General Dynamics says Aerospace unit continues to see strong demand

Says overall plane deliveries “fell short of plan” in Q4. Says G700 deliveries lacked due to late arriving engines and rework. Says supply chain “performing much better to schedule.” Says continues to increase productivity and cut costs. Says Q4 was a “strong cash quarter.” Sees FY25 CapEx “relatively flat” vs. 2024. Expects to continue to fund dividend and buy shares “when appropriate.” Sees FY25 tax rate ~17.5%; 13.7% operating margin. Comments taken from Q4 earnings conference call.