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Stock Market & Financial Investment News

News Breaks
May 12, 2014
10:01 EDTGDGeneral Dynamics unit awarded $163M contract
General Dynamics Land Systems has been awarded a $163M contract by the U.S. Army TACOM Life Cycle Management Command to convert 93 flat-bottom Stryker infantry combat vehicles to a newer, more survivable double-V hull design. General Dynamics Land Systems is a business unit of General Dynamics. The majority of work will be completed at the Anniston Army Depot in Anniston, Alabama, by U.S. government and General Dynamics Land Systems employees. Additional work will be performed at General Dynamics locations in Lima, Ohio, and Scranton, Pennsylvania. The estimated delivery date for the Stryker DVH vehicles is March 2016.
News For GD From The Last 14 Days
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February 23, 2015
10:21 EDTGDGeneral Dynamics awarded $415M contract by US Army
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February 19, 2015
07:46 EDTGDAustralia opens bids for $8B armored vehicle defense contract, WSJ says
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February 17, 2015
12:49 EDTGDSpirit AeroSystems likely to collect some funds from Gulfstream,says Wells Fargo
After Spirit AeroSystems (SPR) disclosed in a February 13 regulatory filing that it had settled its dispute with General Dynamics' (GD) Gulfstream unit with respect to amounts due on G650 deliveries from 2010 through Q3 2013, Wells Fargo expects Spirit to collect some of the $135M that it held n retainage in accounts receivable for Gulfstream underpayments as of the end of last year. The firm says it cannot estimate the amount that Spirit will collect. It keeps an Outperform rating on Spirit.
10:01 EDTGDGeneral Dynamics awarded $50M for Abrams tank production
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