General Dynamics’ Q1 Revenue Soars, Led by Marine and Aerospace (Connecting the Dots: General Dynamics, The Military & The Carnegie/Soros Network)
The
company’s shares rose more than 10 percent in early morning trading.
The
Epoch Times
Rob
Sabo
4/29/2026|Updated:
4/29/2026
Military contractor
General Dynamics on
April 29 reported revenue of $13.5 billion for the first quarter of fiscal
year 2026, a 10.3 percent year-over-year increase.
Revenue
spiked in the first fiscal quarter, which ended April 5, due to growth in all
four business segments, the Reston, Virginia-based defense and aerospace
company said in its earnings statement.
Marine
Systems had the biggest year-over-year boost, climbing by 21 percent to $4.34
billion; Aerospace revenue was up by 8.4 percent to $3.29 billion; Combat
Systems increased by nearly 5 percent to $2.28 billion; and Technologies jumped
by 4.2 percent to $3.57 billion.
“Our
first-quarter results reflect our strong operational execution and the robust
demand across our business segments,” said Phebe Novakovic, General Dynamics
chairman and CEO.
“We are
well-positioned to capitalize on growth opportunities in our core markets.”
General
Dynamic’s earnings per share of $4.10 was a 12 percent increase from the same
quarter in 2025 and topped analyst expectations of $3.69. The company’s shares
soared by more than 10 percent during the early morning trading.
“This
performance exceeded our own expectations,” the company’s president, Danny
Deep, said in a conference call with industry analysts.
“We
also had a terrific quarter from a cash flow perspective, together with strong
order intake which led to a larger backlog.”
General
Dynamics reported a $2.2 billion net cash inflow in the quarter, ending the
quarter with $3.7 billion in cash on its books. Order backlog, meanwhile,
totaled an estimated contract value of $188.4 billion across all four business
segments.
Aerospace
revenue jumped on the delivery of two additional aircraft in the quarter, Deep
noted, along with higher service revenue from wholly-owned subsidiaries
Gulfstream and Jet Aviation. The 38 Gulfstream jets delivered in the quarter
were the highest first-quarter total in company history, Deep said.
“We see
very active interest across all models in the U.S., but some cautious concern
for some customers in the Middle East,” Deep said.
Growth
in Marine systems was driven by increased throughput across all of General
Dynamics’ shipyards, which include Bath Iron Works in Bath, Maine; the Electric
Boat nuclear submarine facility in Groton, Connecticut; and NASSCO in San
Diego.
Deep
highlighted growth in General Dynamics’ U.S. Navy oiler fleet program at
NASSCO, as well as the Columbia- and Virginia-class submarine programs at
Electric Boat.
“We
have made significant investments in each of our shipyards, particularly at
Electric Boat, and we will continue to invest as we go forward to support the
additional demand we see,” Deep said.
General
Dynamics forecasts second-quarter earnings of $3.87 per share, along with a
full-year earnings forecast of $16.45, on the strength of continued demand in
the aerospace and defense segments.
Connecting
the Dots:
James L. Jones
Jr. was a director at the General Dynamics Corporation and
is a director for the Atlantic Council of the United States (think
tank).
Open Society Foundations was a funder for the Atlantic
Council of the United States (think tank).
George Soros is the founder & chairman for the Open
Society Foundations.
Colin L. Powell was
an honorary director at the Atlantic Council of the United States
(think tank) and the chairman for the Joint Chiefs of Staff.
James E.
Cartwright is a director at the Atlantic Council of the United
States (think tank) was the vice chairman for the Joint Chiefs
of Staff and a U.S. Marine Corps general.
Edmund P.
Giambastiani Jr. and is a director at the Atlantic Council of
the United States (think tank), was the vice chairman for the Joint
Chiefs of Staff and a U.S. Navy admiral.
Joseph W. Ralston is
a director at the Atlantic Council of the United States (think tank),
was the vice chairman for the Joint Chiefs of Staff and
a U.S. Air Force general.
Barry R.
McCaffrey was a director at the Atlantic Council of the United
States (think tank) and a professor at the U.S. Military
Academy (West Point).
Andrew
Goodpaster was a chairman for the Atlantic Council of the
United States (think tank) a chairman for the Atlantic Council
of the United States (think tank) and a superintendent for the U.S.
Military Academy (West Point).
Daniel W.
Christman was a director at the Atlantic Council of the United
States (think tank) and a superintendent for the U.S. Military
Academy (West Point).
George A. Joulwan was
a professor at the U.S. Military Academy (West Point) and is a
director at the Atlantic Council of the United States (think tank).
