General Dynamics Corporation reported a strong financial performance for the fiscal year ending December 31, 2025, with total revenue reaching $52.6 billion, a 10.1% increase from $47.7 billion in 2024. Operating earnings also rose to $5.4 billion, reflecting an 11.7% growth compared to the previous year. The company achieved diluted earnings per share of $15.45, up 13.4% from $13.63 in 2024. Cash provided by operating activities was $5.1 billion, representing 122% of net earnings, indicating robust cash flow generation.
The company experienced significant growth across all its operating segments, particularly in Aerospace and Marine Systems, which saw revenue increases of 16.5% and 16.6%, respectively. The Aerospace segment generated $13.1 billion in revenue, driven by higher aircraft manufacturing and services, while Marine Systems reported $16.7 billion, bolstered by increased U.S. Navy ship construction. Combat Systems and Technologies segments also contributed to the overall growth, with revenues of $9.2 billion and $13.5 billion, respectively.
Strategically, General Dynamics has focused on expanding its product offerings and capabilities. The company launched the Gulfstream G800, which entered service in 2025, and continued to develop its next-generation aircraft lineup. Additionally, the Marine Systems segment is ramping up production capacity for the Columbia-class and Virginia-class submarines, with a backlog of $118 billion as of December 31, 2025, a 30% increase from the previous year. This backlog reflects strong demand for both military and commercial products, including significant contract awards from the U.S. Navy.
Operationally, General Dynamics employed approximately 117,000 employees globally, with a workforce that includes a diverse range of skills necessary for its complex aerospace and defense projects. The company has also expanded its geographic footprint, particularly in Europe, where demand for military products has surged due to ongoing regional conflicts. The Technologies segment has been actively modernizing IT infrastructure for U.S. defense and civilian agencies, further solidifying its market position.
Looking ahead, General Dynamics anticipates continued growth in 2026, with projected revenue increases across all segments. The company expects to generate approximately $13.6 billion in the Aerospace segment and $17.3 to $17.7 billion in Marine Systems. The outlook remains positive, supported by a strong backlog and ongoing investments in advanced technologies and capabilities to meet evolving customer needs.
About GENERAL DYNAMICS CORP
General Dynamics is a global aerospace and defense company providing advanced design, engineering, and manufacturing across segments including aerospace, marine systems, combat systems, and technologies. It serves government and commercial markets worldwide, offering business jets, military submarines, ships, land combat vehicles, weapons, and mission-critical systems. The company emphasizes innovation, quality, and long-term value through technological leadership and strategic investments.
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