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GENERAL DYNAMICS 11011 Sunset Hills Road Reston , Virginia 20190 www.gd.com July 28 , 2021 General Dynamics Reports Second - Quarter 2021 Financial Results ● ● ● News Net earnings of $ 737 million , up 17.9 % from year - ago quarter Diluted EPS of $ 2.61 , up 19.7 % from year - ago quarter $ 1.1 billion in cash provided by operating activities Very strong Gulfstream order activity Contact : Jeff A. Davis Tel : 703 876 3483 press@generaldynamics.com RESTON , Va . - General Dynamics ( NYSE : GD ) today reported second - quarter 2021 net earnings of $ 737 million on revenue of $ 9.2 billion . Diluted earnings per share ( EPS ) were $ 2.61 . EPS grew 19.7 % on a 17.9 % increase in net earnings , as company - wide operating margin expanded to 10.4 % , up 140 basis points from the year - ago quarter . Backlog of $ 89.2 billion was up 8 % from the year ago quarter . " The company performed impressively this quarter , delivering very strong cash flow , improved margins and significant Aerospace order activity , " said Phebe N. Novakovic , chairman and chief executive officer . " Emerging from the pandemic , we remain focused on operating discipline and wise deployment of capital . " Cash Net cash provided by operating activities in the quarter totaled $ 1.1 billion . Free cash flow from operations , defined as net cash provided by operating activities , less capital expenditures , was $ 943 million .