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Stock Market & Financial Investment News

News Breaks
March 26, 2013
10:01 EDTGDGeneral Dynamics awarded $26M for MK46 Naval Weapon Systems
General Dynamics Land Systems, a business unit of General Dynamics, has been awarded a $25.7M contract to produce eight MK46 30mm Naval Weapon Systems for the U.S. Navy for use on San Antonio-class ships and the Littoral Combat Ship class. Work will be performed by the existing workforce at General Dynamics Land Systems facilities in Woodbridge, Va.; Tallahassee, Fla.; Lima, Ohio; Westminster, Md.; Sterling Heights, Mich.; and Scranton, Pa. Deliveries are scheduled to begin in September 2014.
News For GD From The Last 14 Days
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June 29, 2015
07:22 EDTGDBWX Technologies would be M&A fit for Huntington Ingalls, says Deutsche Bank
Deutsche Bank noted that the planned spin-off of BWX Technologies (BWXT) from Babcock & Wilcox (BWC) is scheduled to be completed this week on July 1, stating that it believes the spun off company is likely to attract the attention of strategic players such as Huntington Ingalls (HII) and General Dynamics (GD). The firm thinks the potential M&A fit looks "most striking" for Huntington and estimates that a deal multiple could reach 10-11X the about $300M in EBITDA at BWX Technologies, which would likely be "worth the stretch" for the shipbuilder.
June 26, 2015
07:26 EDTGDSRA International exploring sale or IPO, Reuters reports
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June 24, 2015
10:00 EDTGDGeneral Dynamics receives $219M order for US Army's WIN-T increment 2 systems
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