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GD Ends 2024 With Strong Results Led By Aerospace Business; Sub Supply Chain Still Troubled

Cal Biesecker By
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GD Ends 2024 With Strong Results Led By Aerospace Business; Sub Supply Chain Still Troubled
Virginia-class submarine. Photo: General Dynamics

Powered by its Aerospace segment, General Dynamics [GD] on Wednesday reported strong fourth quarter results to end a similarly robust 2024. The only blemish in the quarter’s numbers was a drop in operating earnings at the company’s Marine Systems segment due to ongoing delays and quality issues with the submarine supply chain. Delays continue to result in “out of sequence work,” and quality problems have mounted that “further disrupted our build plan,” with both issues adding costs, Phebe Novakovic, GD’s…

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