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CLAIM #25559 · GD (GD) · 2024Q3 earnings call · Oct 23, 2024 · due Dec 31, 2025

And we expect to see very nice growth going forward.

Phebe Novakovic · CEO

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versus commitment · official band 5 percent
Committed
we expect to see very nice growth going forward
Reported
revenue of $9.2 billion is up 2.8% and earnings of $1.33 billion are up 4.3%

In context

growing businesses across the industry, is that a fair assessment? And then have we -- has this quarter indicated that some of the margin pressure from facilitization is behind us? Phebe N. Novakovic: So look, if we look at our backlog and the threat environment and the performance at Combat in general, over time, I think we expected in our market space we will continue to grow and perform very well. Facilitization for increased munition production is largely behind us. We're moving into production. We'll see increased revenue from our combat vehicle business and so we do see a pretty good solid growth pattern as we go forward. This year, we accelerated growth into the first half so we expect fourth quarter to be relatively flat but still have about 5.9% growth for the group in the year. And we expect to see very nice growth going forward. I would add this, in a high-performing organization like Combat Systems, variability in revenue and margin is almost always a question of timing, so just to give you a little context on that score. Operator: We'll move next to Robert Stallard at Vertical Research Partners. Robert Stallard: Thanks so much, good morning. Phebe N. Novakovic: Good morning. Robert Stallard: First of all, a question on Marine, Phebe, you mentioned about the supply chain issues there. I was wondering if you could elaborate on why it's not improved as much as you would have hoped and also at what point does this start to negatively impact submarine schedules? Phebe N. Novakovic: Well, I think that it already has impacted schedule and that's been pretty well publicized by the Navy. Until recently, we had a reasona

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