General Dynamics reported robust financial performance for Q3 2024, with revenue increasing 10.4% to $11.67 billion and operating earnings rising 11.7% to $1.18 billion. The Aerospace segment led growth with a 22.1% revenue increase, while Marine Systems saw a 19.9% revenue jump. Combat Systems and Technologies segments also showed solid results.For the first nine months of 2024, revenue grew 12.3% to $34.38 billion, with operating earnings up 14.1% to $3.37 billion. The company's total backlog reached $92.6 billion at quarter-end. Notably, the Aerospace segment achieved a book-to-bill ratio of 1-to-1 for the first nine months, despite nearly 30% revenue growth year-over-year.General Dynamics maintained its strong cash position, ending Q3 with $2.1 billion in cash and equivalents. The company continued its shareholder-friendly policies, increasing its quarterly dividend by 7.6% to $1.42 per share. Management expressed confidence in the company's ability to meet full-year targets across all segments, despite ongoing supply chain challenges and geopolitical uncertainties.

General Dynamics reported robust financial performance for Q3 2024, with revenue increasing 10.4% to $11.67 billion and operating earnings rising 11.7% to $1.18 billion. The Aerospace segment led growth with a 22.1% revenue increase, while Marine Systems saw a 19.9% revenue jump. Combat Systems and Technologies segments also showed solid results.For the first nine months of 2024, revenue grew 12.3% to $34.38 billion, with operating earnings up 14.1% to $3.37 billion. The company's total backlog reached $92.6 billion at quarter-end. Notably, the Aerospace segment achieved a book-to-bill ratio of 1-to-1 for the first nine months, despite nearly 30% revenue growth year-over-year.General Dynamics maintained its strong cash position, ending Q3 with $2.1 billion in cash and equivalents. The company continued its shareholder-friendly policies, increasing its quarterly dividend by 7.6% to $1.42 per share. Management expressed confidence in the company's ability to meet full-year targets across all segments, despite ongoing supply chain challenges and geopolitical uncertainties.