General Dynamics lifts its outlook as aerospace and naval orders surge

Reuters reported that the quarter included awards for five additional Columbia-class submarines and nine Virginia-class submarines. The company said easing supply and labor constraints were increasing productive hours at its shipyards.

Aerospace orders reached $5 billion, and Gulfstream delivered 40 aircraft, one more than a year earlier. General Dynamics now expects annual revenue of $56.5 billion to $56.8 billion and earnings of $17.20 to $17.30 per share.