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CLAIM #25465 · GD (GD) · 2024Q1 earnings call · Apr 24, 2024 · due Dec 31, 2024

I will tell you, our throughput and productivity has been strong on Columbia. It enjoys the highest national security priority. So we have done pretty well on Columbia and are increasing our throughput on Columbia.

Phebe Novakovic · CEO

PENDING
graded after results covering Dec 31, 2024 are reported

In context

n items. And I think they've been pretty explicit about where some of that might be. And I think it's best to think about it that way. But we do believe that working with the Navy customer, the continued infusion into that supply chain will help stabilize. But they are the pacing item now for Electric Boat. Operator: And we will take our next question from Doug Harned with Bernstein. Douglas Harned: On marine, the Navy recently described some shipbuilding delays really across programs. And the one that really stood out was Columbia-class delays reported on the turbines and the bow. Can you give us a sense of changes you've seen in schedule that affect you kind of across the program base and particularly on Columbia? Phebe Novakovic: So I think you've articulated what the Navy has said. I will tell you, our throughput and productivity has been strong on Columbia. It enjoys the highest national security priority. So we have done pretty well on Columbia and are increasing our throughput on Columbia. So then it's really those pacing items that are out there. And we're working with our Navy customer to see if there are additional things we can do to recover some schedule and if there are any workarounds. But this is going to be a bit of a slog for the supply chain. Douglas Harned: And then also on shipbuilding, inflation has affected shipbuilding costs a lot over the last few years. We've seen pricing on new awards go up. And when you look forward in the budget, is there a concern that you're basically, if you're going to -- if the Navy's budget is really going to be able to afford the kinds of inflation increases that may come along with the continued ramp in shipbuilding? Phebe Novakovic: Yes. So I think you've known over the years, I tend not to comment on individual service budge

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SEC filings for GD · Claim quote is verbatim from the 2024Q1 earnings call.