General Dynamics Publishes Q1 2025 Financial Report

General Dynamics has reported a 13.9 percent year-over-year revenue increase to $12.2 billion in the first quarter of 2025, with each of its business units seeing increased earnings compared to the same period in 2024. Phebe Novakovic, chairman and CEO of General Dynamics and a nine-time Wash100 Award winner, said in a press release published Wednesday that the company’s aerospace segment had the most significant increase, driven by enhanced manufacturing efficiencies and higher levels of aircraft production.

“We continue to see steady growth and improvement in operating performance across the defense portfolio,” Novakovic commented.

General Dynamics Issues Latest Financial Results

Although aerospace was the segment that saw the most revenue growth, generating $3.03 billion or 45.2 percent higher than $2.08 billion from Q1 of 2024, General Dynamics Marine Systems posted the highest earnings at $3.59 billion. For comparison, during the same period the year prior, Marine Systems reported $3.33 billion in revenue.

Meanwhile, the technologies segment saw a 6.8 percent year-over-year growth in revenue, gaining $3.43 billion in the three-month period ending on March 30. Finally, the combat systems segment grew its revenue by 3.5 percent to $2.18 billion compared to Q1 2024.

General Dynamics’ backlog in Q1 2025 reached a total of $88.66 billion across all segments and including $13.72 billion in unfunded contract awards.