Carnegie
Corporation of New York was a funder for the Atlantic Council
of the United States (think tank) and a supporter for the American
Society for Muslim Advancement.
Ted Lieu was honored with
the Carnegie
Corporation of New York's Great Immigrants Award,
has represented California's 36th congressional district in the United
States House of Representatives since 2023 and is a member of the Congressional Progressive Caucus.
Astrid S. Tuminez was a program officer at the Carnegie
Corporation of New York and is the 7th President of the Utah
Valley University (Charlie Kirk Shooting).
Andrew Carnegie was
the founder of the Carnegie Corporation of New York.
Carnegie
Corporation of New York was a funder for the Atlantic Council
of the United States (think tank) and a supporter for the American
Society for Muslim Advancement.
Open Society Foundations was a funder for the Atlantic
Council of the United States (think tank).
George Soros is the founder & chairman for the Open
Society Foundations and was the chairman for the Foundation to
Promote Open Society.
Foundation to Promote Open Society was a funder for the Aspen
Institute (think tank).
Carnegie
Corporation of New York was a funder for the Aspen Institute
(think tank) and a supporter for the American Society for Muslim
Advancement.
Frederic V. Malek is
a trustee at the Aspen Institute (think tank) and was a board of
visitor’s member for the U.S. Military Academy (West Point).
Lester Crown was
a lifetime trustee at the Aspen Institute (think tank), a director
at the General Dynamics Corporation, is Lester Crown’s
father and a member of the Commercial Club of Chicago.
James S.
Crown is a trustee at the Aspen Institute (think tank), a
director at the General Dynamics Corporation, Lester
Crown’s son and a member of the Commercial Club of Chicago.
R. Eden Martin is
the president of the Commercial Club of Chicago and counsel
at Sidley Austin LLP.
Michelle Obama was
a lawyer at Sidley Austin LLP.
Barack Obama was
an intern at Sidley Austin LLP.
Newton N. Minow was
a senior counsel at Sidley Austin LLP, Nell Minow’s father,
a member of the Commercial Club of Chicago and an honorary
trustee at the Carnegie Corporation of New York.
Andrew Carnegie was
the founder of the Carnegie Corporation of New York.
Carnegie
Corporation of New York was a funder for the Atlantic Council
of the United States (think tank) and a supporter for the American
Society for Muslim Advancement.
James L. Jones Jr. is a director for the Atlantic Council of the United States (think tank), was a director at the General Dynamics Corporation and served as the 32nd Commandant of the U.S. Marine Corps.
Arnold L. Punaro was a major general for the U.S. Marine Corps and
is an advisory board member for the Center for a New American Security.
John R. Allen was
a general for the U.S. Marine Corps and is a director at
the Center for a New American Security.
Gregory S.
Newbold was a lieutenant general for the U.S. Marine Corps and
a director at the Center for a New American Security.
U.S. Marine Corps was a contributor for the Center for a New American Security.
Arnold L. Punaro was a major general for the U.S. Marine Corps and
is an advisory board member for the Center for a New American Security.
John R. Allen was
a general for the U.S. Marine Corps and is a director at
the Center for a New American Security.
Gregory S.
Newbold was a lieutenant general for the U.S. Marine Corps and
a director at the Center for a New American Security.
U.S. Marine Corps was a contributor for the Center for a New American Security.
Albright Group LLC was a contributor for the Center for a New
American Security.
Madeleine K. Albright was the founder of the Albright Group LLC, a director at the Center for a New American Security and an honorary director for the Atlantic Council of the United States (think tank).
Open Society Foundations was
a funder for the Atlantic Council of the United States (think tank).
George Soros is the founder & chairman for the Open
Society Foundations.
Thomas R.
Pickering is a director at the Atlantic Council of the United
States (think tank) and was the chairman of review board that
investigated the 2012 attack on U.S. consulate in Benghazi, Libya in
2013.
James E.
Cartwright is a director at the Atlantic Council of the United
States (think tank), was the vice chairman for the Joint Chiefs of
Staff and a U.S. Marine Corps general.
James
L. Jones Jr. is a director at the Atlantic Council of the
United States (think tank), was the supreme allied commander – Europe
for NATO, the commander, U.S. European Command for the U.S.
Department of Defense, the national security adviser for the Barack
Obama administration, a director at the General Dynamics
Corporation and a general in the U.S. Marine Corps.
Anthony
C. Zinni is a director at the Atlantic Council of the United
States (think tank) and was a general in the U.S. Marine Corps.
