General Dynamics reported second-quarter 2026 revenue of $14.09 billion on July 29, 2026, with its Aerospace segment posting the fastest revenue growth of the company’s four divisions.
Revenue for the quarter, which ended July 5, 2026, rose 8.1% from $13.04 billion a year earlier.
Chairman and CEO Phebe Novakovic attributed the quarter to “double-digit increases in revenue and noteworthy margin expansion in Aerospace and Marine Systems.”
Gulfstream deliveries rise to 41
The Aerospace segment, which houses Gulfstream Aerospace and Jet Aviation, generated $3.53 billion in revenue, up 15.1% from $3.06 billion in the second quarter of 2025. Segment operating earnings jumped 26.6% to $510 million.
Gulfstream handed over 41 aircraft during the quarter, comprising 35 large-cabin and six mid-cabin jets, against 32 large-cabin and six mid-cabin aircraft a year earlier. That brings first-half deliveries to 79, up from 74, following the 38 aircraft delivered in the first quarter of 2026.
General Dynamics said it delivered the 100th G700 during the quarter, a little over two years after the type entered service and roughly 14 months after the 50th example was handed over.
Output of the G800 is also building following the type’s first customer delivery in August 2025. The ultra-long-range model set a business aviation distance and speed record in June 2026, flying nonstop from Reykjavik to Savannah at an average of Mach 0.91.
Backlog grows, guidance raised
Aerospace orders totaled $5.28 billion for a book-to-bill ratio of 1.5-to-1, lifting segment backlog to $23.98 billion, 20% higher than a year earlier. Companywide backlog reached $136.5 billion, up 31.7%, on $20 billion in orders across the four segments.
General Dynamics raised its full-year 2026 outlook. Aerospace is now expected to generate about $13.8 billion in revenue at a 14.7% operating margin, up from the roughly 14.0% margin forecast in January 2026, on approximately 160 aircraft deliveries.