Latest news with #G800
Reuters
9 hours ago
- Business
- Reuters
General Dynamics profit, revenue beat estimates on strong marine business, jet deliveries
July 23 (Reuters) - General Dynamics' (GD.N), opens new tab second-quarter profit and revenue topped analyst estimates on Wednesday, driven by robust orders in its marine segment from Columbia- and Virginia-class submarine programs, boosting shares 5% in early trading. The defense company's nuclear-powered submarine-making marine systems segment produced 22.2% more revenue. The unit is now expected to generate 2025 revenue of $15.6 billion with a 7% margin. During the quarter, the Pentagon modified a submarine production contract awarded to the company's marine segment, raising the value by $1.85 billion. The company entered into a new contract with union members at its submarine-making unit, averting a shortage of skilled labor that has contributed to delays in U.S. Navy shipbuilding schedules. The technologies segment, which makes products for a range of military, intelligence, federal civilian, and state customers, generated 5.5% more revenue year-on-year. Defense manufacturers benefited from strong demand for weapons and other military equipment during the quarter, owing to geopolitical uncertainty and ongoing conflicts in the Middle East. New bookings during the quarter were 2.4 times its billing for General Dynamics' defense segments, indicating a strong order book. However, revenue within the combat systems part of the defense business, which manufactures land combat vehicles, weapons systems, and munitions, edged down 0.2% after taking a hit from the cancellation of the M10 Booker contract by the Pentagon as well as production delays owing to supply chain woes. Annual revenue in the combat segment is forecast to be $9.2 billion with a 14.5% margin. The Reston, Virginia-based company's quarterly adjusted profit was $3.74 per share, compared with analysts' estimates of $3.53 per share, according to data compiled by LSEG. It expects profit for the year to range between $15.05 and $15.15 per share. General Dynamics' aerospace segment, which is recovering from supply chain problems and longer certification times, ramped up deliveries during the quarter ended June 29. During the period, the Gulfstream jet maker's new G800 plane, the world's longest-range business aircraft, earned certification from the Federal Aviation Administration and the European Union Aviation Safety Agency. The plane has a range of 8,200 nautical miles (15,186 kilometers) at the Mach 0.85 long-range cruise speed, the company has said. The segment's aircraft deliveries hit 38 in the second quarter, compared with 37 in the same period a year ago. In the first quarter, the company delivered 36 Gulfstream jets. The aerospace unit's new bookings during the quarter were 1.3 times its billing. "This is the strongest first half for orders since 2022 and reflected strong demand across the entire Gulfstream product line," Chief Financial Officer Kimberly Kuryea said on a call with analysts. Revenue in the aerospace segment rose 4.1% from a year ago. Its annual revenue is estimated at $12.9 billion, with an operating margin of 13.5%. General Dynamics' total quarterly revenue of $1.3 billion beat Wall Street analysts' estimate of $1.23 billion. Total revenue for fiscal year 2025 is projected at $51.2 billion, with a 10.3% operating margin.
