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Stock Market & Financial Investment News

News Breaks
April 23, 2014
09:38 EDTGDGeneral Dynamics sees FY effective tax rate 30.5%-31%
Says expect cash contributions to its pension plans in 2014 to be around $550M, with the bulk in 2H, specifically in Q3. Says the current activities in the Ukraine and Russia have not affected its operations. Sees FY14 aerospace in the 17% margin range. Says strong backlog is "harbinger" of strong sales performance. Says well positioned on defense side.
News For GD From The Last 14 Days
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April 10, 2015
06:22 EDTGDDoD enacts stricter rules on research spending by contractors, WSJ says
The Department of Defense is enacting stricter rules on how defense companies can spent $4B of the department's research budget, following a report that explained that much of the budget was used to increase contractors' bids or to develop their own proprietary technology, reports the Wall Street Journal. Publicly traded companies in the space include BAE Systems (BAESY), Boeing (BA), General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC), Raytheon (RTN) and United Technologies (UTX).

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