MAAT INDEX

CLAIM #25553 · GD (GD) · 2024Q3 earnings call · Oct 23, 2024 · due Dec 31, 2025

when we look forward, as we've talked about before, we see gross margin improvement of about 600 to 700 basis points, that remains the same.

Phebe Novakovic · CEO

PENDING
graded after results covering Dec 31, 2025 are reported

In context

gin this year and how things can evolve taking into account also the introduction of the G800 and kind of what the progression looks like? Phebe N. Novakovic: So I think as we've discussed through most of this year, we still have supply chain challenges that require -- at Gulfstream that require out of station work, and we still have late deliveries of material. The supply chain has gotten much better as evidenced by our ability to ramp up production, but they still got ways to go. And until we get that supply chain quality as well as delivery timing stabilized, we'll continue to have out of station work. That, however, should be behind us before too terribly long let's talk about the 700. So the 700 we've talked throughout the year about some of the margin pressures of the first lot, but when we look forward, as we've talked about before, we see gross margin improvement of about 600 to 700 basis points, that remains the same. As I look forward in the Aerospace Group, we see very, very strong margins going forward and we'll see good margins in Q4, not as high as we expected because a lot of 700s was into next year, but we'll have very nice margin expansion as we go through into next year. With respect to the 800, we expect it to come out of the blocks pretty good and have some nice margin impacts over the course of its year. So I would say that we're pretty optimistic over -- starting about next year and into the future of the margin performance at Aerospace. Seth Seifman: Okay, thanks. And maybe just a follow-up on Combat, with the -- understand the growth trajectory kind of slowing down here in the second half, how much of that reflects kind of the end of the facilitization process for the 155-millimeter shel

Verify independently

SEC filings for GD · Claim quote is verbatim from the 2024Q3 earnings call.