive opportunity of 150% of his base salary.