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News Breaks
June 3, 2014
10:02 EDTGDGeneral Dynamics awarded contract to support U.S. Joint Forces program
General Dynamics Information Technology has been awarded a contract supporting the U. S. Joint Staff J7 to provide operational support services to the Joint Force Development program. The multiple-award, indefinite delivery, indefinite quantity contract has a potential value of $876.9M over five years to all seven awardees, if all options are exercised. Under this contract, General Dynamics will provide continuously adaptive education, training assessments, experimentation and infrastructure for training and real-world operations that serve as the foundation of learning for joint force development. Specific tasks include concept development and planning, logistics, modeling and simulation, architecture design, model management and operations, scenario development, distributed learning and courseware development, event response and control cells and facility operations. The company will also develop future joint training environments and test and evaluate new equipment. Work will be performed in Suffolk, Virginia and various 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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