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CLAIM #25523 · GD (GD) · 2024Q2 earnings call · Jul 24, 2024 · due Dec 31, 2024

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.

Kimberly Kuryea · CFO

PENDING
graded after results covering Dec 31, 2024 are reported

In context

ic: 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 that present to GD in the future? And then second, in the U.K., a change of government over here, whether there's any implications for AJAX down the line? Thank you. Phebe Novakovic: I will take that in the inverse order. Don't anticipate any particular changes in AJAX. The vehicle is performing extremely well. The U.K. Army is pleased with it. So I think that, that's a standar

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