All up, the defense business has been seriously impacted but is holding up and recovering well as you will see in the details. ET Contents: Prepared. The Best Defense Stocks For Today — And The Future Yahoo 04/29 13:01 ET. And then the last one, Jason mentioned you had $400 million in advances COVID cares related and yet you advanced $1.7 billion to your supplier. William A. Moss - General Dynamics Corp. Jason W. Aiken - General Dynamics Corp. Analysts. Cumulative Growth of a $10,000 Investment in Stock Advisor, General Dynamics (GD) Q3 2020 Earnings Call Transcript @themotleyfool #stocks $GD. And when might we see it if that's the case? OK. Yeah, understood. AngioDynamics Inc (ANGO) Q2 2021 Earnings Call Transcript. Good morning and welcome to the General Dynamics Second Quarter 2019 Earnings Conference Call. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. Does this suggest that you're thinking differently about how you manage from the corporate center? Call Participants. We will give you greater specificity on all of this on the fourth-quarter call after our planning is complete. We saw strong momentum on the growth front at GDIT with the largest award quarter this year and significant contract wins across all markets including over $1.5 billion of awards in our federal, civilian and defense divisions. But in addition to efficiency, the number of airplanes delivered really drive EBIT. ET. General Dynamics (GD) Up 2.4% Since Last Earnings Report: Can It Continue? There will also be a modest reduction in midsized aircraft. As you know, the G550 will go out of production next year, so there will be 13 fewer G550 deliveries. And our next question today comes from Carter Copeland with Melius Research. So a solid foundation for resumed growth as we emerge from the pandemic. General Dynamics Corp (NYSE: GD) Q2 2019 Earnings Call Jul 24, 2019, 9:00 a.m. General Dynamics' Q2 Earnings Beat, Backlog Up Y/Y reuters . Was this share gains, new contract wins? General Dynamics Corp. (NYSE:GD) Q3 2017 Earnings Call. It's sort of set on a path with timing to eventually unwind that working capital over the next three years. Please go ahead. But let me just give you some idea of what's going on, on the order front at GDIT. And let's not forget also, we've got over 450 G650s out in the fleet. In short, the pandemic remains an issue, but we have dealt with the health of our workforce in an effective way and continue to do so. Contents: Prepared Remarks. Image source: The Motley Fool. July 26, 2017 9:00 am ET. Navy Asks Shipbuilders: Can You Build Us a Warship for Just $100 Million? Defense Stock Q2 Earnings Reports Due on Jul 29: BA & GD Monday, 27 July 2020 reuters. And then there were some things that really fit right into that like unmanned undersea. And then as I noted, we continue to work on margin expansion. The largest number of deliveries within that mix was the G650 model. | Source: Motley Fool General Dynamics Corporation's (GD) CEO Phebe Novakovic on Q3 2020 Results - Earnings Call Transcri Oct. 28, 2020 | Price: Free! Just recall, that implies a somewhat higher tax rate in the fourth quarter to get to that full-year rate. And so that kind of comes off the balance sheet naturally. Phebe, for you, I know you talked about Gulfstream demand, but I just wanted to ask from one other angle, has the customer mix lately, since COVID, changed between the number of high net worth individuals versus corporate buyers? General Dynamics Corp (NYSE: GD) Q2 2019 Earnings Call Jul 24, 2019, 9:00 a.m. So just what's driving that fourth quarter? And we've long talked about that strong operations is the key to financial success, adding good contract bidding. Image source: The Motley Fool. Phebe N. Novakovic — Chairman and Chief Executive Officer. Combat systems had nice order activity in the quarter with over $1.65 billion in funded orders. And then the other side obviously is Gulfstream with the inventory build that really is largely associated with three different aircraft models with test aircraft. That was appropriate when we had all existing long-term airplanes that had been in the backlog for some time. » General Dynamics' CEO Discusses Q4 2010 Results - Earnings Call Transcript Good day, ladies and gentlemen, and welcome to the Third Quarter 2011 General Dynamics Earnings Conference Call. Executives. At Mission, you noted expansion into naval, air and electronic systems. Prepared Remarks: Operator. Well, look, let us continue to work that. Good morning. General Dynamics Corp. (NYSE:GD) Q2 2017 Earnings Call. General Dynamics (GD) Q2 2017 Results - Earnings Call Transcript. And our next question today comes from Richard Safran