General Dynamics gets unexpected War Department win ahead of earnings
By Mwangi Enos
Published on April 28, 2026.
General Dynamics (GD) has received a significant win from the U.S. Army for stopping work on a $591 million artillery shell factory in Texas, eight months after it was ordered to halt work due to technical issues at the site. The Army lifted the work stoppage order and is now working with General Dynamics on the way forward for the facility. The timing of this change is significant as General Dynamics reports first-quarter 2026 earnings on April 29. The company ended full-year 2025 with $118 billion in backlog, with a book-to-bill ratio of 1.5 times for the year and 1.6 times for Q425 alone. Despite this setback, General Dynamics remains on track for future growth and positioning itself across every major line of accelerating defense spending.
Related Articles
Treasury yields flat as Fed leaves rates unchanged; oil touches $126 overnight
US Treasury yields were flat as investors digested the Fed's interest rate decision, while oil hit a 4-year high amid concerns over Iran's nuclear ambitions.
Anthropic eyes a $900b valuation in a potential $50b round
Anthropic is considering a $50 billion funding round to double its pre-IPO valuation, aiming to surpass OpenAI's $852 billion mark and become the world's most valuable private AI company.
When to expect your Social Security payment for May. See schedule.
In May, Social Security benefits typically go out on Wednesdays, with recipients born between the 11 and 20th, and SSI on the same day for 2026.