GD: Russia-sparked demand boost has become reality

By Evan Ochsner / October 26, 2022 at 12:05 PM
General Dynamics executives on Wednesday suggested that demand increases sparked by Russia’s invasion of Ukraine have grown more concrete during the previous quarter, as eastern European countries seek to bolster inventories of ground vehicles, munitions and bridge systems. Company officials have for months been saying they expected the war in Ukraine to lift revenues, but during an earnings call Wednesday CEO Phebe Novakovic suggested that those theoretical increases in demand had become real. “We saw a number of things in...

Not a subscriber? Sign up for 30 days free access to exclusive, behind-the-scenes reporting on defense policy and procurement.

Log in to access this content.