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CLAIM #25514 · GD (GD) · 2024Q2 earnings call · Jul 24, 2024 · due Dec 31, 2024

Pretty good for us. The service business, and we expect it to continue to grow this year, which is driving a lot of the revenue increase, along with special mission.

Phebe Novakovic · CEO

PENDING
graded after results covering Dec 31, 2024 are reported

In context

are test airplanes, they'll deliver next year. But this year, the Lot 1 costs are going to be behind us imminently. We've delivered one of the four. And I tried to give you some color on the delivery process. And the other three imminent here. So I think we're in pretty good shape on that. Does that help you? George Shapiro: Yes, that helps. And then just a quick follow-up on the usual question. If I look at the gross bookings versus the net bookings from your backlog, it's like a $171 million difference. Was that just forfeiture cancellation, currency-related? Do you have any comments on that? Phebe Novakovic: Nothing that I can put my finger on, to be quite honest, in the moment. George Shapiro: Okay. And one last one and aftermarket growth in the quarter at Gulfstream? Phebe Novakovic: Pretty good for us. The service business, and we expect it to continue to grow this year, which is driving a lot of the revenue increase, along with special mission. Operator: We'll go next to Ken Herbert at RBC. Kenneth Herbert: Yes, hi, Phebe. Good morning. Phebe Novakovic: Good morning. Kenneth Herbert: I wanted to see if you could make some comments on Combat. And specifically, the outlook for bookings in Europe and other regions. But also, how should we think about with the orders you're booking today, the impact on the backlog and to what extent are they accretive to segment margins? Or how accretive could they be as some of the more recent bookings flow into the backlog of revenues? Phebe Novakovic: So the bookings continue to reflect the threat environment. Both that they were driven in the quarter, both by international vehicle orders and U.S. ammunition and Army programs of record. And I think we'll see as we're going forward, I'd say that C

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SEC filings for GD · Claim quote is verbatim from the 2024Q2 earnings call.