General Dynamics reports end Q2 backlog of $66.3B
General Dynamics' total backlog at the end of second-quarter 2018 was $66.3B. The estimated potential contract value, representing management's estimate of value in unfunded indefinite delivery, indefinite quantity contracts and unexercised options, was $32.7B. Total potential contract value, the sum of all backlog components, was $99B at the end of the quarter. Gulfstream unit orders were 21% higher than the year-ago quarter, with large-cabin orders accounting for approximately 75% of the demand. Total backlog for the defense businesses was up 7.7% from the end of first-quarter 2018, due to the CSRA acquisition and strong order activity across the segments. On an organic basis, Information Technology achieved a book-to-bill ratio greater than one-to-one, and the book-to-bill ratio in Mission Systems was one-to-one.