General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services. The Marine Systems segment designs and builds nuclear-powered submarines, surface combatants, and auxiliary ships for the United States Navy and Jones Act ships for commercial customers, as well as builds crude oil and product tankers, and container and cargo ships; provides maintenance, modernization, and lifecycle support services for navy ships; offers and program management, planning, engineering, and design support services for submarine construction programs. The Combat Systems segment manufactures land combat solutions, such as wheeled and tracked combat vehicles, Stryker wheeled combat vehicles, piranha vehicles, weapons systems, munitions, mobile bridge systems with payloads, tactical vehicles, main battle tanks, armored vehicles, and armaments; and offers modernization programs, engineering, support, and sustainment services. The Technologies segment provides information technology solutions and mission support services; mobile communication, computers, and command-and-control mission systems; intelligence, surveillance, and reconnaissance solutions to military, intelligence, and federal civilian customers; cloud computing, artificial intelligence; machine learning; big data analytics; development, security, and operations; and unmanned undersea vehicle manufacturing and assembly services. The company was founded in 1899 and is headquartered in Reston, Virginia.

General Dynamics Corporation

For Immediate Release
Chicago, IL – October 29, 2025 – Today, Zacks Equity Research discusses GE Aerospace GE, General Dynamics GD and L3Harris Technologies LHX.
Industry: Aerospace & Defense
Link: https://www.zacks.com/commentary/2779010/3-aerospace-defense-stocks-to-watch-amid-supply-chain-constraints
The aerospace and defense industry is experiencing strong growth momentum, driven by rising global air travel and increased defense spending. Rising global air travel and a proposed 13% increase in the U.S. defense budget are driving stronger demand and growth opportunities for aerospace and defense manufacturers.
However, persistent supply-chain issues might restrict growth, with aircraft deliveries still 30% below peak levels and backlogs at record highs, pressuring smaller aerospace suppliers. The leading companies in the aerospace-defense industry that you might want to keep an eye on are GE Aerospace, General Dynamics and L3Harris Technologies.
About the Industry
The Zacks Aerospace-Defense industry comprises companies that primarily design and manufacture heavy-built products like commercial as well as military jets and helicopters, tankers and other combat vehicles, missiles, combatant ships as well as auxiliary ships, submarines, bombs, guns, space transportation vehicles, military satellites and a few more.
The industry also includes cyber security players that offer information technology services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions. A portion of its revenues comes from defense contractors offering spare parts, aircraft modification, ship repair and overhaul services, and supply-chain management services.
3 Trends Shaping the Future of the Aerospace-Defense Industry
Air Traffic View Boosts Opportunities: According to the latest monthly analysis report by the International Air Transport Association (“IATA”), global air passenger traffic, measured in revenue passenger kilometers (RPK), surged a solid 4.6% year over year in August 2025. This reflected the continued growth momentum in air travel. Looking ahead, IATA projects passenger traffic to grow 5.8% year over year in 2025. This steady growth outlook is expected to benefit aerospace and defense companies, particularly those serving the commercial aviation market.
Increasing the Defense Budget Continues to Spark Growth: The defense industry proved resilient throughout the period, aided by steady government financing, while the commercial aircraft business has been rising strongly in recent quarters after recovering from the pandemic-era slowdown. In light of this, it is important to note that in May 2025, U.S. President Trump proposed raising the country's defense budget by 13% to $1.01 trillion for fiscal 2026. These enhanced funding provisions create the conditions for defense-focused industry participants to increase their production volume and win additional contracts, both of which are expected to improve their bottom line.
