General Dynamics Corporation reports developments across its aerospace and defense portfolio, including Gulfstream business aviation, ship construction and repair, land combat vehicles, weapons systems and munitions, and technology products and services. News commonly covers quarterly results, order activity, backlog, cash generation, capital spending and dividend actions.
Company updates also include contract awards and partnerships involving General Dynamics Information Technology, including C5ISR modernization, artificial intelligence and cloud-related defense solutions. Coverage reflects the company's aerospace, marine, combat systems and technologies segments and its role as a supplier to military, government and business aviation customers.
The board of directors of General Dynamics (NYSE: GD) has declared a regular quarterly dividend of $1.10 per share on common stock. This dividend is payable on November 13, 2020, to shareholders recorded by October 9, 2020. General Dynamics, a global aerospace and defense company headquartered in Reston, Virginia, generated $39.4 billion in revenue in 2019 and employs over 100,000 individuals worldwide. The announcement reflects the company's ongoing commitment to returning value to shareholders.
General Dynamics (NYSE: GD) reported strong second-quarter 2020 results, with net earnings of $625 million and revenue of $9.3 billion, leading to a diluted EPS of $2.18. The company successfully delivered 32 aircraft, an increase from 23 in the previous quarter. Cash flow demonstrated significant growth, with $843 million generated from operating activities and $622 million of free cash flow. Backlog rose to $82.7 billion, 22% higher year-over-year, including significant contract awards totaling over $12 billion, strengthening GD's financial outlook.
General Dynamics (NYSE: GD) announced it will webcast its second-quarter 2020 financial results conference call on July 29, 2020, at 9 a.m. EDT. The live event can be accessed through www.gd.com, with a replay available shortly after the presentation. This webcast is part of General Dynamics’ effort to provide timely financial updates to shareholders and the public.