General Dynamics Exec Says Company Expects 2024 Sales Of $12.3B In Aerospace Segment, With 150 Jet Deliveries Versus Previous Estimate Of 160; Expects 2024 Revenue Of $13.9B In Marine Systems Segment, With Margins Of 6.9%
Portfolio Pulse from Benzinga Newsdesk
General Dynamics has revised its 2024 sales expectations for its Aerospace segment to $12.3 billion, with 150 jet deliveries, down from a previous estimate of 160. The Marine Systems segment is expected to generate $13.9 billion in revenue with margins of 6.9%.
October 23, 2024 | 1:31 pm
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General Dynamics has adjusted its 2024 sales forecast for the Aerospace segment to $12.3 billion, with a reduction in jet deliveries from 160 to 150. The Marine Systems segment is expected to achieve $13.9 billion in revenue with a margin of 6.9%.
The reduction in jet deliveries from 160 to 150 in the Aerospace segment may indicate potential challenges or adjustments in production or demand, which could be seen as a slight negative. However, the overall sales and revenue expectations remain strong, with the Marine Systems segment showing solid revenue and margin expectations. This mixed outlook results in a neutral short-term impact on the stock price.
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