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News Breaks
February 25, 2014
10:01 EDTGDGeneral Dynamics awarded $138M contract by U.S. Army Medical Command
General Dynamics Information Technology, a business unit of General Dynamics, has been awarded a contract by the U.S. Army Medical Command to provide the Defense and Veterans Brain Injury Center with clinical site support services. The five-year contract has a potential value of $138M if all options are exercised. Under this contract, General Dynamics will provide traumatic brain injury specialists, healthcare providers and care coordinators at 15 U.S. Departments of Defense and Veterans Affairs medical treatment facilities located throughout the United States. The company will also conduct epidemiological studies, tracking those treated at DVBIC facilities and measuring the impact of clinical interventions and provided education on long term health and occupational outcomes. The company anticipates hiring 185 employees to support this program.
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April 10, 2015
06:22 EDTGDDoD enacts stricter rules on research spending by contractors, WSJ says
The Department of Defense is enacting stricter rules on how defense companies can spent $4B of the department's research budget, following a report that explained that much of the budget was used to increase contractors' bids or to develop their own proprietary technology, reports the Wall Street Journal. Publicly traded companies in the space include BAE Systems (BAESY), Boeing (BA), General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC), Raytheon (RTN) and United Technologies (UTX).

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