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Stock Market & Financial Investment News

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January 16, 2013
10:02 EDTGDGeneral Dynamics awarded $51.7M for maintenance work on USS Mississippi
General Dynamics Electric Boat has been awarded a $51.7M million contract modification by the U.S. Navy to plan and perform the post-shakedown availability, or PSA, on the nuclear submarine USS Mississippi; SSN-782. Electric Boat is a wholly owned subsidiary of General Dynamics. The PSA includes maintenance, repairs, alterations and testing. It will be performed at Electric Boat's Groton shipyard. Up to 400 employees will be engaged in the work, which is scheduled for completion by December. Initially awarded in April 2012, the contract has a total potential value of $67M.
News For GD From The Last 14 Days
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February 9, 2016
15:05 EDTGDGeneral Dynamics says awarded $24M Navy submarine contract modification
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February 2, 2016
15:05 EDTGDNavy extends General Dynamics' fire control work for U.S.,UK SSBN submarines
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05:59 EDTGDGeneral Dynamics added to US 1 List at BofA/Merrill
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January 28, 2016
07:19 EDTGDGeneral 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.

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