General Dynamics awarded $133.5M contract modification The Government of Canada has awarded a contract modification valued at $133.5M to General Dynamics Land Systems-Canada to upgrade an additional 66 LAV III vehicles. This award modifies a contract previously announced in October 2011 to upgrade 550 LAV III vehicles, valued at $1B.
General Dynamics guidance not as bad as many feared, says Wells Fargo After General Dynamics reported stronger than expected Q4 results but provided lower than expected 2016 EPS guidance, Wells Fargo thinks the guidance was nonetheless higher than many had feared. Wells explains that many on the Street had worried that the company's large-cabin business jet sales would be weak. Wells cut its price target on the shares to $158-$163 from $165-$170 but keeps an Outperform rating on the shares.