General Dynamics stock weighs record backlog after Q3 surge
Published on 11/07/2026 at 11:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGrowth And Leadership Shape The Week
- Third-quarter revenue rose 12.9 percent year over year, while diluted earnings per share increased 15.7 percent.
- Submarine awards drove a record backlog as Amy Johnson took over General Dynamics Information Technology on November 3.
General Dynamics reported broad-based third-quarter growth on Friday, October 30, as major submarine awards lifted orders and the defense contractor raised its full-year outlook. The company said revenue rose 12.9 percent year over year to 14.6 billion US dollars, while diluted earnings per share increased 15.7 percent to 4.49 US dollars.
The company also reported a 6.8-to-1 book-to-bill ratio and a backlog of 220.3 billion US dollars at quarter-end. Defense orders totaled 93.8 billion US dollars, led by awards for Virginia- and Columbia-class submarines, while Aerospace added 5 billion US dollars in orders.
Backlog Supports Forward Visibility
General Dynamics said total estimated contract value reached 270.7 billion US dollars, including 50.4 billion US dollars in potential value from unfunded contracts and unexercised options. The figures point to substantial contracted work ahead, although delivery timing and execution remain important for revenue conversion and margins.
The company provided the results in its third-quarter results release.
GDIT Enters A New Phase
Amy Johnson became president of General Dynamics Information Technology on Tuesday, November 3. The company announced the appointment on October 23, saying Johnson brought 27 years of experience across engineering, cybersecurity, defense electronics, space and intelligence systems. Her move places a long-serving Mission Systems executive at the helm of the technology unit.
General Dynamics stock traded at 317.75 euros on Lang & Schwarz at 10:56 CET on Saturday, November 7, 2026. Investors can follow the real-time quote of General Dynamics stock.
General Dynamics Corporation
- ISIN: US3695501086
- NYSE ticker: GD
- Latest Lang & Schwarz quote: 317.75 euros at 10:56 CET on November 7, 2026
- Third-quarter revenue: 14.6 billion US dollars, up 12.9 percent year over year
- Third-quarter diluted EPS: 4.49 US dollars, up 15.7 percent year over year
- Backlog: 220.3 billion US dollars at quarter-end
- Sector: Industrials
- Industry: Aerospace and Defense
In the broader market, the S&P 500 remains the relevant benchmark for this US-listed defense and aerospace company.