Yahoo
05-06-2025
- Business
- Yahoo
General Dynamics (GD) Announces US$1.50 Quarterly Dividend For Shareholders
General Dynamics recently affirmed a quarterly dividend of $1.50 per share, underscoring its commitment to rewarding shareholders. Over the last quarter, GD's stock price rose by 4%, in line with broader market trends. During this period, the company reported first-quarter earnings with a revenue increase to $12,223 million and a rise in net income to $994 million, which likely supported this upward move. The completion of a share repurchase tranche may have also added positive sentiment. In the context of a 13% market rise over the past year, General Dynamics' performance reflects steady growth. We've spotted 1 possible red flag for General Dynamics you should be aware of. Uncover 18 companies that survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. The recent reaffirmation of General Dynamics' quarterly dividend of US$1.50 per share and its 4% stock price rise in the last quarter align with broader market trends, potentially reinforcing investor confidence. Over the past five years, the company's total return, including share price and dividends, increased by 95.69%. This longer-term gain can offer a more comprehensive perspective on its overall performance. In comparison to the previous year, the company's return underperformed both the US Aerospace & Defense industry, which returned 32.2%, and the broader US market, which returned 12.6%, indicating challenges in keeping pace with industry and market growth. The certification of the G800 and strengthened order activity could positively affect future revenue and earnings forecasts. Analysts estimate an annual revenue growth of 3.4% over the next three years, supported by improvements in aerospace and marine efficiencies. However, challenges like supply chain issues and pressurized book-to-bill ratios could constrain growth. With a current share price of US$270.61, the analyst consensus price target of US$292.42 suggests a 7.5% higher market value, illustrating a fairly close alignment between current pricing and projected company value. Evaluate General Dynamics' prospects by accessing our earnings growth report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include GD. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Scottish Sun
04-05-2025
- Business
- Scottish Sun
World's first private jet that can fly 9,000 miles non-stop to launch across US and Europe after breaking records
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) THE world's first private jet that can fly an incredible 9,000 miles without stopping is set to launch across US and Europe. The Gulfstream G800's record-breaking range means that travellers can get to their destinations in less time. 6 The Gulfstream G800 can fly a record-breaking 9,000 miles without stopping Credit: Gulfstream 6 The jet has a top speed of 570 knots Credit: Gulfstream 6 The plane's luxurious interior Credit: Gulfstream 6 The private jet has secured FAA and EASA certifications - officially making it the longest-range private aircraft in the world. The impressive range allows passengers to fly almost anywhere in the world without taking a single stop. If the jet were to take off from London it could fly to any airport across the globe - with the exception of Sydney. And not only can the jet breeze long distance flights it's spectacular speed means travellers can reach their destinations in record time. The private jet has a top speed of 570 knots - just shy of the world's fastest Bombardier Global 8000's velocity. And it's no surprise it goes so quickly as its powered by Rolls Royce engines and features an aerodynamic wing design. The Gulfstream G800 has three luxurious living areas as well as a dedicated crew compartment for maximum in-flight comfort. It can seat up to 19 passengers and sleep ten. Pictures from inside the plane show a carpeted interior fitted with plush leather seats. And the cabin's sixteen enormous panoramic oval windows mean that travellers can enjoy the incredible views while they zoom through the sky. Hypersonic jet could whisk passengers from London to NYC in an hour The cabin also boasts high-speed WiFi coverage while in the air. And what's more - passengers will feel less tired after flying on G800 compared to others on the market due to its low altitude cabin. While the plane soars 41,000 feet above the ground the cabin will feel as though it is only at 2,840ft. Plans for the world's biggest plane have been unveiled, with the jumbo jet set to take to the skies in 2030. Officially called WindRunner, the colossal aircraft will be able to carry 12-times more than a Boeing 747 - and has one very specific purpose. WindRunner will clock in at an incredible 356ft - longer than the pitch at Wembley - and will be 79ft tall. The company behind it, Radia, has already been working on the plans for almost a decade. While it will be a versatile vehicle, the size and shape of WindRunner have been carefully designed to accommodate one specific item: wind turbines. Wind turbine blades are enormous and incredibly tricky to transport on roads, and normal planes are too small to handle them. Some turbine projects have even needed special roads to be laid to get the blades there. And the blades are expected to get even bigger in the future - possibly growing from 230ft to 330ft. So, with the help of rocket scientist CEO Mark Lundstrom, the Radia team looked for a solution. WindRunner will be able to carry whole blades in its cargo space, and fly them right to the construction site. 6
The Irish Sun
04-05-2025
- The Irish Sun
World's first private jet that can fly 9,000 miles non-stop to launch across US and Europe after breaking records
