MAAT INDEX

CLAIM #25631 · GD (GD) · 2025Q1 earnings call · Apr 23, 2025 · due Dec 31, 2025

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.

Phebe Novakovic · CEO

CANNOT_DETERMINE
versus commitment · official band 5 percent
Committed
nothing we see so far is extraordinary but we had a long way to go
Reported
the impact of tariffs in 2025 was $41 million

In context

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 could assure you is it would be wrong, and you all would be highly irritated that it gave you a wrong number. So I'm giving you really how we see it from our thought at the moment. Myles Walton: And then a follow-up, we talked through the call about the administration fingerprints on the Marine business, with the Shipbuilding Act and technologies with some of their initiatives on government services. Is there anything you're seeing as it relates to your combat business and their view on the role of the Army and maybe the X30 and M10 as being prioritized or deprioritized in the fram

Verify independently

SEC filings for GD · Claim quote is verbatim from the 2025Q1 earnings call.