General Dynamics' Backlog Surges to $220B on Major Defense Orders

General Dynamics reported $98.8 billion in new orders in the third quarter of 2026, driven by major submarine contracts, while revenue rose 12.9% year-on-year to $14.6 billion, the company announced on October 30.

The aerospace and defense company's total backlog reached $220.3 billion at the end of the quarter, with an additional $50.4 billion in estimated potential contract value, bringing its total estimated contract value to $270.7 billion.

Orders across its defense segments totaled $93.8 billion, driven by large contracts for Virginia- and Columbia-class submarines in its Marine Systems business, while the Aerospace segment secured $5 billion in orders.

The company's book-to-bill ratio, which measures orders received relative to revenue, reached 6.8 for the quarter, including 8.5 across its defense segments and 1.4 in Aerospace.

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