General Dynamics Corp

GD: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$657.00	Dwt	Mhptjpvrsc

General Dynamics Delivers Solid Third-Quarter Results as Orders and Backlog Remain Resilient

Dawit Woldemariam

Oct 27, 2022

Wide-moat-rated General Dynamics delivered solid third-quarter results, driven by a continued recovery in jet deliveries and positive tailwinds in the marine segment. Sales of $10 billion and adjusted EPS of $3.26 outpaced FactSet consensus by 1% and 3.5%, respectively. Management reaffirmed its 2022 guidance in the quarter as a continued recovery in aerospace demand and a volatile geopolitical outlook stoked robust order activity.

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