Supply-Chain Issues Continue to Act as a Headwind: The Aerospace and Defense industry continues to face headwinds from supply-chain disruptions that began during the pandemic, caused by reduced aircraft demand and global movement restrictions. According to IATA, these supply-chain constraints will hinder airlines from reaching their full growth potential and slow progress toward reducing CO2 emissions. IATA’s June 2025 outlook notes that aircraft deliveries are currently about 30% below their previous peak, pushing the global aircraft backlog to a record 17,000 units.
These challenges have disproportionately affected smaller suppliers, particularly those closely tied to the commercial aerospace and aftermarket services sectors. While the global economy has gradually recovered, supply-chain constraints persist and are likely to hinder industry growth in the near term.
Zacks Industry Rank Reflects Dull Outlook
The Zacks Aerospace-Defense industry is housed within the broader Zacks Aerospace sector. It currently carries a Zacks Industry Rank #172, which places it in the bottom 29% of more than 243 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates gloomy near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry’s position in the bottom 50% of the Zacks-ranked industries is due to a negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts have lost confidence in this group’s earnings growth potential over the past few months. The industry’s bottom-line estimate for the current fiscal year has moved down 5.8% to $4.35 since Aug. 31.
Before we present a few aerospace-defense stocks that you may want to add to your portfolio, let’s take a look at the industry’s recent stock market performance and valuation picture.
Industry Beats S&P 500, Lags Sector
The Aerospace-Defense industry has outperformed the Zacks S&P 500 composite, while it underperformed its sector in the past year. The stocks in this industry have collectively surged 27% in the past year, while the Aerospace sector has soared 30.5%. The Zacks S&P 500 composite has gained 18.7% in the same time frame.
Industry's Current Valuation
On the basis of trailing 12-month EV/Sales, which is used for valuing capital-intensive stocks like aerospace-defense, the industry is currently trading at 3.26X compared with the S&P 500’s 5.81X and the sector’s 3.45X.
Over the past five years, the industry has traded as high as 3.26X, as low as 1.69X and at the median of 2.32X.
3 Aerospace-Defense Stocks to Watch
L3Harris Technologies: Headquartered in Melbourne, FL, LHX is a technology-oriented aerospace and defense player that delivers advanced defense technologies across air, land, sea, space and cyber domains. On Oct. 16, 2025, L3Harris Technologies revealed its agreement with MHI RJ Aviation Group to perform base maintenance work on the CRJ aircraft. L3Harris will carry out the nose-to-tail modifications under this multi-year agreement on CRJ700 and CRJ900 aircraft at two dedicated service lines at the Mirabel facility.
The Zacks Consensus Estimate for LHX’s 2025 sales calls for a 2.1% improvement from the previous year’s reported number. LHX’s long-term (three to five years) earnings growth rate is 13.02%. It currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
GE Aerospace: Based in Cincinnati, OH, the company is a leading designer, developer and producer of jet engines, components and integrated systems for military, commercial and business aircraft. GE Aerospace is well-known for its aero-derivative gas turbines for marine applications. On Oct. 21, 2025, the company announced its third-quarter 2025 results. Its total revenues surged 24% year over year to $12.2 billion, while its adjusted earnings per share (EPS) improved 44%.
The Zacks Consensus Estimate for GE’s fourth-quarter 2025 sales indicates an 11.1% improvement from the year-ago quarter’s reported number. The estimate for fourth-quarter 2025 earnings implies 6.8% growth from the year-ago quarter’s reported number. GE currently carries a Zacks Rank #3 (Hold).
General Dynamics: Headquartered in Reston, VA, GD engages in mission-critical information systems and technologies; land and expeditionary combat vehicles, armaments and munitions; shipbuilding and marine systems; and business aviation. The company released its third-quarter earnings on Oct. 24, 2025. Its total revenues surged 10.6% year over year to $12.91 billion, while its adjusted EPS improved 15.8% to $3.88.
The Zacks Consensus Estimate for GD’s 2025 sales indicates a 7.3% increase from the previous year’s reported number. The estimate for 2025 earnings implies 12% growth from last year’s reported figure. It currently carries a Zacks Rank #3.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Zacks Industry Outlook Highlights GE Aerospace, General Dynamics and L3Harris

