General Dynamics adjusting to 'new normal' across supply chains

By Nick Wilson / July 26, 2023 at 12:57 PM
General Dynamics is adjusting to a "new normal" for its supply chains, according to company executives, who said despite persistent challenges, its shipbuilding business experienced continued growth with record revenue during the second quarter of 2023. In a Wednesday earnings call dominated by discussion of the company’s non-military aerospace business, executives highlighted a largely positive quarter for their marine division driven by continued production of the Navy’s Columbia- and Virginia-class submarines and a $736 million contract award for construction of...

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