UPDATE 2-General Dynamics profit misses estimates as pandemic delays Gulfstream deliveries [Reuters]
General Dynamics Corporation (GD)
Last general dynamics corporation earnings: 4/29 07:00 am
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Source: Reuters
General Dynamics profit misses estimates as pandemic delays Gulfstream deliveries (Reuters) - Defense contractor General Dynamics Corp ( GD.N ) missed Wall Street estimates for quarterly profit on Wednesday as travel restrictions due to the COVID-19 pandemic delayed deliveries of its Gulfstream business jets. Shares fell 2.8% in premarket trading as the company flagged a $549 million decline in revenue at its aerospace segment, with Gulfstream deliveries totaling 23 jets in the quarter, down from 34 a year earlier. Revenue at the company’s aerospace unit fell 24.5% to $1.69 billion. “We are responding to the COVID travel restrictions’ impact on Gulfstream and are managing our costs throughout our business,” Chief Executive Phebe Novakovic said. However, defense contractors like General Dynamics are expected to see much less disruption due to COVID-19 as most of their revenue is from government contracts, which are considered to be reliable as governments are unlikely to reduce spend
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News
- General Dynamics NASSCO and South Korean Shipbuilding Leaders DSEC Co. and Samsung Heavy Industries Co. Sign Tri-Party Memorandum of Agreement [Yahoo! Finance]Yahoo! Finance
- General Dynamics NASSCO and South Korean Shipbuilding Leaders DSEC Co. and Samsung Heavy Industries Co. Sign Tri-Party Memorandum of AgreementPR Newswire
- General Dynamics declares $1.50 dividend [Seeking Alpha]Seeking Alpha
- General Dynamics Board Declares DividendPR Newswire
- General Dynamics (GD): Valuation Check After Double-Digit Earnings Growth and Record Defense Backlog [Yahoo! Finance]Yahoo! Finance
GD
Earnings
- 10/24/25 - Beat
GD
Sec Filings
- 11/24/25 - Form 4
- 11/20/25 - Form 144
- 11/7/25 - Form 4
- GD's page on the SEC website