Key Points
The pandemic hit the aircraft and parts supply chain hard.
Meanwhile, demand for air travel continues to climb.
The supply-demand mismatch should push this ETF higher.
The aviation industry has all the customers it needs right now. Unfortunately, it doesn't have the planes and parts it needs to serve them.
Commercial travel demand has rebounded strongly from the precipitous drop-off it experienced during the global pandemic. Demand for air travel grew a healthy 10.4% last year. And it's projected to continue growing at an annual rate of 4.2% through 2030.
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Unfortunately, there's a severe shortage of new aircraft available to meet that rising demand. Due to a hangover from the pandemic, which caused major supply chain disruptions for engine and aircraft manufacturers, as well as shortages of both skilled labor and raw materials like semiconductors, there's currently a global backlog of more than 17,000 aircraft.
That will be rough on airlines, as they will struggle to find enough new aircraft to meet demand and will also face higher maintenance and leasing costs. The International Air Transport Association -- the global trade association for airlines -- expects supply chain problems to cost airlines more than $11 billion this year.
Aircraft suppliers look to benefit
But the supply demand mismatch is expected to be a huge boon to aircraft leasing companies, maintenance and repair companies, and plane, engine, and parts manufacturers. How can investors benefit from this situation?
The iShares US Aerospace & Defense ETF (NYSEMKT: ITA) is the largest U.S.-listed exchange-traded fund focused on the aerospace and defense sector. It's up 48% in 2025 (more than three times the gain of the S&P 500 index this year), and it looks to head higher as aviation industry problems persist -- perhaps for years.
The ITA ETF tracks the Dow Jones U.S. Select Aerospace & Defense Index, which means it doesn't try to pick individual stocks but instead attempts to mirror the holdings and performance of that index. Its largest holdings are:
There are 33 other stocks in the ETF beyond those six (for a total of 39 holdings), which makes it significantly diversified within that sector. The fund has assets under management of about $12.2 billion, and its annual expense ratio, which shareholders pay, is a low 0.38%, which is about average for industry-specific ETFs.
The ETF is also highly liquid. As of August 2024, it traded with a 0.05% 30-day median bid-ask spread, which means there's a tiny gap between the buying and selling price. It also sees an average of some 664,000 shares traded over a 30-day period, which means it's easy for investors to get in or out without impacting the price.
An ongoing shortage of planes
Aircraft industry executives say they expect the shortage of planes to last several more years, as the global supply chain is difficult to repair and is not yet close to recovering to its pre-pandemic levels of output.
That's a big part of the reason that aerospace stocks are having a banner year in 2025. GE is up 84% year to date; Boeing is up 23%; RTX has climbed 55%; Howmet Aerospace (NYSE: HWM), another holding in the ITA ETF, is up 83%; and Huntington Ingalls Industries (NYSE: HII), yet another holding, has soared 54%.
A major supply disruption is not good for airlines or flyers, but it could be good for investors.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The Aviation Industry Has a Major Supply Chain Problem. Here's How Investors Can Still Win.

Fintel reports that on October 28, 2025, B of A Securities maintained coverage of General Dynamics (NYSE:GD) with a Buy recommendation.
Analyst Price Forecast Suggests 10.80% Upside
As of October 28, 2025, the average one-year price target for General Dynamics is $384.07/share. The forecasts range from a low of $303.00 to a high of $425.25. The average price target represents an increase of 10.80% from its latest reported closing price of $346.65 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for General Dynamics is 46,261MM, a decrease of 10.19%. The projected annual non-GAAP EPS is 17.93.
What is the Fund Sentiment?
There are 2,844 funds or institutions reporting positions in General Dynamics. This is an increase of 121 owner(s) or 4.44% in the last quarter. Average portfolio weight of all funds dedicated to GD is 0.37%, an increase of 0.04%. Total shares owned by institutions decreased in the last three months by 0.49% to 272,216K shares. The put/call ratio of GD is 0.64, indicating a bullish outlook.
What are Other Shareholders Doing?
Longview Asset Management holds 28,034K shares representing 10.39% ownership of the company. In its prior filing, the firm reported owning 28,098K shares , representing a decrease of 0.23%. The firm decreased its portfolio allocation in GD by 1.16% over the last quarter.
Newport Trust holds 14,418K shares representing 5.35% ownership of the company. In its prior filing, the firm reported owning 14,761K shares , representing a decrease of 2.38%. The firm decreased its portfolio allocation in GD by 2.15% over the last quarter.
Bank Of America holds 9,124K shares representing 3.38% ownership of the company. In its prior filing, the firm reported owning 8,692K shares , representing an increase of 4.74%. The firm increased its portfolio allocation in GD by 1.73% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,334K shares representing 2.72% ownership of the company. In its prior filing, the firm reported owning 7,261K shares , representing an increase of 0.99%. The firm decreased its portfolio allocation in GD by 3.58% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 7,151K shares representing 2.65% ownership of the company. In its prior filing, the firm reported owning 7,050K shares , representing an increase of 1.41%. The firm decreased its portfolio allocation in GD by 3.58% over the last quarter.
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This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