THE world's first private jet that can fly an incredible 9,000 miles without stopping is set to launch across US and Europe. The Gulfstream G800's record-breaking range means that travellers can get to their destinations in less time. 5 The Gulfstream G800 can fly a record-breaking 9,000 miles without stopping Credit: Gulfstream 5 The jet can seat up to 19 people and sleeps ten Credit: Gulfstream 5 The plane's luxurious interior Credit: Gulfstream 5 The private jet has secured FAA and EASA certifications - officially making it the longest-range private aircraft in the world. The impressive range allows passengers to fly almost anywhere in the world without taking a single stop. If the jet were to take off from London it could fly to any airport across the globe - with the exception of Sydney. And not only can the jet breeze long distance flights it's spectacular speed means travellers can reach their destinations in record time. read more on planes The private jet has a top speed of 570 knots - just shy of the world's fastest Bombardier Global 8000's velocity. And it's no surprise it goes so quickly as its powered by Rolls Royce engines and features an aerodynamic wing design. The Gulfstream G800 has three luxurious living areas as well as a dedicated crew compartment for maximum in-flight comfort. It can seat up to 19 passengers and sleep ten. Most read in Tech Pictures from inside the plane show a carpeted interior fitted with plush leather seats. And the cabin's sixteen enormous panoramic oval windows mean that travellers can enjoy the incredible views while they zoom through the sky. Hypersonic jet could whisk passengers from London to NYC in an hour The cabin also boasts high-speed WiFi coverage while in the air. And what's more - passengers will feel less tired after flying on G800 compared to others on the market due to its low altitude cabin. While the plane soars 41,000 feet above the ground the cabin will feel as though it is only at 2,840ft. Plans for the Officially called WindRunner, the colossal aircraft will be able to carry 12-times more than a Boeing 747 - and has one very specific purpose. WindRunner will clock in at an incredible 356ft - longer than the pitch at Wembley - and will be 79ft tall. The company behind it, Radia, has already been working on the plans for almost a decade. While it will be a versatile vehicle, the size and shape of WindRunner have been carefully designed to accommodate one specific item: wind turbines. Wind turbine blades are enormous and incredibly tricky to transport on roads, and normal planes are too small to handle them. Some turbine projects have even needed special roads to be laid to get the blades there. And the blades are expected to get even bigger in the future - possibly growing from 230ft to 330ft. So, with the help of rocket scientist CEO Mark Lundstrom, the Radia team looked for a solution. WindRunner will be able to carry whole blades in its cargo space, and fly them right to the construction site. 5 The jet is set to launch across the US and Europe Credit: Gulfstream
The Sun
04-05-2025
- Business
- The Sun
World's first private jet that can fly 9,000 miles non-stop to launch across US and Europe after breaking records
THE world's first private jet that can fly an incredible 9,000 miles without stopping is set to launch across US and Europe. The Gulfstream G800's record-breaking range means that travellers can get to their destinations in less time. 5 5 5 The private jet has secured FAA and EASA certifications - officially making it the longest-range private aircraft in the world. The impressive range allows passengers to fly almost anywhere in the world without taking a single stop. If the jet were to take off from London it could fly to any airport across the globe - with the exception of Sydney. And not only can the jet breeze long distance flights it's spectacular speed means travellers can reach their destinations in record time. The private jet has a top speed of 570 knots - just shy of the world's fastest Bombardier Global 8000's velocity. And it's no surprise it goes so quickly as its powered by Rolls Royce engines and features an aerodynamic wing design. The Gulfstream G800 has three luxurious living areas as well as a dedicated crew compartment for maximum in-flight comfort. It can seat up to 19 passengers and sleep ten. Pictures from inside the plane show a carpeted interior fitted with plush leather seats. And the cabin's sixteen enormous panoramic oval windows mean that travellers can enjoy the incredible views while they zoom through the sky. The cabin also boasts high-speed WiFi coverage while in the air. And what's more - passengers will feel less tired after flying on G800 compared to others on the market due to its low altitude cabin. While the plane soars 41,000 feet above the ground the cabin will feel as though it is only at 2,840ft. Plans for the world's biggest plane have been unveiled, with the jumbo jet set to take to the skies in 2030. Officially called WindRunner, the colossal aircraft will be able to carry 12-times more than a Boeing 747 - and has one very specific purpose. WindRunner will clock in at an incredible 356ft - longer than the pitch at Wembley - and will be 79ft tall. The company behind it, Radia, has already been working on the plans for almost a decade. While it will be a versatile vehicle, the size and shape of WindRunner have been carefully designed to accommodate one specific item: wind turbines. Wind turbine blades are enormous and incredibly tricky to transport on roads, and normal planes are too small to handle them. Some turbine projects have even needed special roads to be laid to get the blades there. And the blades are expected to get even bigger in the future - possibly growing from 230ft to 330ft. So, with the help of rocket scientist CEO Mark Lundstrom, the Radia team looked for a solution. WindRunner will be able to carry whole blades in its cargo space, and fly them right to the construction site. 5
