Latest news with #businessjets
Yahoo
23-07-2025
- Business
- Yahoo
Why General Dynamics Stock Popped Today
Key Points General Dynamics beat sales and earnings estimates soundly this morning. General Dynamics is on a roll, racking up new orders, growing sales, and growing profits even faster. Problem is, the stock costs too much. 10 stocks we like better than General Dynamics › Shares of General Dynamics (NYSE: GD), maker of Abrams main battle tanks and Gulfstream business jets, reported powerful earnings this morning, sending its stock up 6.1% through 10:50 a.m. ET. Analysts forecast GD would earn $3.44 per share on $12.2 billion in Q2 sales. Instead, the defense giant reported a $3.74-per-share profit on sales of $13 billion. General Dynamics Q2 earnings Sales climbed 8.9% year over year, and operating profit margin expanded 30 basis points to 10%. With these improved margins, earnings managed to grow 14.7%. Long-time CEO Phebe Novakovic noted that "each of our four segments achieved growth in revenue and earnings," while cash flow was "strong" and the company's backlog remains "healthy." Indeed, I'd go farther than that. Better than just "healthy," backlog now looks fantastic, thanks to General Dynamics' scoring a book-to-bill ratio (that's new orders taken in relative to older orders fulfilled and converted to revenue) of 2.2 for the quarter. Backlog now stands at $103.7 billion, enough to keep GD humming for the next two years straight. Is General Dynamics stock a buy? With its positive free cash flow of $4.1 billion, General Dynamics' cash profits fully back up reported trailing earnings of $4.1 billion. The company is projected to grow earnings better than 9% annually over the next five years, and it pays its shareholders a respectable 2% dividend yield. Based on these numbers, I'd value the stock at a minimum of $45 billion -- and probably a bit more based on the tremendous future sales growth implied by its book-to-bill ratio. That said, after today's run-up, GD stock currently costs well over $80 billion -- and I'm afraid that's too much to pay at present. My advice: Wait for better prices before buying GD stock. Should you buy stock in General Dynamics right now? Before you buy stock in General Dynamics, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and General Dynamics wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $641,800!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,023,813!* Now, it's worth noting Stock Advisor's total average return is 1,034% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why General Dynamics Stock Popped Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-07-2025
- Business
- Yahoo
General Dynamics quarterly profit rises on higher jet deliveries
(Reuters) -General Dynamics on Wednesday posted a nearly 15% rise in second-quarter profit on the back of stronger business jet deliveries. The Gulfstream jet maker's quarterly profit came in at $3.74 per share, compared with $3.26 per share a year ago.
Bloomberg
22-07-2025
- Business
- Bloomberg
Dassault Aviation's Private Jet Orders Drop as Tariffs Loom
Orders for Dassault Aviation SA 's Falcon business jets dropped to their lowest level in five years as the threat of tariffs delay assembly and keep customers at bay. 'There is a tariff impact, no doubt about it,' Chief Executive Officer Eric Trappier said at a press conference presenting the company's first-half results. 'There are difficulties with the supply chains, which means it takes longer to deliver aircraft, of course impacting the sales.'
Bloomberg
30-06-2025
- Business
- Bloomberg
Bombardier Announces 50 Aircraft Firm Order Worth $1.7 Billion
Bombardier Inc. has agreed to sell 50 of its aircraft to an unnamed customer in a deal worth $1.7 billion. Deliveries of the Challenger and Global jets, typically used by business, private or government clients, are expected to begin in 2027, the Montreal, Quebec-based planemaker said in a statement Monday.
Zawya
18-06-2025
- Business
- Zawya
Dassault and Reliance unit to make Falcon 2000 business jets in India
A unit of India's Reliance Infrastructure and France's Dassault Aviation have partnered to manufacture Falcon 2000 business jets in India, the companies said in a joint statement on Wednesday. The companies will establish the final assembly line for the jets in Nagpur city in the western Indian state of Maharashtra, marking the first instance of Dassault manufacturing Falcon 2000 jets outside France, the statement added. The French firm aims to deliver the first made-in-India jets by 2028 for corporate and military use. Reliance Infrastructure shares shot up 5% after the news in afternoon trading. (Reporting by Hritam Mukherjee in Bengaluru; Editing by Nivedita Bhattacharjee and Mrigank Dhaniwala)
