Courtney says EB not to blame for slowdown in submarine production [Yahoo! Finance]
General Dynamics Corporation (GD)
Last general dynamics corporation earnings: 4/29 07:00 am
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Source: Yahoo! Finance
Courtney's assessment came a day after General Dynamics' chairman and chief executive officer, Phebe Novakovic, said EB's work on Virginia- and Columbia-class submarines would be scaled back due to delays in the delivery of construction components, according to a U.S. Naval Institute News report. EB, which has facilities in Groton and Quonset Point, R.I., is a division of Reston, Va.-based General Dynamics. "EB continues to be severely impacted by late deliveries from major component suppliers, which has delayed schedules and is continuing to impact costs," Novakovic said Wednesday during General Dynamics' third-quarter earnings call with investors, USNI News reported. "There is no point hurrying portions of the boat only to have to stop and wait increasingly extended periods of time for major components to arrive. ... Given the recent projections from the supply chain on deliveries, we need to get our cadence in sync with the supply chain and take costs out of the business if we
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GD
Earnings
- 1/29/25 - Beat
GD
Sec Filings
- 2/10/25 - Form 144
- 2/10/25 - Form SCHEDULE
- 2/7/25 - Form 10-K
- GD's page on the SEC website