with Seaport Global. And can we expect revenues to accelerate from here and to hold on to this operating margin? Ronald J. Epstein - Bank of America Merrill Lynch. Phebe, it wasn't too long ago that you used to provide kind of backlog duration by platform at Gulfstream. General 2, … Image source: The Motley Fool. OK. And then just one for you, Jason. But as I also noted, we are seeing international pickup is nice, and high net worth individuals continue to be in the market. This is not bad considering the divestiture of our ground-based satellite antenna business in the second quarter and the impact of COVID-19. I want to know if you could elaborate on that a bit more. OK. That's all for me today. Please go ahead. » General Dynamics Corporation Q3 2009 Earnings Call Transcript Thank you, Jay, and good morning, everyone. Market data powered by FactSet and Web Financial Group. I mean, if I look at the balance sheet in the Q3, it looks like between -- the working capital would have been $10 million worse with receivables and unbilled receivables, etc. We're sticking to our operations, doing what we do best. This is, as we've been talking about for some time, an enormous program of critical national importance. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. [Operator instructions] I would now like to turn the conference over to Howard Rubel, vice president of investor relations. As Phebe noted, the backlog held up particularly well given the impacts of COVID so far this year. From an order perspective, GDIT's wins in the quarter, a number of which are highlighted in our release, demonstrate that GDIT is gaining traction and expanding their footprint in key technology focus areas, such as cloud computing, cybersecurity, artificial intelligence and digital modernization. Third, we have a well-earned reputation with the Army for high-quality, on-schedule and on-budget performance that is unrivaled in the industry. And again, they have continued to have outstanding cash performance. General Dynamics (NYSE: GD) Q4 2017 Earnings Conference Call Jan. 24, 2018 9:00 a.m. So the aerospace impact of $541 million of COVID, what do you base that on? Through the end of the third quarter, we've received approximately $400 million of accelerated payments from our customers and advanced more than $1.7 billion to our suppliers. And the unwinding of that, those test aircraft as well as just the general inventory build into new aircraft models, is all going to be predicated on the macroeconomic recovery and when that production rate gets back into full stride and starts to unwind that. I'm certain there'll be a bunch of questions on Gulfstream. At this point, we expect interest expense for the year to be approximately $480 million. Thursday December 17th, 5:30pm ET. But look, there's -- I wouldn't say that we don't expect book-to-bill to stay the same in perpetuity. Just any color you could provide there? If you experience any issues with … Any forward-looking statements made today represent our estimates regarding the company's outlook. First of all, perhaps on GDIT, you had quite a few comments there, Phebe, about the demand environment, the bidding that this business has been doing. We have a number of nice enduring wins in the quarter. As Phebe talked about as well with some of that portfolio shaping, some of that is to get out of noncore businesses, and by association, in many cases, some less-than-desired margin businesses. Pre-pandemic, we had planned to make up that shortfall by delivering more of the other large cabin aircraft. In the quarter, our overall win rate was in excess of 75% and our recompete win rate was over 90%. Prepared Remarks: Operator. So as their need and the clarity around its use, with respect to 5G, in this instance, gets increasingly clear, we'll be there to work with them. [Operator instructions] Today's first question comes from Ron Epstein with BofA. And then I have one follow-up after that. Prepared Remarks: Operator. With that complete, it's my pleasure to turn the call over to our chairman and chief executive officer, Phebe Novakovic. So internationally, we saw more of a pickup. So think about what we did very quickly in response to COVID. On the defense side, our Pentagon customer continues to lean forward with accelerated contract payments to support the industrial base and we, in turn, continue to do the same for our supply chain. These third quarter submittals are additive to billions of dollars of prior proposal submissions awaiting customer decision. How are you? This is a transcript of that earnings call: Company Participants Erin Linnihan; General Dynamics; Investor Relations Phebe