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News Breaks
February 3, 2014
10:01 EDTGDGeneral Dynamics awarded $73M for Abrams Tank production
The U.S. Army TACOM Lifecycle Management Command has awarded General Dynamics Land Systems $72.7M under an existing contract to upgrade 12 M1A1 Abrams tanks to the M1A2 Systems Enhancement Package, or SEP, V2 configuration. General Dynamics Land Systems is a business unit of General Dynamics. The most technologically advanced digital tank, the M1A2 SEP V2 includes improved color displays, day and night thermal sights, commander remote operated weapon station, a Thermal Management System and a tank-infantry phone. The M1A2 SEP V2 maximizes the fighting ability of the tank on today's battlefield while preparing the platform for tomorrow's challenges. The original multi-year contract was awarded in February 2008, which authorized the upgrade of 435 M1A1 tanks that have been in the Army's inventory for more than 20 years. General Dynamics is continuing the conversion of the tanks in the Army's active component to the M1A2 SEP V2 configuration. Production is expected to be completed by December 31, 2015.
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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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