General Dynamics 1Q Sales Gain, Fueled by Marine-Systems Growth
By Katherine Hamilton
General Dynamics recorded higher revenue in the first quarter, boosted by a jump in marine-systems sales.
Shares were up 4.6% to $328.02 in premarket trading.
The defense company on Wednesday posted a profit of $1.13 billion, or $4.10 a share, in the most recently ended quarter, compared with $994 million, or $3.66 a share, a year earlier.
Analysts polled by FactSet were expecting earnings of $3.70 a share.
Revenue rose 10% from a year earlier to $13.48 billion. Analysts surveyed by FactSet forecast revenue of $12.7 billion.
Sales in marine systems increased the most, rising 21% to $4.34 billion. Aerospace revenue increased 8.4%, while combat systems and technologies increased 4.9% and 4.2%, respectively.
Orders totaled $26.6 billion in the quarter. The total estimated contract value was $188.4 billion at the end of the quarter, including a backlog of $130.8 billion and estimated potential contract value of $57.6 billion.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
April 29, 2026 07:45 ET (11:45 GMT)
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