B of A Securities Maintains General Dynamics (GD) Buy Recommendation

The aerospace and defense industry is experiencing strong growth momentum, driven by rising global air travel and increased defense spending. Rising global air travel and a proposed 13% increase in the U.S. defense budget are driving stronger demand and growth opportunities for aerospace and defense manufacturers. However, persistent supply-chain issues might restrict growth, with aircraft deliveries still 30% below peak levels and backlogs at record highs, pressuring smaller aerospace suppliers. The leading companies in the aerospace-defense industry that you might want to keep an eye on are GE Aerospace GE, General Dynamics GD and L3Harris Technologies LHX.
About the Industry
The Zacks Aerospace-Defense industry comprises companies that primarily design and manufacture heavy-built products like commercial as well as military jets and helicopters, tankers and other combat vehicles, missiles, combatant ships as well as auxiliary ships, submarines, bombs, guns, space transportation vehicles, military satellites and a few more.
The industry also includes cyber security players that offer information technology services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions. A portion of its revenues comes from defense contractors offering spare parts, aircraft modification, ship repair and overhaul services, and supply-chain management services.
3 Trends Shaping the Future of the Aerospace-Defense Industry
Air Traffic View Boosts Opportunities: According to the latest monthly analysis report by the International Air Transport Association (“IATA”), global air passenger traffic, measured in revenue passenger kilometers (RPK), surged a solid 4.6% year over year in August 2025. This reflected the continued growth momentum in air travel. Looking ahead, IATA projects passenger traffic to grow 5.8% year over year in 2025. This steady growth outlook is expected to benefit aerospace and defense companies, particularly those serving the commercial aviation market.
Increasing the Defense Budget Continues to Spark Growth: The defense industry proved resilient throughout the period, aided by steady government financing, while the commercial aircraft business has been rising strongly in recent quarters after recovering from the pandemic-era slowdown. In light of this, it is important to note that in May 2025, U.S. President Trump proposed raising the country's defense budget by 13% to $1.01 trillion for fiscal 2026. These enhanced funding provisions create the conditions for defense-focused industry participants to increase their production volume and win additional contracts, both of which are expected to improve their bottom line.
Supply-Chain Issues Continue to Act as a Headwind: The Aerospace and Defense industry continues to face headwinds from supply-chain disruptions that began during the pandemic, caused by reduced aircraft demand and global movement restrictions. According to IATA, these supply-chain constraints will hinder airlines from reaching their full growth potential and slow progress toward reducing CO2 emissions. IATA’s June 2025 outlook notes that aircraft deliveries are currently about 30% below their previous peak, pushing the global aircraft backlog to a record 17,000 units.
These challenges have disproportionately affected smaller suppliers, particularly those closely tied to the commercial aerospace and aftermarket services sectors. While the global economy has gradually recovered, supply-chain constraints persist and are likely to hinder industry growth in the near term.
Zacks Industry Rank Reflects Dull Outlook
The Zacks Aerospace-Defense industry is housed within the broader Zacks Aerospace sector. It currently carries a Zacks Industry Rank #172, which places it in the bottom 29% of more than 243 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates gloomy near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry’s position in the bottom 50% of the Zacks-ranked industries is due to a negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts have lost confidence in this group’s earnings growth potential over the past few months. The industry’s bottom-line estimate for the current fiscal year has moved down 5.8% to $4.35 since Aug. 31.
Before we present a few aerospace-defense stocks that you may want to add to your portfolio, let’s take a look at the industry’s recent stock market performance and valuation picture.
Industry Beats S&P 500, Lags Sector
The Aerospace-Defense industry has outperformed the Zacks S&P 500 composite, while it underperformed its sector in the past year. The stocks in this industry have collectively surged 27% in the past year, while the Aerospace sector has soared 30.5%. The Zacks S&P 500 composite has gained 18.7% in the same time frame.
One-Year Price Performance
Industry's Current Valuation
On the basis of trailing 12-month EV/Sales, which is used for valuing capital-intensive stocks like aerospace-defense, the industry is currently trading at 3.26X compared with the S&P 500’s 5.81X and the sector’s 3.45X.
Over the past five years, the industry has traded as high as 3.26X, as low as 1.69X and at the median of 2.32X.
EV-Sales Ratio TTM
3 Aerospace-Defense Stocks to Watch
L3Harris Technologies: Headquartered in Melbourne, FL, LHX is a technology-oriented aerospace and defense player that delivers advanced defense technologies across air, land, sea, space and cyber domains. On Oct. 16, 2025, L3Harris Technologies revealed its agreement with MHI RJ Aviation Group to perform base maintenance work on the CRJ aircraft. L3Harris will carry out the nose-to-tail modifications under this multi-year agreement on CRJ700 and CRJ900 aircraft at two dedicated service lines at the Mirabel facility.
The Zacks Consensus Estimate for LHX’s 2025 sales calls for a 2.1% improvement from the previous year’s reported number. LHX’s long-term (three to five years) earnings growth rate is 13.02%. It currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Price & Consensus: LHX
GE Aerospace: Based in Cincinnati, OH, the company is a leading designer, developer and producer of jet engines, components and integrated systems for military, commercial and business aircraft. GE Aerospace is well-known for its aero-derivative gas turbines for marine applications. On Oct. 21, 2025, the company announced its third-quarter 2025 results. Its total revenues surged 24% year over year to $12.2 billion, while its adjusted earnings per share (EPS) improved 44%.
The Zacks Consensus Estimate for GE’s fourth-quarter 2025 sales indicates an 11.1% improvement from the year-ago quarter’s reported number. The estimate for fourth-quarter 2025 earnings implies 6.8% growth from the year-ago quarter’s reported number. GE currently carries a Zacks Rank #3 (Hold).
Price & Consensus: GE
General Dynamics: Headquartered is in Reston, VA, GD engages in mission-critical information systems and technologies; land and expeditionary combat vehicles, armaments and munitions; shipbuilding and marine systems; and business aviation. The company released its third-quarter earnings on Oct. 24, 2025. Its total revenues surged 10.6% year over year to $12.91 billion, while its adjusted EPS improved 15.8% to $3.88.
The Zacks Consensus Estimate for GD’s 2025 sales indicates a 7.3% increase from the previous year’s reported number. The estimate for 2025 earnings implies 12% growth from last year’s reported figure. It currently carries a Zacks Rank #3.
Price & Consensus: GD
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3 Aerospace-Defense Stocks to Watch Amid Supply-Chain Constraints

