General Dynamics: Pentagon approves new billion-dollar deal for submarines. The strong Q2 increases order backlog to $136.5 billion

General Dynamics shines in the second quarter of 2026 with robust growth across all business areas and secures lucrative submarine deals. The EPS climbed to $4.24 (+13.4%) and surpassed the consensus of $3.98. The order backlog swelled to a remarkable $136.5 billion (+31.7%). The Pentagon's green light for the construction of nine additional Virginia-class submarines solidifies long-term revenue prospects with a projected contract volume at the level of the $22.5 billion predecessor order.   Revenue climbs to $14.1 billion (+8.1%)...