General Dynamics Q1 2024 Earnings Report Highlights Strong Performance in Aerospace and Combat Systems

General Dynamics Q1 2024 Earnings Call Transcript

Highlights:

• General Dynamics reported earnings of $2.88 per diluted share on revenue of $10.7 billion.
• Aerospace revenue increased by 10.1% despite G700 delivery delays.
• Combat Systems revenue was up almost 20% over the year-ago quarter, with solid orders and backlog.
• The company expects improving margins in Aerospace as G700 deliveries ramp up in the second half of 2024.
• Combat Systems anticipates margin expansion throughout the year driven by high demand in Europe.

General Dynamics continues to see strong performance in both Aerospace and Combat Systems, paving the way for sustained growth in the coming quarters.