The Reston, Virginia-based defense contractor said Wednesday it ended the quarter with a total backlog of $87.2 billion and saw its aerospace backlog rise 8.1 percent to $17.6 billion.
The company’s marine segment posted $2.6 billion in sales, up 6.8 percent from the same period last year.
Technologies and combat systems segments recorded $3.1 billion and $1.6 billion in Q1 revenue, respectively.
“Our defense segments delivered solid performance on key programs across the portfolios,” said Phebe Novakovic, chairman and CEO of General Dynamics and a 2022 Wash100 awardee.
Major contract awards secured by the company’s three defense segments during the quarter include a potential 10-year, $4.5 billion contract with the National Geospatial-Intelligence Agency for hybrid cloud and information technology-related services and a $660 million contract for information, managed application, networking, enterprise and security services with the Environmental Protection Agency.
The company reported $2 billion in Q1 net cash from operating activities and $2.61 in diluted earnings per share, reflecting a 5.2 percent increase from the prior-year period.
The Naval Information Warfare Center Pacific is soliciting proposals for the development and fielding of intelligence, surveillance and reconnaissance systems…
The Department of War is accelerating its push into unmanned systems, moving beyond experimentation toward large-scale production, streamlined acquisition and…
BAE Systems has received a $117.7 million contract modification from the U.S. Navy to support depot-level modernization, maintenance and repair of USS…
Advanced wireless infrastructure is becoming as strategically important as artificial intelligence in modern defense operations 5G standalone enables network slicing,…
