Report
Chris Higgins
EUR 101.80 For Business Accounts Only

GD's defense businesses are poised for growth and business jet margins remain resilient.

Wide-moat General Dynamics reported second-quarter 2017 results that featured slightly higher operating profit and moderate EPS growth that matched consensus expectations, while revenue fell slightly. Management also updated guidance this quarter, increasing their full-year EPS outlook by roughly 2% mainly due to nonoperating items. We continue to think General Dynamics is one of the best-managed aerospace and defense companies we cover, garnering an Exemplary stewardship rating and a wide econo...
Underlying
General Dynamics Corporation

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.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Chris Higgins

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