Sign In
Search
Business/Financial

GD Lowers Earnings Guidance On Fewer Planned Business Jet Deliveries

DDN
SHARE:

By Calvin Biesecker General Dynamics [GD] yesterday lowered its earnings guidance for the year based on a decision it made to cut back on planned aircraft production rates this year at its business jet division due to weakening demand. The new guidance is between $6 and $6.10 earnings per share (EPS) versus the previous forecast of between $6.70 and $6.75 EPS. GD said its business jet backlog is deteriorating but provided no specific details. The company will reduce production of…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Budget

Senate Appropriators Concerned With DoD’s Reconciliation Plan For Top FY ‘27 Priorities, Aide Says

Navy/USMC

Navy Establishes Three More PAEs For Aviation, Mission Systems, Munitions

Business/Financial

SpaceX’s IPO Filing Gives First Look Into Company’s Financials

Business/Financial

York Space Systems To Acquire Space Solar Tech Company Solestial To Shore Up Supply Chain

Trending

Space Force Awards Viasat And Intelsat General $438 Million For Continued Work On PTS-G
Coast Guard Plans R&D Effort With Lockheed Martin To Assess HPMs To Stop Small Boats
Perennial Autonomy Nabs $500 Million DoD Counter-Drone Contract
Lockheed Conducts Successful Seeker Test For QuadStar Missile Competing For Army’s NGSRI
Defense Watch: F-35 News, Big GD Sub Award, E-7 Reversal, UxS News

Congress Updates

Navy/USMC

Senators Push Navy Against Single Destroyer Request In FY ’27

The chairman of the Senate Armed Services Committee (SASC) and the two senators from Maine last week pushed back on Navy officials for only requesting one Arleigh Burke-class destroyer (DDG-51) […]

Navy/USMC

Navy Looks To Eventually Assemble Battleship At HII Newport News; Faces More Dem Opposition

The Navy told lawmakers this week it found a dry dock at HII’s [HII] Newport News Shipbuilding shipyard it thinks can use for final assembly of the new Trump-class battleship […]

Navy/USMC

Navy Leaders Downplay Looking At Foreign Navy Shipbuilding Amid Lawmaker Objections

The Navy’s top leaders this week seemed to downplay and back down on the service potentially using foreign shipyards to build U.S. Navy ships or buying foreign designed warships overseas […]

Army

Senate Defense Appropriators See ‘Risk’ With Army’s Reconciliation Plan To Fund Munitions Increase

The Senate’s top defense appropriators cited concern this week with the Army’s request to fund the majority of its large increase to munitions procurement in fiscal year 2027 through the […]

The Force Multipliers

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Job Feed

Post a Job // Post a Resume