US defense shares fell on Wednesday as the Democrats' resounding midterm election victory stoked concerns about increased pressure on the Pentagon's spending plans.
General Dynamics notched higher profit and revenue in the third quarter, as performance once again improved across all of the company's lines of business.
General Dynamics on Friday posted a nearly 16% rise in third-quarter profit driven by strength in its Gulfstream business jet and shipbuilding operations.
Revenue $14.6 billion, up 12.9% versus prior year Diluted EPS $4.49, up 15.7% versus prior year $1.7 billion cash from operating activities, 139% of net earnings 6.8-to-1 book-to-bill, $220 billion backlog RESTON, Va., Oct. 30, 2026 /PRNewswire/ -- General Dynamics (NYSE: GD) today reported third-quarter 2026 operating earnings of $1.5 billion, and $4.49 per diluted share (EPS), on revenue of $...
RESTON, Va., Oct. 23, 2026 /PRNewswire/ -- General Dynamics (NYSE:GD) announced today that Amy Johnson has been appointed as president of GDIT, effective November 3.
Defense stocks have plummeted over the past few weeks as investors grow convinced Dems will emerge victorious in the midterm elections – potentially thwarting President Trump's plans for huge military spending.
Proposed changes to Norway's sovereign wealth fund ethics rules could open the door to investments in more Western defense companies. The fund is currently barred from investing in companies including Lockheed Martin and Boeing because of their involvement in nuclear weapons production.
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