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February 1, 2013
10:01 EDTGDGeneral Dynamics awarded $41.6M conract modification by U.S. Navy
The U.S. Navy has awarded General Dynamics Electric Boat a $41.6M contract modification to perform routine maintenance and modernization work on the USS Hartford, a Los Angeles-class attack submarine. Electric Boat is a wholly owned subsidiary of General Dynamics. Under the terms of the contract, Electric Boat will perform a dry-docking selected restricted availability, which consists of maintenance work, upgrades and modernization activities required to ensure the submarine is operating at full technical capacity. The work will take place at the Electric Boat shipyard in Groton and involve up to 417 employees at its peak. It is scheduled for completion in July. The contract was initially awarded in April 2012 and has a potential value of $58.7M if all options are exercised.
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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