General Dynamics Bath Iron Works awarded $21.4M contract The U.S. Coast Guard has awarded General Dynamics Bath Iron Works a $21.4M contract for the Offshore Patrol Cutter program. Bath Iron Works is one of three shipyards chosen from a field of eight competitors to proceed to Phase I design work on this next-generation cutter program. At the end of the 18-month Phase I period, the Coast Guard will select one team to develop Phase II detail design and build the first nine to 11 ships of a planned 25-ship class.
General 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.