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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.
News For GD From The Last 14 Days
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December 16, 2014
08:31 EDTGDBabcock & Wilcox unit awarded contract to manufacture missile tubes
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December 11, 2014
10:01 EDTGDGeneral Dynamics NASSCO, Braemar LNG BV announce licensing agreement
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December 9, 2014
10:02 EDTGDGeneral Dynamics awarded $44M contract modification by U.S. Navy
The U.S. Navy has awarded General Dynamics Electric Boat a $44.5M contract modification to perform non-nuclear maintenance work for submarines homeported at the Naval Submarine Base in Groton. Electric Boat is a wholly owned subsidiary of General Dynamics. With this modification, Electric Boat will continue operating the New England Maintenance Manpower Initiative at the submarine base. Under the terms of the contract, Electric Boat will provide a wide range of overhaul, repair and modernization services in support of nuclear submarines, floating dry-docks, support and service craft and other platforms and equipment at the submarine base. About 270 Electric Boat employees are engaged in the work.This contract was first awarded in December 2012 and has a potential value of $222.3M over five years.

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