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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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May 22, 2015
09:57 EDTGDOn The Fly: Analyst Downgrade Summary
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09:21 EDTGDGeneral Dynamics downgraded to Market Perform at Cowen
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06:11 EDTGDGeneral Dynamics downgraded to Market Perform from Outperform at Cowen
May 20, 2015
10:01 EDTGDGeneral Dynamics NASSCO awarded $36.4M contract
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May 19, 2015
07:35 EDTGDQatar Excutive to acquire thirty aircrafts from General Dynamics subsidiary
Gulfstream Aerospace, a wholly owned subsidiary of General Dynamics, announced that Qatar Executive has agreed to purchase up to 30 Gulfstream aircraft as part of a Memorandum of Understanding originally announced in October of last year. Qatar will take delivery of its G650ER in the Q4.
07:01 EDTGDDucommun receives multiyear contracts from Gulfstream
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05:23 EDTGDViaSat selected by Gulfstream as sole source Ku-Band equipment supplier
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