General Dynamics rises after posting strong Q2 results

Shares of General Dynamics GD.N rise 2.9% to $306.25 premarket

Co posts Q2 EPS of $3.74/shr, above analysts' estimates of $3.53/shr - LSEG

Q2 revenue of $13.04 bln beats estimates of $12.34 bln

Operating margin improves 30 bps to 10% compared to same quarter last year

"Our strong cash flow and healthy backlog position us well to have a good second half" - CEO

Total estimated contract value, the sum of all backlog components, was $161.2 billion - GD

Co delivers 38 aircraft in Q2, compared to 37 last year
GD holds a trailing 12-month PE ratio of 20.66 vs industry median of 19.81

YTD, stock has risen 12.9% vs a 7.3% rise in the benchmark S&P 500 index .SPX