General Dynamics reports backlog of $91.1B, highest in company’s history

Orders remained strong across the company with a consolidated book-to-bill ratio, defined as orders divided by revenue, of 1.2-to-1 for the quarter and 1.1-to-1 for the year. Backlog of $91.1 billion was the highest in the company’s history. In addition to backlog, estimated potential contract value, representing management’s estimate of additional value in unfunded indefinite delivery, indefinite quantity contracts and unexercised options, was $36.6 billion at year end. Total estimated contract value, the sum of all backlog components, was $127.7 billion at the end of the year. In the Aerospace segment, backlog grew in the quarter to $19.5 billion, up 19.8% from the year-ago quarter. Aerospace book-to-bill was 1.2-to-1 for the quarter and 1.5-to-1 for the year.