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General Dynamics Awarded $229.66M Contract Modification
General Dynamics was awarded a $229.66M fixed-price incentive modification to a previously awarded contract for the procurement of 188 additional Hammerhead units and eight complementary peculiar support equipment sets. Work is expected to be completed by October 2028. FY25 weapons procurement funds in the amount of $229.66M will be obligated at time of award and will not expire at the end of the current fiscal year. This contract action was not competitively procured in accordance with 10 U.S. Code 3204. Naval Sea Systems Command is the contracting activity.
Company Reports Strong Q2 Contributions, Sees 105% Free Cash Flow Conversion Rate for FY26
Says each segment "contributed nicely" in Q2. Says backlog a record high for each segment. Backs FY26 CapEx view 3.5%-4% of sales. Sees FY26 free cash flow conversion rate 105%. Comments taken from Q2 earnings conference call.
FY26 Revenue Expected at $55.7B
FY26 consensus $16.69. Sees FY26 revenue $55.7B, consensus $55.4B.
Expects Combat Systems Revenue of About $9.8B in 2026
Expects combats systems 2026 revenue of about $9.8B, 13.8% operating margin; Expects technologies segment 2026 revenue of $14.1B, operating margin of 9.4%; Expects Marine segment 2026 revenue around $18B, operating margin of 7.4%.
General Dynamics Says Momentum Continues to Build at Shipyards
General Dynamics says momentum 'continues to build' at shipyards
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