Key facts
- General Dynamics reported increased profit in the second quarter, driven by its aerospace and marine segments.
- General Dynamics raised its full-year profit forecast to $16.80-$16.90 per share for 2026.
- Bombardier reported $228 million in second-quarter free cash flow, compared to a negative $164 million a year earlier.
- Bombardier's quarterly revenue grew 6% to $2.15 billion, with a backlog of $21.8 billion.
- Bombardier delivered 32 business jets in the quarter, down from 36 a year prior.
General Dynamics reported an increase in its second-quarter profit, driven by its aerospace and marine divisions. The defense contractor's earnings per share reached $4.24, up from $3.74 in the same period last year. The company raised its full-year profit forecast, now expecting 2026 earnings between $16.80 and $16.90 per share, with full-year revenue projected at approximately $55.7 billion.
Separately, Bombardier reported positive free cash flow of $228 million for the second quarter, a reversal from a negative $164 million a year earlier. This improvement was fueled by strong demand for private jets and aftermarket services, which helped expand its order backlog to $21.8 billion. Quarterly revenue grew 6% to $2.15 billion, though business jet deliveries decreased to 32 from 36 a year ago due to supply chain constraints. Its U.S. rival, Gulfstream Aerospace, a division of General Dynamics, reported increased deliveries.