Quick Read – GD topped Q1 estimates on 21% Marine Systems growth; LMT missed EPS consensus and burned $291M in free cash flow. – GD’s 192% cash conversion, four straight EPS beats, and $188B submarine-heavy backlog offer stronger downside protection than LMT’s fixed-price…
ogram exposure. – LMT’s $194B backlog and new Patriot and THAAD framework deals could still reward patient investors if recurring F-16 program charges stabilize. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Lockheed Martin didn’t make the cut. Grab the names FREE today
General Dynamics (NYSE:GD) and Lockheed Martin (NYSE:LMT) reported Q1 2026 results pulling the two defense giants in opposite directions. General Dynamics beat on submarines and Gulfstream jets. Lockheed leaned on a record backlog to explain a messy quarter marked by fresh program charges and a cash flow reversal.
Submarines Carry GD. Program Charges Weigh On Lockheed. General Dynamics posted EPS of $4.10 on revenue of $13.48 billion, with Marine Systems growing 21.0% and operating earnings there up 26.4%.