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CLAIM #25300 · GD (GD) · 2023Q1 earnings call · Apr 26, 2023 · due Dec 31, 2023

We have seen the orders come through. And we do not yet have out your clarity on the exact timing of the additional production, but we will see additional production.

Phebe Novakovic · CEO

CANNOT_DETERMINE
versus commitment · official band 5 percent
Committed
we will see additional production
Reported
We’re working ahead of schedule to accelerate that production capacity up to 85,000, even as high as 100,000 rounds per month

In context

emand? Phebe Novakovic: So we are working with our Navy customer to clarify timing and capacity and throughput. But at the moment, we have no particular insight, not really deferring to the Navy on and the timing and specificity of their long-range planning? Kristine Liwag: And if I could sneak another one, maybe switching to combat. Look, it seems like the Army is pushing significantly to ramp artillery production, particularly the 155-millimeter shells and planning to double monthly production to about 24 per month by year-end. And then increasing production 6x over the next 5 years. How are you thinking about this opportunity? And again, do you see -- what do you need to do in order to meet this demand? Should it materialize? And are you seeing the orders come through? Phebe Novakovic: We have seen the orders come through. And we do not yet have out your clarity on the exact timing of the additional production, but we will see additional production. And because of the priority of the 155, I think the nation has learned a lot about 155 artillery shelf. So we've done a lot to increase production already, and we are quite confident that we can go even faster. Operator: Your next question comes from the line of Matt Akers from Wells Fargo. Matthew Akers: I wanted to ask kind of a high-level question on pilots for biz jet. On the commercial side, lack of kind of staffing with standing like pilots and crews has been kind of a pacing item. What's your sense for business jets or your customers kind of better off in that respect? Or could that potentially be a bottleneck for biz jet as well? Phebe Novakovic: Well, I think during the height of COVID, there was so much disruption at all labor markets that we may have seen some issue then. But f

Verify independently

SEC filings for GD · Claim quote is verbatim from the 2023Q1 earnings call.