General Dynamics Corp on Wednesday reported a 5.2% rise in quarterly revenue, boosted by strong demand for munitions amid geopolitical instability caused by Russia's full scale invasion of Ukraine.

U.S. defense contractors have benefited as the war in Ukraine and tense U.S.-China relations have fueled demand for weapons such as tanks, submarines and munitions.

Orders at General Dynamics’ Combat Systems business unit which makes tanks and munitions were at their highest level in eight years. The war in Ukraine has caused many militaries to increase their focus on the depth of their munitions stockpile.