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Stock Market & Financial Investment News

News Breaks
December 18, 2012
12:01 EDTGDGeneral Dynamics unit awarded $47.7M U.S. Navy contract modification
The U.S. Navy has awarded General Dynamics Electric Boat a $47.7M contract modification to perform routine maintenance and modernization work on the USS Toledo. Electric Boat is a wholly owned subsidiary of General Dynamics (GD). The work is scheduled for completion in September 2013. The contract was initially award in May 2012 and has a potential value of $65M if all options are exercised.
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August 20, 2014
17:21 EDTGDBAE Systems, General Dynamics, three others awarded $2.53B government contract
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August 14, 2014
10:01 EDTGDGD C4 Systems SATCOM Technologies receives contract from Lockheed
General Dynamics (GD) C4 Systems SATCOM Technologies received a contract from Lockheed Martin (LMT) to design and build the ground structures and integrate the mechanical systems for the U.S. Air Force Space Fence program. The new advanced ground-based radar system will enhance the way the U.S. detects and tracks more than 100K orbiting objects in space and increase the ability to prevent space-based collisions. The improved situational awareness will help protect space-based assets like the International Space Station from potential collisions that could severely damage, disable or destroy it. Construction of the Space Fence ground system will begin mid-2015 on the Kwajalein Atoll in the Republic of the Marshall Islands. The U.S. Air Force contract value awarded to Lockheed Martin is greater than $910M.

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