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GENERAL DYNAMICS 11011 Sunset Hills Road Reston , Virginia 20190 www.gd.com October 27 , 2021 General Dynamics Reports Third - Quarter 2021 Financial Results ● News Net earnings of $ 860 million on revenue of $ 9.6 billion Diluted EPS of $ 3.07 , up 5.9 % from year - ago quarter $ 1.5 billion in cash provided by operating activities Significant Gulfstream order activity continues Contact : Jeff A. Davis Tel : 703 876 3483 press@generaldynamics.com RESTON , Va . - General Dynamics ( NYSE : GD ) today reported third - quarter 2021 net earnings of $ 860 million on revenue of $ 9.6 billion . Diluted earnings per share ( EPS ) were $ 3.07 . EPS grew 5.9 % from the year - ago quarter and 17.6 % sequentially as company - wide operating margin expanded to 11.3 % , up 90 basis points from the previous quarter . Margins were up sequentially in all four segments . " The company delivered solid third - quarter results , generating very strong cash flow and attractive margins , " said Phebe N. Novakovic , chairman and chief executive officer . " We continue to focus on delivering solid program performance and ensuring the well - being of our people , who are rising above the challenges of the pandemic to support our customers . " Cash Net cash provided by operating activities in the quarter totaled $ 1.5 billion . Free cash flow from operations was $ 1.3 billion . Backlog Backlog at the end of the quarter was $ 88.1 billion , up 8.1 % from the year - ago quarter . Estimated potential contract value , representing management's estimate of value in unfunded indefinite delivery ,