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March 5, 2014
10:01 EDTGDGeneral Dynamics awarded $36M for submarine work
General Dynamics Electric Boat has been awarded two contract modifications from the U.S. Navy worth a total value of $35.8M. Electric Boat is a wholly owned subsidiary of General Dynamics. Under the first contract, valued at $19.8M, Electric Boat will perform advanced submarine research and development studies in support of a wide range of technology areas including manufacturability, maintainability, survivability, hydrodynamics, acoustics and materials. The company will also conduct research and development work in manning, hull integrity, performance, ship control, logistics, weapons handling and safety. The contract supports near-term Virginia-class technology insertion, future submarine concepts and core technologies. Initially awarded in November 2010, the contract has a potential value of $710.6M over five years. For the second contract, valued at $16M, Electric Boat will continue development of the Common Missile Compartment for the U.S. Ohio replacement submarine. The company will procure missile tube long-lead-time material and design and manufacture hardware. Initially awarded in December 2012, the five-year, $1.85B contract calls for Electric Boat to perform research and development work for the Navy's next-generation ballistic-missile submarine, which is scheduled to begin construction in 2021. The potential value of the overall contract is $2.3B.
News For GD From The Last 14 Days
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April 1, 2015
10:02 EDTGDGeneral Dynamics Bath Iron works awarded $610M contract modification by US Navy
The U.S. Navy has awarded funding for the construction of DDG 122, the Fiscal Year 2015 Arleigh Burke-class destroyer under contract at General Dynamics Bath Iron Works. This $610.4M contract modification fully funds this ship which was awarded in 2013 as part of a multi-ship competition for DDG 51 class destroyers. The total value of the five-ship contract is approximately $3.4 billion. General Dynamics Bath Iron Works is a business unit of General Dynamics.
March 25, 2015
10:00 EDTGDOn The Fly: Analyst Upgrade Summary
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08:08 EDTGDGeneral Dynamics upgraded at RBC Capital
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06:19 EDTGDGeneral Dynamics upgraded to Outperform from Sector Perform at RBC Capital
March 23, 2015
08:13 EDTGDBofA/Merrill airlines/aerospace analysts hold analyst/industry conference call
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