General Dynamics Corp

General Dynamics capped a standout third quarter of 2025 with beats on both the top and bottom lines, as the defense and aerospace giant posted revenue of $12.91 billion, up 10.6% year over year and ahead of the $12.53 billion consensus, while diluted EPS of $3.88 cleared the $3.71 estimate by 4.57%. The single most decisive driver was an extraordinary surge in the Aerospace segment, where revenue jumped 30.3% to $3.23 billion as Gulfstream accelerated aircraft deliveries to 39 in the quarter, up from 28 a year ago, and booked $4.05 billion in new orders at a 1.3x book-to-bill ratio, reflecting what analysts have characterized as remarkably strong business jet demand. The strength was not confined to aerospace; Marine Systems added 13.8% revenue growth to $4.10 billion on sustained submarine demand, and total companywide orders of $19.30 billion pushed consolidated backlog to $109.86 billion, a sharp rise from $92.63 billion a year earlier, underscoring the durability of both defense spending momentum and commercial aviation appetite heading into year-end.