Fintel reports that on October 27, 2025, UBS maintained coverage of General Dynamics (NYSE:GD) with a Neutral recommendation.
Analyst Price Forecast Suggests 2.34% Downside
As of September 30, 2025, the average one-year price target for General Dynamics is $342.55/share. The forecasts range from a low of $282.80 to a high of $388.50. The average price target represents a decrease of 2.34% from its latest reported closing price of $350.77 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for General Dynamics is 46,261MM, a decrease of 10.19%. The projected annual non-GAAP EPS is 17.93.
What is the Fund Sentiment?
There are 2,843 funds or institutions reporting positions in General Dynamics. This is an increase of 123 owner(s) or 4.52% in the last quarter. Average portfolio weight of all funds dedicated to GD is 0.37%, an increase of 0.30%. Total shares owned by institutions decreased in the last three months by 0.21% to 272,293K shares. The put/call ratio of GD is 0.66, indicating a bullish outlook.
What are Other Shareholders Doing?
Longview Asset Management holds 28,034K shares representing 10.39% ownership of the company. In its prior filing, the firm reported owning 28,098K shares , representing a decrease of 0.23%. The firm decreased its portfolio allocation in GD by 1.16% over the last quarter.
Newport Trust holds 14,418K shares representing 5.35% ownership of the company. In its prior filing, the firm reported owning 14,761K shares , representing a decrease of 2.38%. The firm decreased its portfolio allocation in GD by 2.15% over the last quarter.
Bank Of America holds 9,124K shares representing 3.38% ownership of the company. In its prior filing, the firm reported owning 8,692K shares , representing an increase of 4.74%. The firm increased its portfolio allocation in GD by 1.73% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,334K shares representing 2.72% ownership of the company. In its prior filing, the firm reported owning 7,261K shares , representing an increase of 0.99%. The firm decreased its portfolio allocation in GD by 3.58% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 7,151K shares representing 2.65% ownership of the company. In its prior filing, the firm reported owning 7,050K shares , representing an increase of 1.41%. The firm decreased its portfolio allocation in GD by 3.58% over the last quarter.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

