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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.
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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