Headline: Surge in Demand for Military Ammunition and Products Boosts General Dynamics' Revenues
General Dynamics reported over a 10% increase in third-quarter revenue, driven by the strength of its defense units amid sustained demand for military munitions and vehicles. The company announced its revenue for the third quarter rose to approximately $11.67 billion, up from $10.57 billion in the same period last year. Ongoing conflicts in Ukraine and the Middle East, along with U.S. efforts to replenish its inventory, are boosting global demand for weapons and other military equipment. The company's aerospace segment saw total deliveries rise to 24 jets, including four G700s, up from 22 a year ago.