UBS Maintains General Dynamics (GD) Neutral Recommendation

Shares of Intel Corp. (INTC) rose 0.3% after the company reported third-quarter adjusted earnings of $0.23 per share, surpassing the Zacks Consensus Estimate of $0.01 per share.
SS&C Technologies Holdings Inc.’s (SSNC) shares surged 4.6% after the company posted third-quarter adjusted earnings of $1.57 per share, outpacing the Zacks Consensus Estimate of $1.48 per share.
Shares of Ford Motor Co. (F) jumped 12.2% after reporting third-quarter adjusted earnings of $0.45 per share, exceeding the Zacks Consensus Estimate of $0.38 per share.
General Dynamics Corp.’s (GD) shares gained 2.7% after posting third-quarter adjusted earnings of $3.88 per share, beating the Zacks Consensus Estimate of $3.73 per share.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Company News for Oct 27, 2025

Pre-market futures had rocketed higher upon the long-awaited release of the Consumer Price Index (CPI) report this morning, which actually showed inflation metrics tick DOWN slightly, instead of work their way higher, as they had done in previous months. The Dow moved from +87 points immediately ahead of the release to +210 points now, the S&P 500 went from +23 to +41, and the Nasdaq shot up from +125 points to +222 points at this hour.
Market participants had been trusting economic figures to remain subdued during these 3 1/2 weeks of a government shutdown, and their wish came true with September CPI numbers this morning: -10 basis points (bps) on CPI month over month (+0.3% vs +0.4%) and core month over month (+0.2% vs +0.3%). Headline CPI on a monthly basis has had a tendency to bounce around a bit lately — August was +0.4%, May -0.1% — but the yearly numbers have told a different story.
The Inflation Rate (CPI year over year headline) ticked up to +3.0% for the first time since January, but 10 bps lower than anticipated. And core CPI year over year came down (10 bps to +3.0%) for the first time since May. We haven’t seen an Inflation Rate above +3% since May of 2024 — when numbers were moving downward at a steady clip. But on core — stripping out volatile food and energy prices — this is the first downward move since March of this year.
The bottom line is this: inflation looks softer on this metric. This will make it easier for the Fed to cut rates 25 bps next week, and forecast another cut at its final meeting of 2025. Should these cuts come to pass, we’ll be 3.50-3.75% as of December — the lowest level in three years. This is not only helping market futures rise but bond yields come down 20 bps from a month ago.
Quarterly Earnings at a Glance: P&G, General Dynamics & More
Quickly, we see more earnings reports of note this morning to finish the trading week. Procter & Gamble PG beat expectations on fiscal Q1 earnings by 9 cents (+4.74%) to $1.99 per share, and the stock is up +2.7% in this strong pre-market.
Military equipment major General Dynamics GD took its Zacks Rank #3 (Hold) rating into today’s Q3 report and beat on earnings by +4% — $3.88 per share versus $3.72 in the Zacks consensus. Shares are up +4.25% on the news thus far.
Even more impressive this morning is the Q3 earnings report from HCA Healthcare HCA this morning. Earnings of $6.96 per share swept past the $5.65 expected, for a +23.2% positive surprise. Shares of the mid-level hospital operator qare up +4.35% in today’s pre-market.
What to Expect from the Market Next Week
This morning’s CPI data reinforced the notion that the Fed is going to cut interest rates next week by 25 bps to below 4% for the first time in three years. It would be hard to come up with a stronger narrative ahead of next week than that. Had CPI data come in hotter than expected, no doubt we’d be focusing on what Fed Chair Jerome Powell & Co. must be considering.
Q3 earnings season hits full throttle next week, peaking mid-week with over 300 companies posting quarterly numbers Wednesday and even more on Thursday. Among these will include “Mag 7” members Microsoft MSFT, Alphabet GOOGL — both Wednesday after the close — and Apple AAPL and Amazon AMZN Thursday afternoon.
Zacks Names #1 Semiconductor Stock
This under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
HCA Healthcare, Inc. (HCA) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

