CLAIM #25630 · GD (GD) · 2025Q1 earnings call · Apr 23, 2025 · due Dec 31, 2025
“We are close to 1:1 for the year. I think we're actually 9, but why pick nit, that's very close to 1. So we continue to see that as achievable in the moment.”
Phebe Novakovic · CEO
In context
“ties in Europe, especially because we continue to see headlines on like increased commitment to build up their defenses? Phebe Novakovic: So we've seen increased discussions and really throughout Europe. Eastern Europe as well as Central Europe now, and those conversations have accelerated. They started in earnest with the invasion of Ukraine, and they have picked up even more as each one of those governments has allocated an increasing amount of its resources to defense spending, so I would say it's across the board. Mariana Perez Mora: Thank you. And my follow-up is going to be on tariff. What are your expectations for -- especially in this macro environment or evolving uncertainty? What are your expectations for book-to-bill on for full [ph] strength for the full year? Phebe Novakovic: We are close to 1:1 for the year. I think we're actually 9, but why pick nit, that's very close to 1. So we continue to see that as achievable in the moment. Should that let you know in Q2. Operator: Next, we'll move to Myles Walton at Wolfe Research. Myles Walton: Thanks. Phebe, I realize you can't put precision on the tariffs from the step in the land mine here. Phebe Novakovic: You're right about that. Myles Walton: I know. I know. So your confidence that you alluded to in the full year outlook. Is that encompassing your assessment of what you're going to see? Phebe Novakovic: We don't think the defense guys get hit much. There will be some Gulfstream impacts and nothing we see so far is extraordinary but we had a long way to go. And I think a lot of the supply chains have to assimilate these changes and see the impacts to the extent that they have them on them, but that's all I can give you. If I were any more specific, the one thing I cou”
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SEC filings for GD ↗ · Claim quote is verbatim from the 2025Q1 earnings call.