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Stock Market & Financial Investment News

News Breaks
April 23, 2014
09:10 EDTGDGeneral Dynamics raises FY EPS $7.05-$7.10 from $6.80-$6.85
Consensus is $7.21. Anticipates lower quarterly performance in Q2, flat in Q3, with a strong Q4 finish. Says expect a "particularly robust" Q2 from a free cash flow perspective, driven in part by advanced payments on international orders. Says had a more funded backlog at the end of Q1 than it has had at any time in the last three years. Says looks forward to a strong Q2, particularly in marine systems. Says of to a "very good" start in Q2 in the aerospace group. Comments made on the Q1 earnings conference call.
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April 22, 2015
10:01 EDTGDGeneral Dynamics NASSCO awarded $23M for LCS sustainment
General Dynamics NASSCO has been awarded a $24.1M contract by the U.S. Navy for Littoral Combat Ships, or LCS, sustainment execution in support of LCS' home-ported in or visiting San Diego. General Dynamics NASSCO is a business unit of General Dynamics. Under the contract, General Dynamics NASSCO will plan, furnish material and provide support and facilities to maintain and modernize twelve LCS-class ships. This contract covers both variants, Freedom and Independence. These ships are fast, agile, focused-mission platforms designed for operation in near-shore environments and capable of open-ocean operation.

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