General Dynamics 2Q Backlog Hits $136.5B, Near All-Time High
GD sits 29% above its 52-week low of $306.027.
Summary
General Dynamics reported a second-quarter backlog of $136.5 billion, a massive figure that underscores the company's sustained demand across defense segments. This follows a strong Q1 where backlog grew significantly and full-year EPS guidance was raised. The backlog provides multi-year revenue visibility and reflects the ongoing defense spending upcycle, including recent major contract wins like the $1.4B Canadian armored vehicle deal. With the stock trading near its 52-week high, this backlog number reinforces the bullish thesis and supports continued earnings momentum.
At the time of this announcement, GD was trading at $395.45 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $106.3B. The 52-week trading range was $306.03 to $395.43. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.