:

Business/Financial

General Dynamics Posts Strong First Quarter Led By Shipbuilding

By Cal Biesecker

Wednesday, April 29th, 2026

SHARE:

General Dynamics Posts Strong First Quarter Led By Shipbuilding

Virginia-class submarine. Photo: General Dynamics

Just as it ended 2025, General Dynamics [GD] began 2026 with strong financial results, again led by the shipbuilding business while all of the company’s operating segments touted top and bottom-line increases in the first quarter. Net income rose 13 percent to $1.1 billion, $4.10 earnings per share (EPS), from $994 million ($3.66 EPS), clubbing consensus estimates by 44 cents per share. Operating margin rose 10 basis points to 10.5 percent. The results outpaced GD’s own expectations, leading it to…

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]