GENERAL DYNAMICS CORP SEC 10-Q Report

General Dynamics Corp, a leading aerospace and defense company, has released its Form 10-Q report for the second quarter of 2025. The report highlights significant growth in both financial and operational metrics, driven by robust performance across its key business segments, including Aerospace, Marine Systems, Combat Systems, and Technologies.

Financial Highlights

• Total Revenue: $13,041 million, increased by 8.9% compared to the same period last year, driven by growth in Aerospace and Marine Systems segments.
• Operating Earnings: $1,305 million, representing a 12.9% increase, with an operating margin of 10.0%, up from 9.7% in the prior year period.
• Net Earnings: $1,014 million, reflecting a 12.0% increase from the previous year, supported by strong performance in the Aerospace segment.
• Basic EPS: $3.78, up from $3.30 in the prior year, indicating improved profitability.
• Diluted EPS: $3.74, compared to $3.26 in the previous year, highlighting enhanced earnings per share.

Business Highlights

• Revenue Segments: The Aerospace segment saw a revenue increase driven by additional G700 aircraft deliveries and increased demand for aircraft maintenance services. Marine Systems revenue grew due to higher volume in Virginia-class and Columbia-class submarine construction. Combat Systems experienced a slight revenue increase from weapons systems and munitions, while Technologies saw growth in IT services and C5ISR solutions.
• Sales Units: Gulfstream aircraft deliveries increased to 38 units in the second quarter and 74 units in the first six months of 2025, reflecting a 2.7% and 21.3% increase, respectively, compared to the previous year.
• New Product Launches: The Aerospace segment introduced the G800, the world's longest-range business aircraft, which received type certification from the FAA and EASA in April 2025. Deliveries are expected to commence in the third quarter of 2025.
• Future Outlook - Aerospace: The segment's 2025 revenue is projected to be approximately $12.9 billion with an operating margin of around 13.5%.
• Future Outlook - Marine Systems: Expected 2025 revenue is approximately $15.6 billion with an operating margin of about 7.0%.
• Future Outlook - Combat Systems: The segment anticipates 2025 revenue of approximately $9.2 billion with an operating margin of around 14.5%.
• Future Outlook - Technologies: The segment's 2025 revenue is projected to be approximately $13.5 billion with an operating margin of about 9.2%.
• Operational Performance: The Aerospace segment's operating margin increased by 230 basis points due to improved productivity and reduced R&D expenses. Marine Systems' operating margin was impacted by supply chain challenges, while Combat Systems and Technologies segments saw slight improvements in operating margins.
• Backlog and Contract Value: Total backlog increased to $103.7 billion, driven by significant awards in Marine Systems for submarine construction. The total estimated contract value reached $161.2 billion.

SEC Filing: GENERAL DYNAMICS CORP [ GD ] - 10-Q - Jul. 23, 2025