MAAT INDEX

CLAIM #25522 · GD (GD) · 2024Q2 earnings call · Jul 24, 2024 · due Jan 24, 2025

So we opened up the facility. The first line is running and producing as we anticipated. We are standing up lines 3 and 4. So that's a material increase in the throughput of that facility, but it's a modern facility with a very strong and good workforce. So we're pretty encouraged that we will quickly come down our learning curves and produce at or above our plan.

Phebe Novakovic · CEO

PENDING
graded after results covering Jan 24, 2025 are reported

In context

Planning purposes is the latter. But that's probably all the clarity we've got at the moment. It all depends on the certification process, but we anticipate, I think and reasonably anticipate that they'll come out of the gate very strong. Myles Walton: Okay. And where that lost quantity is about [indiscernible]? Phebe Novakovic: Yes. Myles Walton: Okay, thanks. Phebe Novakovic: It's typical lot quantities. Operator: We'll go next to Scott Deuschle at Deutsche Bank. Scott Deuschle: Hey, good morning. Phebe Novakovic: Good morning. Scott Deuschle: Phebe, can you characterize the ramp-up of this new munitions facility in Texas you opened up during the quarter? I guess, are you likely to exit 3Q at a relatively full run rate? Or is the ramp more gradual from that? Thank you. Phebe Novakovic: So we opened up the facility. The first line is running and producing as we anticipated. We are standing up lines 3 and 4. So that's a material increase in the throughput of that facility, but it's a modern facility with a very strong and good workforce. So we're pretty encouraged that we will quickly come down our learning curves and produce at or above our plan. Scott Deuschle: Great. And Kim, just to clarify your earlier comments, are you expecting working capital to be a source of cash in 3Q? Kimberly Kuryea: Yes. But I would say that when you look at the cash profile for the rest of the year, most of that cash does come in the fourth quarter. So most of that working capital will unwind in the fourth quarter, not the third quarter. Scott Deuschle: Okay. So modestly positive in 3Q? Kimberly Kuryea: Yes. Scott Deuschle: Thank you. Operator: We'll move to our next question from Robert Stallard at Vertical Research. Robert Stallard: Thanks so much. Good morning. Phebe Novakovic: Good morning. Robert Stallard: Phebe, a couple of physical questions for you. First of all, on the U.S., if the Ukraine supplemental were to be 0, what sort of risk could t

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