Carlton
W. Fulford Jr. is a director at the Atlantic Council of the
United States (think tank) and was a general in the U.S.
Marine Corps.
Arnold L.
Punaro is a director at the Atlantic Council of the United
States (think tank) and was a major general in the U.S. Marine
Corps.
Carnegie
Corporation of New York was a funder for the Atlantic Council
of the United States (think tank) and a supporter for the American
Society for Muslim Advancement.
Ted Lieu was honored with
the Carnegie
Corporation of New York's Great Immigrants Award,
has represented California's 36th congressional district in
the United States House of Representatives since 2023 and is a member
of the Congressional Progressive Caucus.
Astrid S. Tuminez was a program officer at the Carnegie
Corporation of New York and is the 7th President of the Utah
Valley University (Charlie Kirk Shooting).
Andrew Carnegie was
the founder of the Carnegie Corporation of New York.
Carnegie
Corporation of New York was a funder for the Atlantic Council
of the United States (think tank) and a supporter for the American
Society for Muslim Advancement.
Open Society Foundations was a funder for the Atlantic
Council of the United States (think tank).
George Soros is the founder & chairman for the Open
Society Foundations and was the chairman for the Foundation to
Promote Open Society.
Foundation to Promote Open Society was a funder for the Aspen
Institute (think tank).
Carnegie
Corporation of New York was a funder for the Aspen Institute
(think tank) and a supporter for the American Society for Muslim
Advancement.
Frederic V. Malek is
a trustee at the Aspen Institute (think tank) and was a board of
visitor’s member for the U.S. Military Academy (West Point).
Lester Crown was
a lifetime trustee at the Aspen Institute (think tank), a director
at the General Dynamics Corporation, is Lester Crown’s
father and a member of the Commercial Club of Chicago.
James S.
Crown is a trustee at the Aspen Institute (think tank), a
director at the General Dynamics Corporation, Lester
Crown’s son and a member of the Commercial Club of Chicago.
R. Eden Martin is
the president of the Commercial Club of Chicago and counsel
at Sidley Austin LLP.
Michelle Obama was
a lawyer at Sidley Austin LLP.
Barack Obama was
an intern at Sidley Austin LLP.
Newton N. Minow was
a senior counsel at Sidley Austin LLP, Nell Minow’s father,
a member of the Commercial Club of Chicago and an honorary
trustee at the Carnegie Corporation of New York.
Andrew Carnegie was
the founder of the Carnegie Corporation of New York.
Carnegie
Corporation of New York was a funder for the Atlantic Council
of the United States (think tank) and a supporter for the American
Society for Muslim Advancement.
James
L. Jones Jr. is a director at the Atlantic Council of the
United States (think tank), was the supreme allied commander – Europe
for NATO, the commander, U.S. European Command for the U.S.
Department of Defense, the national security adviser for the Barack
Obama administration, a general in the U.S. Marine Corps and a
director at the General Dynamics Corporation.
James N. Mattis was
the supreme allied commander for NATO and is a director at
the General Dynamics Corporation.
John M. Keane is
a director at the General Dynamics Corporation and was a trustee at
the RAND Corporation.
Carnegie
Corporation of New York was a funder for the RAND Corporation,
the Nuclear Threat Initiative (think tank) and a supporter for
the American Society for Muslim Advancement.
David A. Hamburg was
the president emeritus for the Carnegie Corporation of New York, Margaret
A. Hamburg’s father and an adviser for the Nuclear Threat
Initiative (think tank).
Margaret A.
Hamburg is David A. Hamburg’s daughter, the VP for
the Nuclear Threat Initiative (think tank) and was the commissioner
for the U.S. Food and Drug Administration (FDA).
Carnegie
Endowment for International Peace (think tank) was a
funder for the Nuclear Threat Initiative (think tank).
Open Society Foundations was a funder for the Carnegie
Endowment for International Peace (think tank).
George Soros is the founder & chairman for the Open
Society Foundations and was the chairman for the Foundation to
Promote Open Society.
Foundation to Promote Open Society was a funder for the Carnegie
Endowment for International Peace (think tank).
Andrew Carnegie was
the founder of the Carnegie Endowment for International Peace (think
tank) and the founder of the Carnegie Corporation of
New York.
Ted Lieu was honored with the Carnegie
Corporation of New York's Great Immigrants Award,
has represented California's 36th congressional district
in the United States House of Representatives since 2023 and is a
member of the Congressional Progressive Caucus.
Astrid S. Tuminez was a program officer at the Carnegie
Corporation of New York and is the 7th President of the Utah
Valley University (Charlie Kirk Shooting).