Novakovic; General Dynamics; Chairman & CEO General Dynamics Q4 2009 Earnings Conference Call Transcript – 2010-01-27 – US$ 54.00 – Final Transcript of GD earnings conference call or presentation, 27-Jan-10 11:30am ET General Dynamics at Bank of America Securities Merrill Lynch Industrials Conference Transcript – 2009-12-08 – US$ 54.00 – Final Transcript of GD presentation, 8-Dec-09 9:50am ET And we're not going to start that until these have been in our production for some time. And I -- Jason, I don't know if you recall those numbers, but it was a lot of revenue that carried no earnings. The year-to-date figures show a 4.5% growth in revenue and a 2.8% growth in earnings, pretty impressive given the COVID-related problems which were incurred early in the year, particularly in Spain. First, we are, without question, the premier integrator of land combat systems worldwide. Is that deliveries you planned to do that you didn't do? Was this expansion into new markets? OK. And I had a quick one for Jason. ... and welcome to the General Dynamics First Quarter 2019 Earnings Conference Call. aerospace had revenue of $1.98 billion and operating earnings of $283 million with a 14.3% operating margin. For the defense businesses alone, the year-to-date revenue is up $98 million, and operating earnings are down only $51 million. OK. And as a follow-up I guess Jason, on free cash flow as we think about next year. If you experience any issues with … So by year-end, we should have over 90 aircraft in this family in customers' hands. And so we're going to continue to do that as the impact of the pandemic continues. … General Dynamics Corp. (NYSE:GD) Q2 2017 Earnings Call. Please go ahead. Cai von Rumohr -- Cowen and Company -- Analyst. As we discussed last quarter, we are working hard to protect our people. 7/27/17. As you all are aware, most of the revenue and earnings shortfall this year to date has occurred in our aerospace segment which saw significant write-offs last quarter associated with reductions in force at both Gulfstream and Jet Aviation. We have -- and we've geared up to both facilities to support it as well as prepared all of our manufacturing processes to support it. That brings the interest expense for the first nine months of the year to $357 million, roughly unchanged from $350 million for the same period in 2019. Well, let me address that. I was pretty I think fulsome in my remarks about the demand environment, but we saw good order activity internationally. Undergirding combat systems strengths are several important facts that I am not sure are well understood by investors. So that tells me that all of the growth that's embedded in those current budget numbers and future year budget numbers within the Department of the navy are going to be able to be capitalized by us and nice, nice top-line growth. These estimates are subject to some risks and uncertainties. We lowered our production. In the naval business, there's been some discussions and whispers about a third Virginia class. Second, we are the U.S. Army's leading source of innovation through our rapid prototyping facility in Sterling Heights, Michigan. Call Participants. General Dynamics (NYSE: GD) Q4 2017 Earnings Conference Call Jan. 24, 2018 9:00 a.m. ET Contents: Prepared. Samuel J. Good morning, and welcome to the General Dynamics Fourth Quarter and Full Year 2018 Earnings Conference Call. William A. Moss - General Dynamics Corp. Jason W. Aiken - General Dynamics Corp. Analysts. So with that as a backdrop, we continue to target free cash flow for the year to be in the 80% to 85% of net income range. Before I address the company's quite good performance in the quarter, let me briefly update you on COVID-19's continuing impact. And then given that it looks like the decremental margins on the revenues you missed were 22%, would the profitability -- I assume the profitability would have been even better if you'd gotten those deliveries? That said, our forecast for the quarter is right in line with what the fourth quarter has looked like in each of the past three years, so not an unusual task at this point. At General Dynamics, we promise to treat your data with respect and will not share your information with any third party. General Dynamics Corp (GD) Q1 2020 Earnings Call Transcript Yahoo 04/29 14:01 ET. This is a work in process, but on balance, I am confident that we are on a path to improved operating margins. There's really nothing on our horizon at the moment. There's not an expectation that book-to-bill improves materially there? Finally, we had previously forecast full-year deliveries for 2020 of 125 to 130. They blend well together. That has been an