General Dynamics awarded $52.3M contract modification from U.S. Army The U.S. Army TACOM Life Cycle Management Command has awarded a $52.3M contract modification to General Dynamics Land Systems-Canada to develop upgrades in support of the U.S. Marine Corps Light Armored Vehicle Mobility and Obsolescence Upgrade and Integration Program. General Dynamics Land Systems, the Canadian company's parent corporation, is a business unit of General Dynamics.
Spirit 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.