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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.
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April 10, 2015
06:22 EDTGDDoD enacts stricter rules on research spending by contractors, WSJ says
The Department of Defense is enacting stricter rules on how defense companies can spent $4B of the department's research budget, following a report that explained that much of the budget was used to increase contractors' bids or to develop their own proprietary technology, reports the Wall Street Journal. Publicly traded companies in the space include BAE Systems (BAESY), Boeing (BA), General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC), Raytheon (RTN) and United Technologies (UTX).

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