Slide 1: Second-Quarter 2026 Highlights and Outlook Update
Second-Quarter 2026 Highlights and Outlook Update July 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: Second-Quarter 2026 Financial Highlights
Second-Quarter 2026 Financial Highlights $ In Millions, Except EPS Second Quarter 2026 2025 2Q26 vs. 2Q25 Revenue $ 14,094 $ 13,041 8.1% Operating Earnings 1,460 1,305 11.9% Operating Margin 10.4% 10.0% 40 bps Net Earnings 1,160 1,014 14.4% EPS, Diluted 4.24 3.74 13.4% Total Backlog $ 136,498 $ 103,
Slide 4: First-Half 2026 Financial Highlights
First-Half 2026 Financial Highlights $ In Millions, Except EPS First Half 2026 2025 1H26 vs. 1H25 Revenue $ 27,575 $ 25,264 9.1% Operating Earnings 2,880 2,573 11.9% Operating Margin 10.4% 10.2% 20 bps Net Earnings 2,285 2,008 13.8% EPS, Diluted 8.35 7.40 12.8% Total Backlog $ 136,498 $ 103,682 31.7
Slide 5: Aerospace – Second-Quarter 2026 Highlights
Aerospace – Second-Quarter 2026 Highlights Revenue Operating Earnings and Total Backlog and $ In Millions Operating Margin Orders $ In Millions $ In Billions $24.0 14.5% $21.8 $22.3 $20.6 $19.9 $3,525 13.2% $3,062 $5.1 $5.3 $510 $4.0 $4.1 $3.8 $403 2Q25 2Q26 2Q25 2Q26 2Q25 3Q25 4Q25 1Q26 2Q26 • Deli
Slide 6: Combat Systems – Second-Quarter 2026 Highlights
Combat Systems – Second-Quarter 2026 Highlights Revenue Operating Earnings and Total Backlog and $ In Millions Operating Margin Orders $ In Millions $ In Billions $29.4 14.2% 13.9% $27.2 $26.9 $18.7 $2,283 $2,290 $10.9 $16.6 $324 $318 $4.4 $4.9 $2.2 $2.2 2Q25 2Q26 2Q25 2Q26 2Q25 3Q25 4Q25 1Q26 2Q26
Slide 7: Marine Systems – Second-Quarter 2026 Highlights
Marine Systems – Second-Quarter 2026 Highlights Revenue Operating Earnings and Total Backlog and $ In Millions Operating Margin Orders $ In Millions $ In Billions $64.0 $65.2 7.3% $4,660 6.9% $53.0 $53.6 $52.3 $4,220 $342 $18.8 $291 $16.0 $4.7 $5.9 $3.5 2Q25 2Q26 2Q25 2Q26 2Q25 3Q25 4Q25 1Q26 2Q26 •
Slide 8: Technologies – Second-Quarter 2026 Highlights
Technologies – Second-Quarter 2026 Highlights Revenue Operating Earnings and Total Backlog and $ In Millions Operating Margin Total Estimated Contract Value $ In Millions $ In Billions 9.6% 9.4% $49.3 $49.9 $50.0 $48.9 $46.2 $3,476 $3,619 $339 $17.7 $18.0 $332 $16.9 $16.7 $14.2 2Q25 2Q26 2Q25 2Q26 2
Slide 9: 2026 Financial Guidance Comparisons
2026 Financial Guidance Comparisons 2025 Actual January 2026 Guidance* July 2026 Guidance EPS, diluted 15.45 $16.10 – 16.20 $16.80 – 16.90 Revenue Operating Revenue Operating Revenue Operating ($B) Margin ($B) Margin ($B) Margin $13.1 13.3% ≈ $13.6 ≈ 14.0% ≈ $13.8 ≈ 14.7% Aerospace 158 deliveries ≈
Slide 10: General Dynamics
GENERAL DYNAMICS