General 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.
General Dynamics Bath Iron works awarded $610M contract modification by US Navy The U.S. Navy has awarded funding for the construction of DDG 122, the Fiscal Year 2015 Arleigh Burke-class destroyer under contract at General Dynamics Bath Iron Works. This $610.4M contract modification fully funds this ship which was awarded in 2013 as part of a multi-ship competition for DDG 51 class destroyers. The total value of the five-ship contract is approximately $3.4 billion. General Dynamics Bath Iron Works is a business unit of General Dynamics.