OPENING L INES GENERAL DYNAMICS BUSINESS JET REVENUE JUMPS 50% environment,” CEO Phebe Novakovic said in a statement. General Dynamics delivered 37 business jets in the quarter, compared with 21 in the same period a year ago representing a more than 50% increase. The Federal Aviation Administration certified the G700 business jet just days before the quarter began, unlocking a surge of deliveries. In the first quarter, the company delivered 24 business jets. Despitecostpressuresowingtoabudgetconstrained U.S. defense budget, defense firms continue to see strong demand for military equipment amid Source-https://nbaa.org/ Aatreyee Dasgupta in Bengaluru and Mike Stone, First Published July 24, 2024 WASHINGTON (Reuters) -General Dynamics reported an 18% rise in second-quarter revenue on Wednesday, helped by higher demand for its ammunition and nuclear-powered submarines and a 50% year-on-year jump in revenue from business jets. “In the Aerospace segment, we are continuing to ramp up the pace of our G700 deliveries and our defense businesses continue to grow, reflecting increased demand in response to the threat 9 BUSINESS VIEW MAGAZINE VOLUME 11, ISSUE 07
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