The Reston, Virginia-based defense contractor said Wednesday its earnings were $2.61 per diluted share for the quarter and cash from operations as of June 30 totaled $1.1 billion.
Among General Dynamics’ four businesses segments, the technologies segment comprised of information technology and mission systems generated the highest Q2 sales at $3.16 billion, up 3.2 percent compared to the prior year period.
Phebe Novakovic, chairman and CEO of General Dynamics and a six-time Wash100 awardee, said in an earnings call Wednesday that GDIT contributed a nearly 10 percent revenue increase to the segment’s sales performance.
She cited the sale of the company’s satellite antenna business and a chip shortage as the factors behind the modest decline in GDMS revenue for the quarter.
Total backlog grew 8 percent to $89.2 billion at the end of the quarter.
Nine companies win spots on Navy unmanned systems contract Work covers design, testing, deployment and sustainment support Autonomous maritime platforms…
Anthropic reportedly explores massive new funding round Anthropic deepens focus on AI-driven cyber defense and national security Its growth highlights…
