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Stock Market & Financial Investment News

News Breaks
January 17, 2013
10:05 EDTGDGeneral Dynamics, Alenia Aermacchi to compete for T-X trainer program
General Dynamics and Alenia Aermacchi, a Finmeccanica company, announced the signing of a Letter of Intent to join forces and compete for the U.S. Air Force's T-X trainer program, which will replace aging T-38 trainer jets and related training systems. The agreement leverages General Dynamics' legacy of successfully integrating and delivering large, complex systems to the U.S. Air Force, Army, Navy and other government customers with Alenia Aermacchi's proven jet training aircraft and demonstrated manufacturing capability. General Dynamics C4 Systems, a business unit of General Dynamics, will serve as the prime contractor.
News For GD From The Last 14 Days
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February 23, 2015
10:21 EDTGDGeneral Dynamics awarded $415M contract by US Army
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February 19, 2015
07:46 EDTGDAustralia opens bids for $8B armored vehicle defense contract, WSJ says
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February 17, 2015
12:49 EDTGDSpirit AeroSystems likely to collect some funds from Gulfstream,says Wells Fargo
After Spirit AeroSystems (SPR) disclosed in a February 13 regulatory filing that it had settled its dispute with General Dynamics' (GD) Gulfstream unit with respect to amounts due on G650 deliveries from 2010 through Q3 2013, Wells Fargo expects Spirit to collect some of the $135M that it held n retainage in accounts receivable for Gulfstream underpayments as of the end of last year. The firm says it cannot estimate the amount that Spirit will collect. It keeps an Outperform rating on Spirit.
10:01 EDTGDGeneral Dynamics awarded $50M for Abrams tank production
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