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General Dynamics Points to Double-Digit Growth in Ammunition and Missile Components, Driven by Artillery and Allied Demand

Novakovic outlined the outlook during General Dynamics’ second-quarter 2026 earnings call. Combat Systems posted a book-to-bill ratio of 2.1 in the quarter, with management pointing to international vehicles and munitions as major sources of demand. “Demand for Combat Systems products is strong, primarily driven by US allies,” Novakovic said. She added that Ordnance and Tactical Systems, or OTS, continued to record particularly strong growth in …

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The Diplomat broke the news in Arlington, United States on Thursday, August 6, 2026.
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