General Dynamics (GD) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on January 24, 2024, might help the stock move higher if these key numbers are better ...

DanielBendjy I like the US Defense Primes (GD, LMT, NOC) for 2024 due to further growing US defense budgets and relative undervaluation vs the broader market. Current global conflicts and a 9% in the US defense budget should spur demand for both placement of new orders and procurement of replacements and ammunitions while recently launched platforms (F-35, B-21, Virginia-Class) provide multi-year earnings visibility for the Primes. With the Fed's hinting at a soft landing, defense has underperformed in 2023 ...

RESTON, Va., Jan. 5, 2024 /PRNewswire/ -- General Dynamics (NYSE:GD) announced today that Mark Roualet, who currently serves as executive vice president of Combat Systems, has informed the company that he will retire in April. He will be succeeded by Danny Deep, who currently serves as president of General Dynamics Land Systems, effective April 15. "Mark has served General Dynamics with distinction for over 40 years with a demonstrated record of operational excellence," said Phebe Novakovic, chairman and ch ...

RESTON, Va., Jan. 4, 2024 /PRNewswire/ -- General Dynamics (NYSE: GD) will webcast its fourth-quarter and full-year 2023 financial results conference call on Wednesday, January 24, beginning at 9 a.m. EST. The live webcast of the conference call will be available at www.gd.com. A replay will be available shortly after the live presentation. More information about General Dynamics is available at www.gd.com.   SOURCE General Dynamics ...

RTX Corporation’s (RTX) business unit, Raytheon, recently announced that it has secured a $400 million contract from the U.S. Airforce to produce and deliver more than 1,500 StormBreaker smart weapons.About StormBreakerRTX’s StormBreaker is a precision-guided winged munition. It is a smart weapon that can autonomously detect and classify moving targets in poor visibility situations caused by darkness, bad weather, smoke, or dust kicked up by helicopters. The small size enables the use of fewer aircraft to t ...

Financial Data and Key Metrics Changes - Revenue for the quarter was $10.6 billion, up $596 million or 6% year-over-year [51] - Operating earnings decreased by $41 million or 3.7%, while net income fell by $66 million, resulting in diluted earnings per share of $3.04, down 6.7% [51][29] - Year-to-date revenue increased by 7.2%, operating earnings were down less than 1%, and diluted earnings per share decreased by 2.6% [29] Business Line Data and Key Metrics Changes - Aerospace revenue was $2.03 billion, down $315 million from the previous year due to fewer deliveries at Gulfstream [70] - Combat systems revenue reached $2.22 billion, up 24.4% year-over-year, with earnings of $300 million, a 10.7% increase [34] - Marine systems revenue was $3 billion, up 8.4% year-over-year, driven by Columbia-class construction [36] Market Data and Key Metrics Changes - Aerospace book-to-bill ratio was 1.4 to 1, with Gulfstream at 1.5 to 1, indicating strong demand [31] - The backlog for aerospace grew from $11.6 billion at the end of 2020 to $20.1 billion at the end of Q3 2023, a 70% increase [32] - Overall company book-to-bill ratio was 1.4 to 1, with marine systems leading at 2.3 to 1 [62] Company Strategy and Development Direction - The company plans to maintain a cash conversion rate over 100% of net income, with a target of $12.65 for the year [42][45] - Focus on improving supply chain efficiency and throughput, particularly in shipbuilding, to enhance margins over time [120] - Continued investment in technology and capabilities such as artificial intelligence and digital engineering to drive demand [38] Management's Comments on Operating Environment and Future Outlook - Management noted that supply chain issues remain fragile but are showing signs of improvement [12][10] - The conflict in Israel may impact demand, but the company expects strong orders going into Q4 [31] - The company anticipates stable revenue growth across all defense segments in 2024, despite current uncertainties [103] Other Important Information - Operating cash flow for the quarter was over $1.3 billion, with free cash flow of $1.1 billion, representing 126% of net income [42] - The tax rate for the quarter was 15.6%, consistent with previous guidance [77] - The company repaid $500 million of debt and ended the quarter with a cash balance of over $1.3 billion [85] Q&A Session Summary Question: Can you comment on Gulfstream's delivery expectations? - The company is targeting 19 deliveries of the G700, contingent on certification timing, with 15 already ready [4][5] Question: What is the outlook for marine and combat systems growth? - Marine systems are expected to see $400 million to $500 million in average annual growth, while combat systems have seen a 15% increase year-to-date [21][19] Question: How does the IRS guidance on R&D impact cash flow? - The company did not anticipate changes in the law, so cash flow expectations remain consistent with previous guidance [23] Question: What are the implications of the $106 billion supplemental request from the President? - The company sees potential incremental demand, particularly in artillery production, due to the ongoing conflict [105] Question: How is the supply chain affecting the Virginia-class program? - The company is focused on balancing the delivery of Virginia-class submarines with Columbia-class priorities, with a goal of achieving two deliveries per year [130][127]

General Dynamics Corporation (NYSE:GD) Q2 2023 Results Conference Call July 26, 2023 9:00 AM ET Howard Rubel - VP, IR Jason Aiken - EVP, Technologies and CFO Seth Seifman - JP Morgan David Strauss - Barclays Myles Walton - Wolfe Research Company Participants Phebe Novakovic - Chairman and CEO Conference Call Participants Robert Stallard - Vertical Research Cai von Rumohr - TD Cowen Ron Epstein - Bank of America Sheila Kahyaoglu - Jefferies Peter Arment - Baird Operator I would now like to turn the conferenc ...

AEROSPACE MARINE SYSTEMS COMBAT SYSTEMS TECHNOLOGIES Forward-Looking Statements; Non-GAAP Measures First-Quarter 2023 Highlights This presentation contains forward-looking statements (FLS), including statements about the company's future operational and financial performance, which are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "forecasts," "scheduled," "outlook," "estimates," "should" and variations of these words ...

General Dynamics Corporation (NYSE:GD) Barclays Industrial Select Conference Call February 22, 2023 8:35 AM ET Company Participants Jason Aiken - CFO Conference Call Participants David Strauss - Barclays David Strauss Thanks, Jason, for again being here in Miami. And I'll turn it over to you for the necessary disclosures, disclaimers. Jason Aiken Sure. Thanks, David, for having us today. As David mentioned, of course, today will involve inevitably some forward-looking statements, which always bring risks an ...

General Dynamics Corporation (NYSE:GD) 44th Annual Aerospace/Defense & Industrials Conference February 15, 2023 10:00 AM ET Company Participants Cai von Rumohr - Cowen & Co Conference Call Participants Phebe Novakovic - Chairman and Chief Executive Officer Cai von Rumohr [Starts Abruptly] GD's CEO and Chairwoman Phebe Novakovic. Phebe, thank you for joining us. And so everyone starts with Gulfstream, let's change, let's start with combat. Nobody has talked about it for a while. But obviously, its relevance ...