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News Breaks
January 15, 2014
10:01 EDTGDGeneral Dynamics awarded $15M for support services at Groton Submarine Base
The U.S. Navy has awarded General Dynamics Electric Boat a $15M contract modification to perform non-nuclear maintenance work for submarines homeported at the Naval Submarine Base in Groton. Electric Boat is a wholly owned subsidiary of General Dynamics. With this modification, Electric Boat will continue operating the New England Maintenance Manpower Initiative at the submarine base. Under the terms of the contract, Electric Boat will provide a wide range of overhaul, repair and modernization services in support of nuclear submarines, floating dry-docks, support and service craft and other platforms and equipment at the submarine base. About 270 Electric Boat employees are engaged in the work. This contract was first awarded in December 2012 and has a potential value of $222.3M over five years.
News For GD From The Last 14 Days
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October 29, 2014
08:57 EDTGDGeneral Dynamics price target raised to $164 from $138 at Sterne Agee
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October 27, 2014
16:23 EDTGDGeneral Dynamics Canada awarded multi-million dollar contract by Peruvian Navy
General Dynamics Canada has been awarded a multi-million dollar contract to upgrade four SH-2G Super Seasprite helicopters with an integrated mission system to enhance the operational capability of the Peruvian Navy and its ability to meet the demands of modern maritime missions. The contract, facilitated by the Canadian Commercial Corporation, or CCC, the Government of Canada's international government-to-government contracting organization, includes the acquisition of five helicopters by Peru. Four are for remanufacture and upgrade by General Dynamics Canada and the fifth one will be overhauled prior to delivery directly to Peru. The contract was awarded as a result of a Memorandum of Understanding between the Government of Peru, through the Peruvian Ministry of National Defense, and the Government of Canada, through CCC.
October 24, 2014
14:01 EDTGDGeneral Dynamics awarded CDN$122M contract
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October 23, 2014
11:11 EDTGDGeneral Dynamics unit receives $18.9M contract from U.S. Navy
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10:01 EDTGDGeneral Dynamics receives DMCC contract from NSA
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October 22, 2014
09:14 EDTGDGeneral Dynamics: Aerospace to enjoystrong order intake in Q4
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09:14 EDTGDGeneral Dynamics raises FY14 EPS cont ops to 7.60-$7.70 from $7.40-$7.45
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07:07 EDTGDGeneral Dynamics reports end Q3 backlog $74.4B
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07:06 EDTGDGeneral Dynamics reports Q3 EPS $2.06, consensus $1.91
Reports Q3 revenue $7.75B, consensus $7.58B. Company-wide operating margins for Q3 were 12.9%, 50 basis points higher than third-quarter 2013 margins.
October 21, 2014
15:35 EDTGDNotable companies reporting before tomorrow's open
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October 17, 2014
16:56 EDTGDLongview Asset reports 9.97% stake in General Dynamics
October 16, 2014
14:58 EDTGDArmy poised to order more Stryker vehicles, Defense News says
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14:55 EDTGDTeledyne awarded major marine defense electronics contract from General Dynamics
Teledyne Technologies (TDY) announced that its Teledyne Oil & Gas group has been awarded a contract by General Dynamics Electric Boat of Groton, (GD) for materials and engineering support covering electrical and fiber optic interconnect assembly hardware primarily from Teledyne’s DGO business unit based in Portsmouth, New Hampshire. This contract represents the largest single award in the fifty-plus-year history of Teledyne DGO and directly supports the U.S. Navy’s Virginia-class submarine program. The contract is a multi-year award, covering a total of ten ship-sets, with manufacturing to commence in 2015.

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