General Dynamics Corporation (NYSE:GD) Q2 2023 Earnings Call Transcript

Jason Aiken: Actually, George, we did receive additional payments on schedule as per the plan that was set forth several years ago. And I’m actually happy to tell you that at this point — and maybe this terminates this line of dialogue for the foreseeable future. The arrears that you all may remember from many years ago on that Canadian international program has now effectively been paid down, and we are down to what I would call a normal run rate of operating working capital on that program. So I’m pleased to report that we’ve passed through that phase. In terms of what we expect to receive for the balance of the year, there are some more progress payments to come in, but I don’t have that quantified off the top of my head.

George Shapiro: Something you had kind of given what the specifics were on that in the Q.

Howard Rubel: We’ll follow up on that.

Jason Aiken: Yes.

Howard Rubel: Operator, that now ends the call. And for those that are interested in connecting later, we’ll have follow-up questions. Please don’t hesitate to call me. Thank you for joining our call today. As a reminder, please refer to the General Dynamics website for the second quarter earnings release and highlights presentation. And as I said, if you have any additional questions, I can be reached at 703-876-3117. Thank you.

Operator: This concludes today’s conference call. Thank you for your participation. You may now disconnect.