Senior / Principal Engineer

General Dynamics Electric Boat has secured $71.6 billion in contracts to build 14 submarines for the US Navy, part of a broader $76.6 billion Navy award. The company will receive $29.5 billion for five Columbia-class submarines and $42.1 billion for nine Virginia-class submarines, plus additional support for shipyard infrastructure. Mark Rayha, president of General Dynamics Electric Boat, said the contracts provide demand certainty needed to continue investing in capacity and workforce expansion to deliver on schedule. The Groton, Connecticut-based company designs and builds nuclear submarines for the US Navy and employs more than 27,000 people. Parent company General Dynamics generated $52.6 billion in revenue in 2025.

General Dynamics reports second-quarter 2026 financial results. * Revenue $14.1 billion, up 8.1% versus prior year * Diluted EPS $4.24, up 13.4% versus prior year * $1.9 billion cash from operating activities, 162% of net earnings * 1.4-to-1 book-to-bill, with strong order activity in all segments RESTON, Va. - General Dynamics (NYSE: GD) today reported second-quarter 2026 operating earnings of $1.5 billion, and $4.24 per diluted share (EPS), on revenue of $14.1 billion. Compared with the year-ago quarter, revenue increased 8.1%, operating earnings increased 11.9%, and diluted EPS increased 13.4%. Operating margin of 10.4% was a 40-basis-point expansion from the year-ago quarter. "Our businesses delivered solid results in the quarter, with revenue growth across all four segments - including double-digit increases in revenue and noteworthy margin expansion in Aerospace and Marine Systems - reflecting our ongoing efforts to increase the pace of execution and deliver on our backlog," said Phebe Novakovic, chairman and chief executive officer. "We are well positioned to support our customers' needs and are continuing to make significant investments to increase output to meet strong and growing demand." Cash and capital deployment. Net cash provided by operating activities in the quarter totaled $1.9 billion, or 162% of net earnings. During the quarter, the company paid $429 million in dividends, invested $234 million in capital expenditures, and reduced total debt by $498 million. The company ended the quarter with $7.5 billion in total debt and $4.3 billion in cash and equivalents on hand. Orders and backlog. Orders received in the quarter totaled $14.7 billion in the defense segments and $5.3 billion in the Aerospace segment, for a total of $20 billion. Book-to-bill ratio, defined as orders divided by revenue, was 1.4-to-1 for the quarter for the defense segments, 1.5-to-1 for the Aerospace segment, and 1.4-to-1 on a company-wide basis. Backlog at the end of the quarter was $136.5 billion. Estimated potential contract value, representing management's estimate of additional value in unfunded indefinite delivery, indefinite quantity (IDIQ) contracts and unexercised options, was $50.4 billion. Total estimated contract value, the sum of backlog plus estimated potential contract value, was $186.9 billion. About General Dynamics Headquartered in Reston, Virginia, General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 120,000 people worldwide and generated $52.6 billion in revenue in 2025. More information is available at www.gd.com. WEBCAST INFORMATION: General Dynamics' financial results conference call will be held on Wednesday, July 29, 2026, at 9:00 a.m. EDT. A link to the live webcast will be available at www.gd.com and will be available for replay following the call. Corresponding presentation slides will be available for download prior to the call. This press release may contain forward-looking statements (FLS), including statements about the company's future operational and financial performance, which are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "forecasts," "scheduled," "outlook," "estimates," "should" and variations of these words and similar expressions are intended to identify FLS. In making FLS, General Dynamics Corporation rely on assumptions and analyses based on its experience and perception of historical trends; current conditions and expected future developments; and other factors, estimates and judgments General Dynamics Corporation consider reasonable and appropriate based on information available to General Dynamics Corporation at the time. FLS are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. 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