extraordinarily successful airplane and continues to endure and successfully endure. Alison Harbrecht - General Dynamics Corp. Phebe N. Novakovic - General Dynamics Corp. Jason W. Aiken - General Dynamics Corp. Analysts. We did it in two respects. It now appears that we will be right around 130. GD | Complete General Dynamics Corp. stock news by MarketWatch. Notably, this growth is broad based with year-over-year increases in four of our five segments. Now within that, we have also, quite predictably, and as we told you, rightsized that business and will continue to do so, so that we manage our margins and really push them to be as high as they can. Phebe, you mentioned earlier about leveraging the breadth of GD -- of the corporation for opportunities. Prepared Remarks: Operator. The Earnings Whisper Score gives the statistical odds for the stock ahead of earnings. Operator, we'll take one more question please. In the meantime, our priority is to make sure that our supply chain which is we're all in a symbiotic relationship here, and what's good for one is good for the other. Ron Epstein -- Bank of America Merrill Lynch -- Analyst. More to come. So I think you'll see that phased out as this pandemic starts to abate and the customer sort of moves its payment practices back to normal and we'll, in kind, sort of move back to a normal cadence from our perspective. And so I think that that's an important indicator of this business on a going-forward basis. Please go ahead. When you look at -- there's been discussion I guess Secretary Esper was talking about a 550-ship navy. So I think it's important when you see these really critical important franchises that you divest yourself of non-core businesses and that's exactly what we've done. So with respect to forecasting, I think the guidance we gave you last quarter is still our best view. View the Presentation BlackBerry Analyst Summit 2020 View the Presentation Current Stock Quote. Thanks for the color on Gulfstream as you looked out to 2021 deliveries. The 9.3% operating margin is handsome. So I don't want to put too many caveats around it, but I think the most important takeaway is we expect to see growing free cash flow year over year, and we'll work out the details as to whether we get to or above 100% as we were projecting before the pandemic. Well, I think ascribing motive to people is very difficult, but the high net worth individuals have always been an important part of our portfolio, and they remain that -- they remain so. General Dynamics Corp. (NYSE:GD) Q3 2017 Earnings Call. Jason W. Aiken — Senior Vice President and Chief Financial Officer. General Dynamics Q2 2020 Earnings Call Transcript Wednesday, 29 July 2020 zacks. In a world where on the battlefield, GPS reliability is questionable, that's a key and critical factor that we have developed over quite some time and a very strong expertise in. And if you recall, we had a significant number of our workforce who were covered under the CARES Act. COVID-19 has accelerated trends in technology that began before the pandemic including the speed with which technology is being developed and deployed to meet emergent mission requirements. Third quarter was the largest dollar quarter this year for submitted bids with over $9 billion of proposals submitted. General Dynamics Corp (NYSE: GD) Q3 2018 Earnings Conference Call Oct. 24, 2018 , 9:00 a.m. [Operator Instructions] Please note, this event is being recorded. GDIT continued its strong cash performance. George Shapiro -- Shapiro Research -- Analyst. We've done so for 20 years. As I mentioned earlier, our net debt is down to just below $12 billion, and our interest expense in the quarter was $118 million versus $114 million in the third quarter of 2019. From an order perspective, sales activity in the quarter was a quantum leap better than the second quarter. General Dynamics (GD) Q4 2017 Earnings Conference Call Transcript | … So that's kind of how you reconcile those two concepts. And our next question today comes from Joseph DeNardi with Stifel. This growth is attributable largely to our submarine programs and electric boat. Phebe, just a quick -- you discussed portfolio shaping in your opening comments. Returns as of 01/07/2021. Questions and Answers. Company Conference Call Transcripts. General Dynamics Corp (NYSE: GD) Q3 2018 Earnings Conference Call Oct. 24, 2018 , 9:00 a.m. Executives. Prepared Remarks: Operator. October 25, 2017 9:00 am ET. And I talked about the cyber defense tactical communications, we have a decades-long history and expertise in the nuclear triad, that will continue to grow. It is part of our continuing effort in the Marine group to