General Dynamics’ Cash Flow Surges 179% of Net Income—What’s Powering This Boom?

General Dynamics Corporation (GD) reported a strong financial performance for the third quarter of 2025, demonstrating significant growth across its various business segments. The aerospace and marine systems divisions were the primary contributors to this growth, showcasing substantial revenue increases and improved operating margins. The aerospace segment exhibited an impressive 30.3% year-over-year revenue growth, generating $3.2 billion, primarily driven by new aircraft deliveries and increased special mission volume. The segment’s operating earnings rose by a staggering 41%, underscoring robust demand, particularly for the G700 and the new G800 models. This demand was fueled by a resilient market for business aircraft, especially in North America, where orders rose significantly. In the marine systems segment, revenue grew by 13.8% to $4.1 billion, led by increased throughput in Columbia-class and Virginia-class ship construction. While the operating margin slightly decreased, the company anticipates improvements driven by ongoing initiatives in productivity and supply chain stabilization.