General Dynamics reported second-quarter revenue of $11.98 billion, up 18% year-over-year, surpassing consensus estimates. However, the company missed earnings per share (EPS) expectations, posting $3.26 per share against a range of higher estimates. Despite a rise in profit to $905 million and a significant increase in Gulfstream aircraft deliveries, shares fell by over 4% following the earnings report. The company noted increased demand in its defense segment due to geopolitical tensions. The backlog remains strong at $91.3 billion, with recent contracts from Canada and the U.S. Army worth up to $535 million. General Dynamics' stock has grown approximately 13.4% year-to-date, though it underperformed the S&P 500's gain of 16.5%.