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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.
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August 20, 2014
17:21 EDTGDBAE Systems, General Dynamics, three others awarded $2.53B government contract
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August 14, 2014
10:01 EDTGDGD C4 Systems SATCOM Technologies receives contract from Lockheed
General Dynamics (GD) C4 Systems SATCOM Technologies received a contract from Lockheed Martin (LMT) to design and build the ground structures and integrate the mechanical systems for the U.S. Air Force Space Fence program. The new advanced ground-based radar system will enhance the way the U.S. detects and tracks more than 100K orbiting objects in space and increase the ability to prevent space-based collisions. The improved situational awareness will help protect space-based assets like the International Space Station from potential collisions that could severely damage, disable or destroy it. Construction of the Space Fence ground system will begin mid-2015 on the Kwajalein Atoll in the Republic of the Marshall Islands. The U.S. Air Force contract value awarded to Lockheed Martin is greater than $910M.

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