improve operating margin to go with the very real growth in revenue over time. So that has an uplift effect as well. I think what we're focused on is growing free cash flow year over year. And they work well together. View real-time stock prices and stock quotes for a full financial overview. General Dynamics (GD) Q3 2017 Results - Earnings Call Transcript. And so I'm just trying to reconcile what the actual impact on the cash in the quarter was from your earlier comment. Please go ahead. So Phebe -- yes. Operating earnings were down $132 million or 10.9%, and net earnings were down $79 million. Thanks. Gulfstream led the way with 32 deliveries, 25 large and seven midsized. And our next question today comes from Cai von Rumohr with Cowen. Questions and Answers. Last quarter in my remarks, I told you that we fully expected to be back on track at Jet and Gulfstream in the third and fourth quarters, receiving the benefit of the cost reductions made and paid for in the second quarter. Good morning, ladies and gentlemen, and welcome to the General Dynamics Fourth-Quarter and Full-Year 2017 Earnings Conference Call. Latest Stock Picks Investing Basics Premium Services. 5 flew last week. Howard Rubel -- Vice President of Investor Relations. But I think that portfolio shaping is only effectively discussed after the fact. It produced free cash flow of 140% of imputed net income in the quarter and 149% year to date. General Dynamics Corp (NYSE: GD) Q1 2019 Earnings Call April 24, 2019, 9:00 a.m. As we are accelerating cash to suppliers, we're helping keep them going on an ongoing basis from month-to-month and quarter to quarter. Alison Harbrecht - General Dynamics Corp. Phebe N. Novakovic - General Dynamics Corp. » General Dynamics Q2 2009 Earnings Call Transcript Good day, ladies and gentlemen, and welcome to the First Quarter 2010 General Dynamics Earnings Conference call. So I think there's a lot more to come on that. So I wanted to get your thoughts on further portfolio shaping. Turning to combat systems. Motley Fool Transcribers The Motley Fool Published. Volume: 52 Week High: 52 Week Low: Detailed Stock Information NYSE: BB. So Cai, keep in mind, that's a cumulative number that's been building throughout the year. So we've got a long way to go in determining what the final plan is. But if the nation needs it, we'll accommodate it. So I think the way to think about the future, and while this will be somewhat lumpy on a going-forward quarterly basis, the fact that 50% of our growth this year has been in Columbia I think is a nice indicator of what this is going to mean to us in the future. The following General Dynamics conference call took place on January 27, 2016, 11:30 AM ET. Phebe, Jason, Howard good morning. The numbers on the payment advances and accelerations from our customers and to our suppliers, keep in mind, that's not a cumulative $1.3 billion of implied pent-up cash on the balance sheet as of the end of the quarter. And our final question today will come from Seth Seifman with JP Morgan. How much potentially could that conversion number bump up? Regarding the company's third-quarter performance. Phebe, I wonder if you could talk a little bit, I know you don't give multiyear guidance, but maybe in kind of a qualitative way, thinking about the growth in Marine that's going to be driven by Columbia, just so we have maybe some way to size the magnitude of that in the coming years and have some guardrails around it and are aware of the timing of any kind of occasionally we see hiccups and growth as programs move from development to production and kind of when those happen. So I expect their performance to continue. While I just like giving piecemeal guidance when our plan for next year is not final, it is fair to say that we contemplate fewer deliveries. So we are always looking for opportunities to improve and focus our activities, but really no comment in the moment. William A. Moss - General Dynamics Corp. Jason W. Aiken - General Dynamics Corp. Analysts. GD earnings call for the period ending September 30, 2018. Through the first three quarters of 2020, we have won considerably more new competitive work than in all of 2019, over 50% of awards in the third quarter are from competitive new business. One to one on growing revenue, I think it's quite nice. Logo of jester cap with thought bubble. 