General Dynamics’ Q1 Revenue Soars, Led by Marine and Aerospace

The company’s shares rose more than 10 percent in early morning trading.

An aerial view of General Dynamics' NASSCO shipyard in San Diego, on March 20, 2020. M. Haffey/Getty Images

Military contractor General Dynamics on April 29 reported revenue of $13.5 billion for the first quarter of fiscal year 2026, a 10.3 percent year-over-year increase.

Revenue spiked in the first fiscal quarter, which ended April 5, due to growth in all four business segments, the Reston, Virginia-based defense and aerospace company said in its earnings statement.