What Happened
Defense Contractor Posts Strong Earnings, Record Backlog
General Dynamics has reported strong Q3 earnings, beating Wall Street expectations with adjusted diluted earnings of $4.49 per share and revenue of $14.6 billion. The defense contractor also raised its full-year profit outlook and reported record orders and backlog. According to InvestingPro data, the company has consistently delivered strong financial performance, with a dividend yield of 1.71% and 6% dividend growth over the last twelve months. This earnings report was first covered by InvestingPro.