General Dynamics (NYSE: GD) reported Q3 EPS of $2.48, $0.10 better than the analyst estimate of $2.38. Revenue for the quarter came in at $7.73 billion versus the consensus estimate of $7.91 billion.

General Dynamics' total backlog at the end of third-quarter 2016 was $62 billion. There was solid demand in the quarter across the company's portfolio. The estimated potential contract value, representing management's estimate of value in unfunded indefinite delivery, indefinite quantity (IDIQ) contracts and unexercised options, was $25.2 billion. Total potential contract value, the sum of all backlog components, was $87.2 billion at the end of the quarter.

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