CPI Numbers Come in Cooler

Friday, October 24, 2025
Pre-market futures had rocketed higher upon the long-awaited release of the Consumer Price Index (CPI) report this morning, which actually showed inflation metrics tick DOWN slightly, instead of work their way higher, as they had done in previous months. The Dow moved from +87 points immediately ahead of the release to +210 points now, the S&P 500 went from +23 to +41, and the Nasdaq shot up from +125 points to +222 points at this hour.
Market participants had been trusting economic figures to remain subdued during these 3 1/2 weeks of a government shutdown, and their wish came true with September CPI numbers this morning: -10 basis points (bps) on CPI month over month (+0.3% vs +0.4%) and core month over month (+0.2% vs +0.3%). Headline CPI on a monthly basis has had a tendency to bounce around a bit lately — August was +0.4%, May -0.1% — but the yearly numbers have told a different story.
The Inflation Rate (CPI year over year headline) ticked up to +3.0% for the first time since January, but 10 bps lower than anticipated. And core CPI year over year came down (10 bps to +3.0%) for the first time since May. We haven’t seen an Inflation Rate above +3% since May of 2024 — when numbers were moving downward at a steady clip. But on core — stripping out volatile food and energy prices — this is the first downward move since March of this year.
The bottom line is this: inflation looks softer on this metric. This will make it easier for the Fed to cut rates 25 bps next week, and forecast another cut at its final meeting of 2025. Should these cuts come to pass, we’ll be 3.50-3.75% as of December — the lowest level in three years. This is not only helping market futures rise but bond yields come down 20 bps from a month ago.
Quarterly Earnings at a Glance: P&G, General Dynamics & More
Quickly, we see more earnings reports of note this morning to finish the trading week. Procter & Gamble PG beat expectations on fiscal Q1 earnings by 9 cents (+4.74%) to $1.99 per share, and the stock is up +2.7% in this strong pre-market. For more on PG’s earnings, click here.
Military equipment major General Dynamics GD took its Zacks Rank #3 (Hold) rating into today’s Q3 report and beat on earnings by +4% — $3.88 per share versus $3.72 in the Zacks consensus. Shares are up +4.25% on the news thus far. For more on GD’s earnings, click here.
Even more impressive this morning is the Q3 earnings report from HCA Healthcare HCA this morning. Earnings of $6.96 per share swept past the $5.65 expected, for a +23.2% positive surprise. Shares of the mid-level hospital operator qare up +4.35% in today’s pre-market. For more on HCA’s earnings, click here.
What to Expect from the Market Next Week
This morning’s CPI data reinforced the notion that the Fed is going to cut interest rates next week by 25 bps to below 4% for the first time in three years. It would be hard to come up with a stronger narrative ahead of next week than that. Had CPI data come in hotter than expected, no doubt we’d be focusing on what Fed Chair Jerome Powell & Co. must be considering.
Q3 earnings season hits full throttle next week, peaking mid-week with over 300 companies posting quarterly numbers Wednesday and even more on Thursday. Among these will include “Mag 7” members Microsoft MSFT, Alphabet GOOGL — both Wednesday after the close — and Apple AAPL and Amazon AMZN Thursday afternoon.
Questions or comments about this article and/or author? Click here>>
Zacks Names #1 Semiconductor Stock
This under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
HCA Healthcare, Inc. (HCA) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Pre-markets Soar on Softer CPI Numbers

(RTTNews) - General Dynamics Corp. (GD) announced earnings for its third quarter that Increased, from last year and beat the Street estimates.
The company's earnings came in at $1.059 billion, or $3.88 per share. This compares with $930 million, or $3.35 per share, last year.
Analysts on average had expected the company to earn $3.71 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 10.6% to $12.907 billion from $11.671 billion last year.
General Dynamics Corp. earnings at a glance (GAAP) :
-Earnings: $1.059 Bln. vs. $930 Mln. last year. -EPS: $3.88 vs. $3.35 last year. -Revenue: $12.907 Bln vs. $11.671 Bln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

General Dynamics Corp. Bottom Line Climbs In Q3, Beats Estimates

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Indicator	TTM Median
P/E	20.16 21.58
Price/Sales	1.60 1.29
P/B	3.37 2.25
P/FCF	23.86 17.83

Indicator	TTM Median
ROE	17.10 15.71
ROA	6.76 6.45
ROI	12.71 9.56
Net Worth	76.25 1.27
Quick Ratio	0.82 1.16
Current Ratio	1.37 1.57

Indicator	TTM Median
Net Profit Margin	7.93 7.31
Operating Margin	10.05 10.18
Gross Margin	15.43 32.50
Return on tangible equity	126.07K 25.81

Indicator	TTM Median
EPS	3.66 0.49
EPS Forecast	3.47 0.53
Revenue	13.34B 194.00M
Gross Profit	2.09B —
EBITDA	1.66B —

General Dynamics Corporation

TTM metrics for the latest quarter under IFRS and their historical dynamics

Valuation

Debts

Efficiency

Other ratios

Revenue