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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.
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November 30, 2015
05:42 EDTGDGeneral Dynamics upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Carter Copeland upgraded General Dynamics (GD) to Overweight saying Gulfstream-related fears are overly discounted in the stock at current levels. Shares offer the best risk/reward in U.S. Aerospace & Defense, Copeland tells investors in a research note. He keeps a $157 price target for the stock. The analyst this morning also downgraded Lockheed Martin (LMT) to Underweight and Raytheon (RTN) to Equal Weight.
November 25, 2015
10:01 EDTGDGeneral Dynamics awarded $103M contract modification by US Navy
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November 24, 2015
18:09 EDTGDGeneral Dynamics Electric Boat awarded $102.88M government contract modification
Electric Boat is being awarded a $102.88M modification to previously awarded contract N00024-10-C-2118 for additional lead yard services and development studies and design efforts related to Virginia-class submarines. The services will maintain, update, and support the Virginia-class design and related drawings and data for each Virginia-class submarine, including technology insertion, throughout its construction and post shakedown availability period. The contractor will also provide all engineering and related lead yard services necessary for direct maintenance and support of Virginia-class ship specifications. In addition, the contract provides development studies and design efforts related to the Virginia-class submarine design and design improvements, preliminary and detail component and system design, integration of system engineering, design engineering, test engineering, logistics engineering, and production engineering. The contractor will continue development studies and design efforts related to components and systems to accomplish research and development tasks and prototypes and engineering development models required to fully evaluate new technologies to be inserted in succeeding Virginia-class submarines. Work is expected to be completed by April 2016. The Naval Sea Systems Command, Washington, District of Columbia, is the contracting activity.
November 19, 2015
10:00 EDTGDOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Dick's Sporting (DKS) upgraded to Buy from Neutral at Monness Crespi... Fairchild (FCS) upgraded to Neutral from Underperform at Credit Suisse... Fiesta Restaurant (FRGI) upgraded to Strong Buy from Outperform at Raymond James... General Dynamics (GD) upgraded to Buy from Hold at Argus... Genomic Health (GHDX) upgraded to Outperform from Market Perform at Cowen... National Grid (NGG) upgraded to Outperform from Sector Perform at RBC Capital... ON Semiconductor (ON) upgraded to Buy from Neutral at Citi... Papa John's (PZZA) upgraded to Buy from Neutral at Sidoti... QEP Resources (QEP) upgraded to Buy from Neutral at Goldman... Seagate (STX) upgraded to Buy on selloff, dividend yield at Craig-Hallum... Sunoco (SUN) upgraded to Outperform at Credit Suisse... Tetraphase (TTPH) upgraded to Buy from Neutral at SunTrust... Wendy's (WEN) upgraded to Conviction Buy from Neutral at Goldman.
07:49 EDTGDGeneral Dynamics upgraded to Buy from Hold at Argus
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