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General Dynamics tops quarterly estimates on robust Gulfstream, marine bookings
Mark Gilliam
Mark Gilliam
Senior Reporter · West Fargo, ND
Mark Gilliam brings a decade of experience in business reporting to Fargo Current, previously writing for the Grand Forks Herald. He holds a degree in Business Administration from the University of North Dakota and specializes in local economic trends and business development.
More from Mark →Senior Reporter · Friday, October 30, 2026 at 1:23 PM · 1 min read
Oct 30 (Reuters) General Dynamics on Friday beat Wall Street expectations for third-quarter profit and revenue on strong bookings in its Gulfstream business jet and shipbuilding units, sending the defense contractor s shares up about 4% before the bell. The company recorded another strong quarter on higher Gulfstream jet deliveries, improving aerospace margins and steady progress on submarine production and robust bookings. Total bookings during the quarter were 6.8 times billings, underscoring strong demand for the company s defense and aerospace products. General Dynamics said in July that supply-chain challenges were easing across its Gulfstream and Marine businesses, allowing it to ramp up production and reduce backlogs. Quarterly Gulfstream aircraft deliveries rose to 40 aircraft from last year s 39. The company is benefiting from strong demand for premium business jets, with aerospace orders reaching $5 billion in the quarter, while rising US and European defense spe
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