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Stock Market & Financial Investment News

News Breaks
April 1, 2014
10:01 EDTGDGeneral Dynamics awarded $75M contract by U.S. Marine Corps Systems Command
The U.S. Marine Corps Systems Command in Quantico, Va., has awarded General Dynamics Land Systems Force Protection a contract valued at $74.7M for egress upgrade kits in support of the Mine Resistant, Ambush Protected program. The company will develop, design and produce 916 egress kits for the Cougar vehicles. The kits will include upgrades to the Cougar's front doors, rear doors, rear steps and exhaust system. General Dynamics will complete delivery of the kits by September 2015.
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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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