General Dynamics says Q3 was ‘superb’

Says G800 will provide “majority” of delivery growth in Q4. Says manufacturing hours on G700, G800 coming down q/q. Says “accelerated interest” across all aircraft models in Q3. Seeing “measurable improvement” in the supply chain. Says demand strong across Combat Systems segment. Expects continued margin strength, strong cash generation going forward. Expects free cash flow conversion in low 90’s for the year. Says taking “prudent actions” to preserve cash and liquidity. Targeting over 2% of sales for FY25 CapEx. Comments taken from Q3 earnings conference call.