Slide 1: First-Quarter 2026 Highlights
First-Quarter 2026 Highlights April 29, 2026
Slide 2: Forward-Looking Statements; Non-GAAP Measures
Forward-Looking Statements; Non-GAAP Measures This presentation contains forward-looking statements (FLS), including statements about the company’s future operational and financial performance, which are based on management’s expectations, estimates, projections and assumptions. Words such as “expec
Slide 3: First-Quarter 2026 Financial Highlights
First-Quarter 2026 Financial Highlights $ In Millions, Except EPS First Quarter 2026 2025 1Q26 vs. 1Q25 Revenue $ 13,481 $ 12,223 10.3% Operating Earnings 1,420 1,268 12.0% Operating Margin 10.5% 10.4% 10 bps Net Earnings 1,125 994 13.2% EPS, Diluted 4.10 3.66 12.0% Total Backlog $ 130,840 $ 88,657
Slide 4: Aerospace – First-Quarter 2026 Highlights
Aerospace – First-Quarter 2026 Highlights Revenue Operating Earnings and Total Backlog and $ In Millions Operating Margin Orders $ In Millions $ In Billions $21.8 $22.3 15.0% $19.9 $20.6 $19.0 $3,279 14.3% $5.1 $3,026 $4.0 $4.1 $3.8 $493 $432 $2.4 1Q25 1Q26 1Q25 1Q26 1Q25 2Q25 3Q25 4Q25 1Q26 • Reven
Slide 5: Combat Systems – First-Quarter 2026 Highlights
Combat Systems – First-Quarter 2026 Highlights Revenue Operating Earnings and Total Backlog and $ In Millions Operating Margin Orders $ In Millions $ In Billions $27.2 $26.9 13.4% 13.6% $18.7 $2,176 $2,283 $16.9 $16.6 $10.9 $291 $310 $4.4 $2.0 $2.2 $2.2 1Q25 1Q26 1Q25 1Q26 1Q25 2Q25 3Q25 4Q25 1Q26 •
Slide 6: Marine Systems – First-Quarter 2026 Highlights
Marine Systems – First-Quarter 2026 Highlights Revenue Operating Earnings and Total Backlog and $ In Millions Operating Margin Orders $ In Millions $ In Billions $64.0 7.0% 7.3% $53.0 $53.6 $4,343 $52.3 $3,589 $316 $38.4 $18.8 $16.0 $250 $4.7 $3.5 $2.1 1Q25 1Q26 1Q25 1Q26 1Q25 2Q25 3Q25 4Q25 1Q26 •
Slide 7: Technologies – First-Quarter 2026 Highlights
Technologies – First-Quarter 2026 Highlights Revenue Operating Earnings and Total Backlog and $ In Millions Operating Margin Total Estimated Contract Value $ In Millions $ In Billions 9.6% 9.5% $49.3 $49.9 $50.0 $47.0 $46.2 $3,432 $3,576 $328 $339 $16.9 $16.7 $17.7 $14.4 $14.2 1Q25 1Q26 1Q25 1Q26 1Q
Slide 8: General Dynamics
GENERAL DYNAMICS