General Dynamics: Falling Army budgets will hit combat vehicle revenue

By Ethan Sterenfeld / January 26, 2022 at 2:30 PM
Pressure on the Army budget will probably reduce combat vehicle revenue at General Dynamics in the coming years, the company's chief executive said today. “We believe that combat volume will soften somewhat in the increasingly constrained budget environment faced by the U.S. Army,” Phebe Novakovic said on the company’s quarterly earnings call. The sharpest cuts could come on the maintenance and sustainment side of the combat vehicle business, she said. “While we expect that ultimately the funding levels for our...

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