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General Dynamics' $131 Billion Backlog Is a Multi-Year Earnings Floor — Here's What the Market May Still Be Underpricing

General Dynamics ended the year with a backlog of $118 billion and an estimated potential contract value of $60.9 billion, representing management& 39;s estimate of additional value in unfunded indefinite delivery, indefinite quantity (IDIQ) contracts and unexercised options. ...