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Stock Market & Financial Investment News

News Breaks
April 2, 2013
11:31 EDTGDGeneral Dynamics unit awarded $40M contract modification
General Dynamics Land Systems has been awarded an additional $40M for the procurement and production of Saudi M1A2 (M1A2S) Abrams tanks for the Kingdom of Saudi Arabia. This modification is part of an existing contract to upgrade the Kingdom of Saudi Arabia's fleet of tanks. The Foreign Military Sales contract was awarded by the U.S. Army TACOM Life Cycle Management Command on behalf of the Royal Saudi Land Forces. This contract extends work started in 2008 to update M1A1 and M1A2 tanks to the M1A2S configuration for the Kingdom of Saudi Arabia. The M1A2S conversion increases the efficiency and capability of the tank. The work will be performed by current employees at the Joint Systems Manufacturing Center in Lima, Ohio, with an estimated completion date of July 31, 2014.
News For GD From The Last 14 Days
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October 1, 2014
07:56 EDTGDSyrian strikes sure to prompt calls to reconsider defense cuts, WSJ says
The expanded U.S. military campaign in the Middle East, including airstrikes in Syria, is expected to cost tens of billions of dollars in the short-term and is certain to put renewed pressure on the president and Congress to reconsider spending caps on the defense budget, according to The Wall Street Journal. Publicly traded companies in the Defense space include BAE Systems (BAESY), Boeing (BA), General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC), Raytheon (RTN) and United Technologies (UTX). Reference Link
September 30, 2014
11:46 EDTGDGeneral Dynamics unit awarded two contracts totaling $50M
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September 26, 2014
10:01 EDTGDGeneral Dynamics confirms $311M U.S. Navy contract for submarine support work
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September 25, 2014
17:27 EDTGDGeneral Dynamics awarded $310.77M government contract modification
General Dynamics Electric Boat is being awarded a $310.77M modification to previously awarded contract for additional design agent, planning yard, engineering and technical support for active nuclear submarines. The efforts provide for drawings and related technical data; design change documentation; logistics technical data; configuration management; hull, mechanical and electrical engineering; submarine safety design review; non-propulsion plant electrical system engineering; propulsion plant engineering; maintenance engineering; refit/availability technical support; on-site support; configuration change program design and installation support; configuration change program material support; submarine technical trade support; training and facility support; research, development, test and evaluation program support; research and development submarine/submersibles support; miscellaneous special studies; temporary alteration support; modernization of submarine/submersible systems/subsystems; and affordability/cost reduction technical support. Work is expected to be completed by September 2016.
September 23, 2014
08:38 EDTGDBofA/Merrill airlines/aerospace analysts hold analyst/industry conference call
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September 18, 2014
10:02 EDTGDGeneral Dynamics unit awarded $16M contract from U.S. Navy
General Dynamics Advanced Information Systems, a business unit of General Dynamics, was awarded a $16.2M contract by the U.S. Navy to produce Type-3 Advanced Mission Computers for the F/A-18 E/A-18G Super Hornet aircraft. Since 2002 General Dynamics has produced, tested and delivered the F/A-18 AMC, which serves as the nerve center of the Super Hornet and provides the Navy with situational awareness and combat systems control. This contract will be performed primarily at the General Dynamics facility in Bloomington, Minnesota. This contract will be completed by March 2016.

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