Combat Systems DemandRecord 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.
Defense Business GrowthGD’s exposure to geopolitical tensions in the Pacific, Europe, and elsewhere are drivers of ramping defense business growth.
Financial PerformanceInvestor sentiment on GD has steadily improved largely on the view that GD should have the highest FCF growth among peers when everything works.