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Stock Market & Financial Investment News

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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July 29, 2014
10:02 EDTGDGeneral Dynamics awarded $25.4M contract from Lockheed
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July 24, 2014
14:01 EDTGDGeneral Dynamics unit awarded $67M contract for Light Armoured Vehicles
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08:19 EDTGDGeneral Dynamics price target raised to $137 from $119 at Oppenheimer
Oppenheimer increased its price target on General Dynamics after the company reported Q2 results that the firm views as strong and significantly raised its EPS guidance. The firm thinks the outlook for the company's Gulfstream and Combat Systems units appear positive. It keeps an Outperform rating on the shares.
08:01 EDTGDGeneral Dynamics price target raised to $133-$137 from $120-$125 at Wells Fargo
Wells Fargo increased its price target on General Dynamics as the firm thinks the company reported impressive Q2 results. The firm expects the turnarounds in the company's Jet Aviation and European Land Systems units to be sustained. It keeps an Outperform rating on the shares. .
July 23, 2014
09:14 EDTGDGeneral Dynamics: Q3 results to be similar to Q2, but expects a strong Q4
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09:14 EDTGDGeneral Dynamics raises FY14 EPS cont ops to $7.40-$7.45 from $6.80-$6.85
FY14 EPS consensus of $7.33; Sees FY14 revenue $30.2B, consensus $30.39B. Expects FY14 operating margin of 12.5%. Sees FY14 effective tax rate in low end of guidance of 30.5%-31%. Comments taken from Q2 earnings conference call.
07:06 EDTGDGeneral Dynamics repurchased 10.7M outstanding shares in Q2
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07:04 EDTGDGeneral Dynamics reports Q2-end backlog $71.1B
Total backlog at the end of Q2 was $71.1B, 27% over Q1. Estimated potential contract value, representing management's estimate of value in unfunded indefinite delivery, indefinite quantity contracts and unexercised options, was $28.4B. At the end of the quarter, total potential contract value, the sum of all backlog components, was $99.5B. Orders in the Aerospace group were strong in the quarter, including healthy activity across the group's portfolio. The company said, "General Dynamics' strong second quarter performance reflects our continued focus on program execution and operational improvements. We have a solid building block for the future with an increased defense backlog and robust order activity across the portfolio of Gulfstream business jets."
07:02 EDTGDGeneral Dynamics reports Q2 cont. ops. EPS $1.88, consensus $1.77
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July 22, 2014
15:30 EDTGDNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include PepsiCo (PEP) , consensus $1.23; Boeing (BA), consensus $2.01; Dow Chemical (DOW), consensus 72c; EMC (EMC), consensus 43c; Simon Property Group (SPG), consensus $2.13; Thermo Fisher (TMO), consensus $1.62; General Dynamics (GD), consensus $1.77; Freeport-McMoRan (FCX), consensus 49c; Delta Air Lines (DAL), consensus $1.04; Northrop Grumman (NOC), consensus $2.22; Whirlpool (WHR), consensus $2.91; B/E Aerospace (BEAV), consensus $1.07; Ryder (R), consensus $1.40; Owens Corning (OC), consensus 46c.

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