General Dynamics Corp

GD: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$717.00	Lhbsc	Lpygggdwt

Increasing General Dynamics' FVE to $237 and Capital Allocation to Exemplary

Nicolas Owens

Feb 16, 2023

After reviewing General Dynamics' recent results and our assumptions, we have increased our fair value estimate to $237 from $226, as we forecast the company's sizable investments in new aircraft, submarine programs, and even its IT services business bearing fruit in the form of new revenue and higher long-term profitability.

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