General Dynamics Corporation: Update to Credit Analysis - debt repayment on track, but could slow in 2020 on higher working capital
Operational performance across segments is expected to remain solid, with an inflection in cash flows in 2020 and progress towards debt repayment to pre-acquisition levels.General Dynamics is an aerospace and defense company. The company has five operating segments: Aerospace, which provides a family of Gulfstream aircraft and services for business aircraft produced by Gulfstream and other original equipment manufacturers; Combat Systems, which provides combat vehicles, weapons systems and munitions; Information Technology, which provides information technology (IT) services, IT infrastructure modernization and professional services; Mission Systems, which provides mission-critical products and systems; and Marine Systems, which designs and builds nuclear-powered submarines, surface combatants, and auxiliary and combat-logistics ships.
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