Recent Updates — GD
General Dynamics reported third-quarter 2026 financial results with revenue reaching $14.6 billion, a 12.9% increase from the prior year period. Diluted earnings per share rose 15.7% to $4.49, while operating earnings grew 14.7% to $1.5 billion, reflecting an operating margin expansion of 20 basis points to 10.5%. The company generated $1.7 billion in cash from operations and reported a robust book-to-bill ratio of 6.8-to-1 on a consolidated basis, driven by significant orders in the Marine Systems segment for submarine programs. Total backlog stood at $220.3 billion with an estimated potential contract value of $50.4 billion. General Dynamics is a global aerospace and defense company that offers products and services in business aviation, ship construction, land combat vehicles, and technology solutions.
The board of directors has elected Danny Deep, currently serving as president, to succeed Phebe N. Novakovic as Chief Executive Officer, effective January 1, 2027. Upon the transition, Novakovic will assume the role of Executive Chairman of the board. Deep joins from within the company, having served as president since December 2025 and previously holding roles including executive vice president of Global Operations and president of General Dynamics Land Systems. The leadership change marks the end of Novakovic's tenure as CEO, which began in 2013. General Dynamics is a global aerospace and defense company that offers products and services in business aviation; ship construction and repair; land combat vehicles, weapon systems and munitions; and technology products and services.
General Dynamics elected Danny Deep, the company's president since December 2025, to its board of directors effective August 5, 2026. Mr. Deep will not receive additional compensation for his service and is not currently appointed to any board committees. General Dynamics is a global aerospace and defense company that offers products and services in business aviation; ship construction and repair; land combat vehicles, weapon systems and munitions; and technology products and services.
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.