GD · 10-Q · 2026Q4 · Full report

Backlog and Book-to-Bill

GENERAL DYNAMICS CORP · 2026-10-30 · Importance 75 · Surprise 64 · From source text

Total backlog, including funded and unfunded work, reached $220.3 billion at October 4, 2026, versus $136.5 billion at the end of the prior quarter; total estimated contract value was $270.7 billion. Aerospace backlog was $25.4 billion, with a 1.4-to-1 book-to-bill ratio for both the third quarter and first nine months. Defense-segment backlog was $195 billion, up 73% from $112.5 billion at the prior-quarter end, primarily because of large Marine Systems awards for Virginia-class and Columbia-class submarine construction. Defense book-to-bill was 8.5-to-1 for the quarter and 4.1-to-1 for the first nine months; estimated potential contract value in the defense segments was $49 billion.

Key facts

• General Dynamics’ defense-segment backlog was $195 billion on October 4, 2026, up 73% from $112.5 billion at the end of the second quarter, primarily due to large Marine Systems awards for Virginia-class and Columbia-class submarine construction. source
• General Dynamics’ total backlog was $220.3 billion at the end of the third quarter of 2026, compared with $136.5 billion at the end of the second quarter. source
• General Dynamics’ total estimated contract value was $270.7 billion on October 4, 2026. source
• General Dynamics’ Aerospace segment ended the third quarter of 2026 with backlog of $25.4 billion. source
• General Dynamics’ defense-segment estimated potential contract value was $49 billion on October 4, 2026. source
• General Dynamics’ Aerospace estimated potential contract value was $1.4 billion on October 4, 2026. source
• General Dynamics’ Aerospace segment achieved a 1.4-to-1 book-to-bill ratio in the third quarter and first nine months of 2026, while revenue grew more than 9% in each period. source
• General Dynamics’ defense segments achieved book-to-bill ratios of 8.5-to-1 in the third quarter of 2026 and 4.1-to-1 in the first nine months. source

Impact estimates