General Dynamics Raises Forecast After Q3 Growth

General Dynamics reported strong third-quarter 2026 results, with revenue up 12.9%, earnings per share of $4.49 and record backlog of $220 billion after nearly $99 billion in new orders. Growth was especially strong in Marine Systems, supported by major submarine contracts, and the company raised its full-year earnings outlook for the third time this year. Market comparisons show General Dynamics has higher revenue and earnings and a lower price-to-earnings ratio than industry peers, while analysts see less potential upside for its shares; its stock also has lower volatility and substantially greater institutional ownership than the sector average.