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July 11, 2014
10:02 EDTGDGeneral Dynamics to continue ACV testing for Marines
General Dynamics Land Systems, a business unit of General Dynamics, is continuing work on an Amphibious Combat Vehicle solution for the U.S. Marines. The recently awarded five-month contract extension, valued at $7M, continues General Dynamics' ongoing work to determine the best option for developing an affordable, survivable and high water speed ACV platform for the Marine Corps. The effort includes flexibility and modularity analysis of the requirements, concept refinement and experimentation planning. The work will be completed by existing employees in Sterling Heights. General Dynamics Information Technology is working with General Dynamics Land Systems on the project.
News For GD From The Last 14 Days
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June 29, 2015
07:22 EDTGDBWX Technologies would be M&A fit for Huntington Ingalls, says Deutsche Bank
Deutsche Bank noted that the planned spin-off of BWX Technologies (BWXT) from Babcock & Wilcox (BWC) is scheduled to be completed this week on July 1, stating that it believes the spun off company is likely to attract the attention of strategic players such as Huntington Ingalls (HII) and General Dynamics (GD). The firm thinks the potential M&A fit looks "most striking" for Huntington and estimates that a deal multiple could reach 10-11X the about $300M in EBITDA at BWX Technologies, which would likely be "worth the stretch" for the shipbuilder.
June 26, 2015
07:26 EDTGDSRA International exploring sale or IPO, Reuters reports
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June 24, 2015
10:00 EDTGDGeneral Dynamics receives $219M order for US Army's WIN-T increment 2 systems
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