CLAIM #25600 · GD (GD) · 2024Q4 earnings call · Jan 29, 2025 · due Dec 31, 2025
“So our vehicle demand continues pretty strongly, both internationally and within the U.S.”
Phebe Novakovic · CEO
In context
“he end of the day. How do you guys think about running your business in an environment where it's kind of this volatile? Phebe Novakovic: Well, I think it's a good lesson not to react to rumors and to react to implemented reality when it happens. So there's a lot [ swirling, ] and we have to see how all of that plays out and manifest itself in defense actions and defense program. But I think that was a good teaching example for those outside the typical kind of Washington [ swirl. ] Operator: Our next question comes from Doug Harned from Bernstein. Douglas Harned: On Combat. It's been -- the demand has been very strong and particularly on the munitions side. Can you comment a little bit about how you're seeing the trajectory ahead on vehicles, both U.S. and international? Phebe Novakovic: So our vehicle demand continues pretty strongly, both internationally and within the U.S. We're executing on new programs. We're continuing to execute on our existing programs. That's true for both wheeled and tracked vehicles internationally and again, in the U.S. And FMS continues to be a fairly significant driver of demand, again, both on the wheeled and the tracked combat vehicle side. So I will note that the Stryker program in '25 was underfunded, and we're working with -- we'll work with the customer and the Hill to get a more rational funding profile. But all in all, pretty Go ahead. Douglas Harned: Yes. And then on Marine, you talked about some additional funding, certainly for Columbia-class, there's been money coming in for infrastructure. But when trying to resolve the issues there that you face around supply chain, inflation costs, when the Navy provides more money”
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SEC filings for GD ↗ · Claim quote is verbatim from the 2024Q4 earnings call.