GD - General Dynamics Corporation (GD) TD Cowen 45th Annual Aerospace & Defense Conference (Transcript)
2024-02-13 15:23:02 ET
General Dynamics Corporation (GD)
TD Cowen 45th Annual Aerospace & Defense Conference
February 13, 2024 11:30 AM ET
Company Participants
Phebe Novakovic - CEO
Conference Call Participants
Cai von Rumohr - TD Cowen
Presentation
Cai von Rumohr
Okay. If everyone's here, take your seat. We're going to move on. We're delighted to have with us our next company is General Dynamics and delighted to have a Chairperson and CEO, Phebe Novakovic. This will be an interview. So there will be forward looking statements made or remarks made. And so think about Reg FD. You'll be aware of that. So maybe to start, Phebe, maybe you could kind of recap the key takeaways from 2023. I mean, it was a really good year, but things went a little bit differently than you thought when you started.
Phebe Novakovic
Well, different in a good way is always beneficial. I think the two things that sort of surprised us was the timing and the strength of defense revenue and the lack of a G700 certification. That said, we accomplished a lot last year and particularly in setting us up for additional revenue growth. And in that revenue growth, driving margin improvement that will bring with it additional earnings, which is always, you know, a very strong thing. Operating leverage is critical.
Question-and-Answer Session
Q - Cai von Rumohr
Great. So on the call you mentioned the temporary disruption from the Hamas attack out on Gulfstream orders in the fourth quarter, but maybe update us, you know, more broadly, what does that mean for Israel's ability to develop 280s and given the disruptions of their workforce and like, what does that mean for 280 deliveries potentially for this year? ...
General Dynamics Corporation (GD) TD Cowen 45th Annual Aerospace & Defense Conference (Transcript)