General Dynamics (NYSE: GD) reported Q2 EPS of $2.70, $0.14 better than the analyst estimate of $2.56. Revenue for the quarter came in at $10.2 billion versus the consensus estimate of $9.46 billion.

"Our businesses demonstrated solid momentum despite continued supply chain headwinds in several units, achieving the highest-ever revenue for a mid-year quarter, record-high backlog and very strong cash flow," said Phebe N. Novakovic, chairman and chief executive officer. "We are well positioned to continue to perform for the remainder of the year."

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