Andrew Carnegie was
the founder of the Carnegie Corporation of New York and the founder
of the Carnegie Endowment for International Peace (think tank).
Donald Kennedy was
a trustee at the Carnegie Endowment for International Peace (think
tank) and a commissioner for the U.S. Food and Drug Administration
(FDA).
James F. Collins is
a senior associate at the Carnegie Endowment for International Peace
(think tank) and was a U.S. ambassador for Russia.
John F. Tefft is
a U.S. ambassador for Russia, was a U.S. ambassador for the Ukraine,
and an executive director, RAND Business Leaders Forum for
the RAND Corporation.
Ratan N. Tata was
a trustee at the RAND Corporation, is the chair for the RAND's
Center for Asia Pacific Policy, and a trustee at the Carnegie
Endowment for International Peace (think tank).
Andrew Carnegie was
the founder of the Carnegie Endowment for International Peace (think
tank) and the founder of the Carnegie Corporation of New York.
Carnegie
Corporation of New York was a funder for the RAND Corporation,
the Carnegie Endowment for International Peace (think tank), the Atlantic
Council of the United States (think tank) and a supporter for the American
Society for Muslim Advancement.
James
L. Jones Jr. is a director at the Atlantic Council of the
United States (think tank), was the supreme allied commander – Europe
for NATO, the commander, U.S. European Command for the U.S.
Department of Defense, the national security adviser for the Barack
Obama administration, a general in the U.S. Marine Corps and a
director at the General Dynamics Corporation.
James N. Mattis was
the supreme allied commander for NATO and is a director at
the General Dynamics Corporation.
John M. Keane is
a director at the General Dynamics Corporation and was a trustee at
the RAND Corporation.
Carnegie
Corporation of New York was a funder for the RAND Corporation,
the Nuclear Threat Initiative (think tank) and a supporter for
the American Society for Muslim Advancement.
Ted Lieu was honored with the Carnegie
Corporation of New York's Great Immigrants Award,
has represented California's 36th congressional district in the United
States House of Representatives since 2023 and is a member of the Congressional Progressive Caucus.
Astrid S. Tuminez was a program officer at the Carnegie
Corporation of New York and is the 7th President of the Utah
Valley University (Charlie Kirk Shooting).
Andrew Carnegie was
the founder of the Carnegie Corporation of New York and the founder
of the Carnegie Endowment for International Peace (think tank).
Resources:
Past Research
Federal
Judge Dismisses Criminal Case Against Boeing for 737 MAX Crashes (Connecting
the Dots: The Boeing Company, The General Dynamics Corporation (Manufacturer
For Aircraft Flight Control Systems), The Federal Aviation Administration
(FAA), Chief Judge Reed O'Connor, The Phi Beta Kappa Society & Soros
Funding, All Networking) (Past Research on the
General Dynamics Corporation)
Friday,
November 7, 2025
https://thesteadydrip.blogspot.com/2025/11/federal-judge-dismisses-criminal-case.html
Smaller
Bites: Connecting the Dots CNN, West Point, Joint Chiefs of Staff & Soros
Funding, All Networking (Past Research on the Military)
Wednesday,
September 20, 2023
https://thesteadydrip.blogspot.com/2023/09/smaller-bites-connecting-dots-cnn-west.html
Sen.
Warren Presses Amazon on Algorithmic Pricing for Schools (Connecting the Dots:
Senator Elizabeth Warren, Ganesh Sitaraman, The Center for American Progress,
Amazon, HUD, The U.S. Federal Trade Commission, The Urban Institute, The U.S.
Department of Education & The Carnegie/Soros Network) (Past Research on the Carnegie Corporation New York)
Thursday,
March 12, 2026
https://thesteadydrip.blogspot.com/2026/03/sen-warren-presses-amazon-on.html
Hegseth's
Moves to Slash Generals Stokes Experts' Concerns (Connecting the Dots: All
Branches of the Military, The Center for a New American Security, The Center
for Strategic and International Studies (think tank), The Atlantic Council of
the United States (think tank), Benghazi Investigator & Soros Funding, All
Networking) (Past Research on the U.S. Marine Corps)
Saturday,
May 10, 2025
https://thesteadydrip.blogspot.com/2025/05/hegseths-moves-to-slash-generals-stokes.html
NATO,
Russia Hold Identical Arctic Training Programs (Past
Research on the RAND Corporation)
Wednesday,
May 27, 2015
https://thesteadydrip.blogspot.com/2015/05/nato-russia-hold-identical-arctic.html
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