GD · 10-Q · 2026Q4 · Full report
Liquidity and Debt Position
GENERAL DYNAMICS CORP · 2026-10-30 · Importance 55 · Surprise 56 · From source text
Cash and equivalents were $4.4 billion at the end of the third quarter of 2026, compared with $2.3 billion at year-end 2025. The company repaid $1.0 billion of fixed-rate notes at maturity, consisting of $500 million in August and $500 million in June, using cash on hand. No commercial paper was outstanding at October 4, 2026; a $4 billion committed bank credit facility supported general corporate and working-capital needs and commercial paper issuances. The facility was due to expire in March 2027, and the company could renew or replace it before expiration.
Key facts
- General Dynamics has a $4 billion committed bank credit facility for general corporate purposes, working capital needs and support of commercial paper issuances; it may renew or replace the facility at or before its March 2027 expiration. source
- General Dynamics ended the third quarter of 2026 with $4.4 billion in cash and equivalents, compared with $2.3 billion at the end of 2025. source
- General Dynamics repaid fixed-rate notes of $500 million in August 2026 and $500 million in June 2026 at maturity using cash on hand. source
- General Dynamics had no commercial paper outstanding on October 4, 2026, but retains the ability to access the commercial paper market. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +3.5% | General Dynamics ended the third quarter of 2026 with $4.4 billion in cash and equivalents, compared with $2.3 billion at the end of 2025. |
| liability | positive | realized | +1.7% | General Dynamics repaid fixed-rate notes of $500 million in August 2026 and $500 million in June 2026 at maturity using cash on hand. |
| cash | negative | realized | -1.7% | General Dynamics repaid fixed-rate notes of $500 million in August 2026 and $500 million in June 2026 at maturity using cash on hand. |