Defense GrowthMulti-year budget procurement awards provide a highly favorable backdrop for margin expansion at Combat Systems.
EarningsRecord bookings in 2Q24 reflected a BtB of 1.5x, with increased production of artillery, coupled with strong domestic M1Abrams tank demand, further supported by significant international demand for wheeled vehicles.
Production MilestonesEASA certification and subsequent deliveries of the G700 as important milestones as Gulfstream ramps production and progress continues on the G800.