Defense Business GrowthGD's exposure to geopolitical tensions in the Pacific, Europe, and elsewhere are drivers of ramping defense business growth.
Increased Sales GuidanceBuoyed by robust Q2, GD hiked its 2024 sales guide for Combat & Marine a combined $0.8-1.0B, implying a 6% total defense sales gain in 2024 with 20bps y/y margin lift to 13.0%.
Strong Backlog And DemandCombat Systems’ 1.5x book-to-bill in 2Q is demonstrative of accelerating demand, and its $16.0bn of funded backlog represents over 1.8 years of Combat Systems revenue.