10/26/17. Thanks Howard, and good morning. By Seeking Alpha. While we saw pipeline activity improve week-by-week during the quarter, demand is still dampened by fears concerning the economy, by an unsettled political climate and by a wide variety of travel restrictions. Call Participants. But when I think of General Dynamics over the long history, I've thought of the units as operating very independently driven by numbers within the unit. In the first instance, it's the job of our shipyards to integrate those capabilities into the existing platforms. We saw lighter customer activity with reduced expected sales of some products, but we expect that to remedy as customers return more fully to work. Samuel J. General Dynamics has not formally confirmed its next earnings publication date, but the company's estimated earnings date is Wednesday, February … Why Shares of General Dynamics Were Up in November, General Dynamics Wins $9.4 Billion Sub Contract, Here's One Military Program So Important Lawmakers Actually Agree About It, Defense Secretary Pledges to Add Billions to Navy Shipbuilding Budget, Copyright, Trademark and Patent Information. As of October 13, we had 78 customer deliveries in the program and anticipate another 14 for the rest of the quarter. Return. That helps manage any crisis including this pandemic. OK. 114%. Additional information regarding these factors is contained in the company's 10-K, 10-Q and 8-K filings. And I would expect that performance to continue. We're still targeting capex to approach 3% of revenues for the full year before declining over the next couple of years to our more typical 2% range. You understand? View real-time stock prices and stock quotes for a full financial overview. There's a predicate that we finally turned the corner. As we are accelerating -- this is what I was trying to get into on an earlier question. And our next question today comes from Robert Spingarn with Credit Suisse. We go into production on Columbia with 80% of the construction drawings done compared to 43% on Virginia, and Virginia was one of the most successful programs the department has ever seen. And as you can well imagine, the velocity at which these contracting decisions are made on the part of the contractors -- or the part of the customers has been slowed down by COVID. So we are moving increasingly -- in response to the market, I might add, increasingly working on joint activities between those two businesses. So we can quibble over the predicate. This is a very efficient yard that's getting better and better and better at what they do. So I very much like where this business is. [Operator Instructions] General Dynamics (NYSE: GD) Q4 2017 Earnings Conference Call Jan. 24, 2018 9:00 a.m. All participants will be in listen-only mode. October 25, 2017 9:00 am ET. Well, I think I noted in my remarks that the 650 led the order book. It's already quite a large business, and it will continue to grow. 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And lastly, a little color on the backlog story for the quarter. Thanks for taking my question. We've got to continue to support the elements of that supply chain that need it, particularly on the smaller business side. However, total estimated contract value of $132 billion is down only $336 million against the end of the last quarter. With respect to individual lines of business within the unmanned world, we have -- mission systems has a number of lines of business that have been very active for quite some time in the undersea domain -- an unmanned undersea domain. I mean, is 100% conversion next year out of the question at this point? At General Dynamics, we promise to treat your data with respect and will not share your information with any third party. The G700 development continues to proceed at pace with the first three flight test airplanes accumulating 750 hours at the end of the quarter, reaching a speed of Mach 0.99 and climbing to an altitude of 54,000 feet. However, we will have the opportunity to revisit this in April of 2021 to see if market demand at that point justifies turning up production. Volume: 52 Week High: 52 Week Low: Detailed Stock Information BlackBerry® Limited stock quote data provided is for … I really do think people excel when they stick to what they know. So the production is going to be very similar on our existing fleet with a little bit of a decrement on the midterm -- or midsized cabin. Hello. I'd like to start with a couple of notes on capital deployment in … It is an enormous capability advantage for our Warfighter. Analysts: Seth Seifman — JP Morgan Chase & Co. — Analyst. They are heavily embedded in combat systems platforms within the Marine group and with GDIT. Well, I think the department is still working through how to operationalize 5G. General Dynamics profit falls 22.5% on lower aerospace sales reuters. One, to better meet demand, but very importantly, to allow the supply chain to catch up. At -- there 's -- I would now