General Dynamics (NYSE: GD) reported Q1 EPS of $2.56, $0.14 better than the analyst estimate of $2.42. Revenue for the quarter came in at $9.3 billion versus the consensus estimate of $8.84 billion.

• Revenue of $9.3 billion, up 22.9 percent year-over-year
• All segments produce year-over-year revenue growth
• Orders exceed $10.7 billion, with consolidated book-to-bill of 1.2 to 1.0
• Aerospace orders surpass $3.1 billion

"The solid sales gains and strong bookings reflect the market-leading performance we expect of our operating units," said Phebe Novakovic, chairman and chief executive officer. "We are pleased with our robust backlog and remain relentlessly focused on improving operating performance."

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