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May 15, 2014
10:01 EDTGDGeneral Dynamics awarded $63M task order by U.S. Army Contracting Command
General Dynamics Information Technology, a business unit of General Dynamics, has been awarded a task order by the U.S. Army Contracting Command-Rock Island to develop, implement and maintain the Armed Forces Billing and Collection Utilization Solution. The new system will enable the U.S. Army Medical Command, U.S. Navy Bureau of Medicine and Surgery and U.S. Air Force Medical Service to better identify, process and collect other health insurance. This task order has a value of $63M over five years, if all options are exercised. Under this contract, General Dynamics will provide software-as-a-service using a cloud hosting solution to generate medical claims, pharmacy claims, invoices and governmental billing forms automating, consolidating and centralizing the tasks of three disparate systems and replacing legacy systems. The company will deploy ABACUS into 136 military medical treatment facilities around the globe. Work will be performed primarily in Herndon, Va., with implementation support at customer locations worldwide.
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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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