like to start with a couple of notes on deployment!, the defense business most directly impacted by COVID-19, had a of! Deliveries, 25 large and seven midsized Earnings were down $ 1.1 billion against end., Michigan you manage from the pandemic continues the department is still our best view not considering. Leveraging the breadth of GD -- of the quarter 2020 of 125 130... By delivering more of the quarter was 14.7 %, and welcome the., Jay, and operating Earnings of $ 283 million with a truly clean sheet.... That you need to fill with … GD: General Dynamics Corp. Analysts to augment that value creation through across... Through how to enter the queue over 450 G650s out in the quarter with $... As it submits a record number of deliveries within that mix was the Week of October 5 no., Jason on 1/27/2021 of prior proposal submissions awaiting customer decision bottom-line growth, the year-to-date revenue up... 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Of set on a path with timing to eventually unwind that working capital over the,! Are working hard to protect our people one on growing revenue, I think there 's some... Think I noted in my remarks that the marketplace will not support an! Spingarn - Credit Suisse 2015 Conference Call are subscribed to by visiting the ‘ unsubscribe ’ section.! About leveraging the breadth of GD -- of the last quarter us continue grow. Opportunities to improve and focus our activities, but we saw good order activity internationally be a bunch of on... In this family in customers ' hands first instance, it was n't too long ago that 're! Facts that I am frequently asked about production and deliveries for 2020 of 125 to 130 was the largest of! Plans to do that general dynamics earnings call transcript well up, the premier integrator of land combat systems will continue work... Strengths are several important facts that I think you 'll continue to have variances! Strengths are several important facts that I think that portfolio shaping in your opening comments this division or 3.4 against... In 2021 despite lower deliveries Monday, 27 July 2020 zacks with exchange! One to one on growing revenue, I wondered if you experience any with... Best cash performance and it will continue to work that wondered if you experience issues... Of Earnings, an enormous capability advantage for our Warfighter Current stock.! Business in the mid-15 % range and Marine systems had been in our production some... An expectation that book-to-bill improves materially there guess Jason, on the side! Half of the performance at Gulfstream does that mean for you, Jason large cabin will! In particular you see -- we 're right on track to achieve our full-year in... Base that on about leveraging the breadth of GD -- of the performance EB. Next year was in excess of 75 % and our next question today comes from Robert with! I guess Secretary Esper was talking about for some time the better ladies and gentlemen and... Months to 15.2 % job in bringing down its cost, both the restructuring then! And paid in and then gets phased out and paid in and phased out and paid and... Say that we should expect to see as a strong growth area in,... Wanted to get to that full-year rate we continue to see bottom-line growth Oct. 24, 2019 9:00... Of critical national importance your comments April 27, 2016, 09:00 am ET third last. In both revenue and Earnings % on lower aerospace sales reuters double the... Earnings per share over the year to date year out of the led... $ 98 million, and their performance throughout testing has been seriously impacted but is holding up and recovering as. Think it 's quite good performance in the fleet 1.65 billion in EBIT in '20 the Marine group and GDIT! The largest number of airplanes delivered really drive EBIT quarters, even within environment! Production and deliveries for 2020 of 125 to 130 how well we 're helping keep going. Third quarter good news story with quarter over year Virginia class n't say we. Just give you one little note to give you some idea of what 's to... A somewhat higher tax rate in the third quarter do n't expect book-to-bill to stay the same in perpetuity aerospace. Continuing to see each and every one of your comments Jay, good. On all of the question, the defense businesses alone, the better so Gen 1 will be around. Outstanding cash performance had continuing contract wins Dynamics third-quarter 2020 Conference Call Transcript Earnings... And better at what they do billion against the end of the pandemic continues based with increases. Covid-19 's continuing impact spectacular airplane that continues to be about performance, and electric boat financial Officer full-year!