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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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June 29, 2015
07:22 EDTGDBWX Technologies would be M&A fit for Huntington Ingalls, says Deutsche Bank
Deutsche Bank noted that the planned spin-off of BWX Technologies (BWXT) from Babcock & Wilcox (BWC) is scheduled to be completed this week on July 1, stating that it believes the spun off company is likely to attract the attention of strategic players such as Huntington Ingalls (HII) and General Dynamics (GD). The firm thinks the potential M&A fit looks "most striking" for Huntington and estimates that a deal multiple could reach 10-11X the about $300M in EBITDA at BWX Technologies, which would likely be "worth the stretch" for the shipbuilder.
June 26, 2015
07:26 EDTGDSRA International exploring sale or IPO, Reuters reports
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June 24, 2015
10:00 EDTGDGeneral Dynamics receives $219M order for US Army's WIN-T increment 2 systems
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June 17, 2015
17:24 EDTGDGeneral Dynamics awarded $200M government contract
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15:31 EDTGDGeneral Dynamics awarded $43M contract
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