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News Breaks
March 17, 2014
10:01 EDTGDGeneral Dynamics awarded $129M for MLP 3 AFSB
The U.S. Navy has awarded General Dynamics NASSCO a $128.5M contract for the detail design and construction of the Mobile Landing Platform, or MLP, 3 Afloat Forward Staging Base, or AFSB. NASSCO is a business unit of General Dynamics. Under the terms of the contract, NASSCO will provide the detail design and construction efforts to convert the MLP 3 to an AFSB variant. The work will be performed at NASSCO's San Diego shipyard and scheduled to be completed by October 2015. The MLP AFSB is a flexible platform and a key element in the Navy's large-scale airborne mine countermeasure mission. The ship is designed to facilitate a wide variety of future mission sets in support of special operations. With accommodations for 250 personnel and a large helicopter flight deck, the MLP AFSB will provide a highly capable and affordable asset to the Navy and Marine Corps.
News For GD From The Last 14 Days
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October 30, 2014
15:01 EDTGDGeneral Dynamics subsidiary receives $84M award for Ohio replacement program
The U. S. Navy has awarded General Dynamics Electric Boat a $83.8M contract modification to continue development of the Common Missile Compartment for the Ohio replacement submarine and the United Kingdom's Successor ballistic-missile submarine. Electric Boat is a wholly owned subsidiary of General Dynamics.
October 29, 2014
08:57 EDTGDGeneral Dynamics price target raised to $164 from $138 at Sterne Agee
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October 27, 2014
16:23 EDTGDGeneral Dynamics Canada awarded multi-million dollar contract by Peruvian Navy
General Dynamics Canada has been awarded a multi-million dollar contract to upgrade four SH-2G Super Seasprite helicopters with an integrated mission system to enhance the operational capability of the Peruvian Navy and its ability to meet the demands of modern maritime missions. The contract, facilitated by the Canadian Commercial Corporation, or CCC, the Government of Canada's international government-to-government contracting organization, includes the acquisition of five helicopters by Peru. Four are for remanufacture and upgrade by General Dynamics Canada and the fifth one will be overhauled prior to delivery directly to Peru. The contract was awarded as a result of a Memorandum of Understanding between the Government of Peru, through the Peruvian Ministry of National Defense, and the Government of Canada, through CCC.
October 24, 2014
14:01 EDTGDGeneral Dynamics awarded CDN$122M contract
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October 23, 2014
11:11 EDTGDGeneral Dynamics unit receives $18.9M contract from U.S. Navy
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10:01 EDTGDGeneral Dynamics receives DMCC contract from NSA
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October 22, 2014
09:14 EDTGDGeneral Dynamics: Aerospace to enjoystrong order intake in Q4
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09:14 EDTGDGeneral Dynamics raises FY14 EPS cont ops to 7.60-$7.70 from $7.40-$7.45
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07:07 EDTGDGeneral Dynamics reports end Q3 backlog $74.4B
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07:06 EDTGDGeneral Dynamics reports Q3 EPS $2.06, consensus $1.91
Reports Q3 revenue $7.75B, consensus $7.58B. Company-wide operating margins for Q3 were 12.9%, 50 basis points higher than third-quarter 2013 margins.
October 21, 2014
15:35 EDTGDNotable companies reporting before tomorrow's open
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October 17, 2014
16:56 EDTGDLongview Asset reports 9.97% stake in General Dynamics
October 16, 2014
14:58 EDTGDArmy poised to order more Stryker vehicles, Defense News says
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14:55 EDTGDTeledyne awarded major marine defense electronics contract from General Dynamics
Teledyne Technologies (TDY) announced that its Teledyne Oil & Gas group has been awarded a contract by General Dynamics Electric Boat of Groton, (GD) for materials and engineering support covering electrical and fiber optic interconnect assembly hardware primarily from Teledyne’s DGO business unit based in Portsmouth, New Hampshire. This contract represents the largest single award in the fifty-plus-year history of Teledyne DGO and directly supports the U.S. Navy’s Virginia-class submarine program. The contract is a multi-year award, covering a total of ten ship-sets, with manufacturing to commence in 2015.

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