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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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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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