General Dynamics Q2 Book-to-bill ratio 0.8, Backlog $91.3B
Portfolio Pulse from Benzinga Newsdesk
General Dynamics reported a Q2 book-to-bill ratio of 0.8 and a backlog of $91.3 billion. The Aerospace segment saw $2.7 billion in orders, while the defense segments had $7.4 billion in orders, with significant contracts from the Canadian government and the U.S. Army.
July 24, 2024 | 11:06 am
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General Dynamics reported a Q2 book-to-bill ratio of 0.8 and a backlog of $91.3 billion. The Aerospace segment saw $2.7 billion in orders, while the defense segments had $7.4 billion in orders, with significant contracts from the Canadian government and the U.S. Army.
The reported backlog and significant new contracts in both the Aerospace and defense segments indicate strong future revenue streams. The book-to-bill ratio of 0.8 suggests a slight slowdown in new orders relative to revenue, but the overall backlog and contract wins are positive indicators for the company's short-term performance.
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