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January 10, 2014
10:01 EDTGDGeneral Dynamics unit awarded $15M contract modification
The U.S Navy has awarded General Dynamics Electric Boat a $15M contract modification to continue development of the Common Missile Compartment for the Ohio replacement submarine and the United Kingdom's Successor ballistic-missile submarine. Electric Boat is a wholly owned subsidiary of General Dynamics. Electric Boat will procure long-lead-time material for the Common Missile Compartment's integrated missile-tube and hull. Initially awarded in December 2012, the five-year, $1.85B contract calls for Electric Boat to perform research and development work for the Navy's next-generation ballistic-missile submarine, which is scheduled to begin construction in 2021. The potential value of the overall contract is $2.3B. This work will engage Electric Boat's engineering and design organization, which comprises more than 4,000 employees. Possessing proven technical capabilities, these employees work on all facets of the submarine lifecycle from concept formulation and design through construction, maintenance and modernization, and eventually to inactivation and disposal.
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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