General Dynamics names Danny Deep CEO and General Dynamics stock costs EUR 295.95

Published on 10/12/2026 at 11:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Danny Deep takes over January 1, 2027 after 25 years at General Dynamics. General Dynamics stock costs EUR 295.95 on October 12, 2026.

Key points in brief

General Dynamics elected Danny Deep as CEO effective January 1, 2027, with Phebe Novakovic moving to executive chairman.
Second-quarter 2026 revenue reached USD 14.09 billion, up 8.10 percent year over year, while earnings per share beat consensus.
General Dynamics stock was trading at EUR 295.95 at Lang & Schwarz on October 12, 2026 at 11:10 a.m. CEST.
The company plans to webcast third-quarter 2026 results on October 30, 2026.

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General Dynamics (ISIN US3695501086) was trading at EUR 295.95 at Lang & Schwarz on October 12, 2026 at 11:10 a.m. CEST. On October 7, 2026, the board elected president Danny Deep as CEO effective January 1, 2027, while Phebe Novakovic will become executive chairman, according to General Dynamics. The transition puts a 25-year company veteran at the top of the aerospace and defense group.

Quarterly growth sets the backdrop

General Dynamics generated USD 14.09 billion in revenue in the second quarter of 2026, up 8.10 percent from the year-ago quarter. Zacks reported that earnings per share reached USD 4.24, above the USD 3.95 consensus estimate, while revenue exceeded the USD 13.49 billion consensus mark by 4.50 percent.

The operating picture was broad based. Aerospace revenue increased 15.10 percent year over year to USD 3.53 billion, while Marine Systems revenue rose 10.40 percent to USD 4.66 billion in the second quarter, according to Zacks. General Dynamics also ended the quarter with a USD 136.50 billion backlog, giving the incoming CEO a substantial order base as the leadership change approaches.

What changes with the CEO transition?

Deep has worked at General Dynamics for 25 years and previously led Global Operations, Combat Systems and Land Systems. Reuters noted that Novakovic has served as CEO since 2013 and will remain involved as executive chairman. The internal succession limits an immediate strategic break, while the USD 14.09 billion quarterly revenue base gives investors a measurable starting point for Deep's tenure.

Targets and dates investors can measure

Analyst expectations have become more cautious ahead of the next results. On October 9, 2026, TD Cowen cut its price target from USD 420 to USD 380 and retained a Buy rating, as reported by Markets Insider. The target revision contrasts with the second-quarter revenue growth of 8.10 percent and puts execution under the new leadership in sharper view.

Three dated milestones

On July 5, 2026, General Dynamics reported second-quarter revenue of USD 14.09 billion and earnings per share of USD 4.24, according to Zacks. On October 7, 2026, the board selected Deep as CEO effective January 1, 2027, according to General Dynamics. On October 9, 2026, the company announced that its third-quarter results call would begin at 9:00 a.m. EDT on October 30, 2026, according to StockTitan.

Next dates on the calendar

The next results webcast is scheduled for October 30, 2026 at 9:00 a.m. EDT, according to StockTitan. The company is also set to pay a USD 1.59 per-share dividend on November 13, 2026 to shareholders of record on October 9, 2026, according to MarketBeat.

General Dynamics stock stays measurable

General Dynamics was trading at EUR 295.95 at Lang & Schwarz on October 12, 2026 at 11:10 a.m. CEST. The price gives the market a clear reference point before the October 30 results call and the January 1, 2027 leadership change. The further course of trading is shown by the continuously updated real-time quote of General Dynamics stock.