General Dynamics Corporation (NYSE:GD) Q4 2023 Earnings Call Transcript

Peter Arment: Yeah, thanks. Good morning, Phebe and Jason. Hey, Phebe, maybe just to add and just speak on Marine, you’ve given us a lot of details on what some of the pressures were, but we’ve seen throughout the industry, the Defense Production Act has been used to kind of improve some capacity at rocket motors and munitions. Is there an opportunity? I know the Navy’s a really good partner and customer. Is there an opportunity for to get some relief and free up some additional resources for you at the yards?

Phebe Novakovic: So we have been pretty well resourced by the Navy and for many, many years in anticipation of particularly the Columbia and Block 5. So I think from our perspective where we really need some assistance and continued assistance from the Navy is stabilization of on-time delivery and quality coming out of the out of the supply chain. So I think that as we go through this year, I’m sure there’ll be additional opportunities for us to work with the Navy and find some ability to relieve those pain points that remain in the supply chain.

Peter Arment: Appreciate the color. Thanks, Phebe.

Phebe Novakovic: Hey, and listen, before we leave, I just wanted, this is for many of you may know, this is Jason’s last earnings call, and I wanted to thank him for his excellent years of service as a CFO. He will be missed, but his work will continue at Technologies. So I’m sure all of you will join me in congratulating Jason on a superb CFO job well done over the years.

Nicole Shelton: Okay. Well, thank you all for joining our call today. As a reminder, please refer to the General Dynamics website for the fourth quarter earnings release and highlights presentation. If you have any additional questions, I can be reached at 703-876-3152.

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