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July 23, 2014
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."
News For GD From The Last 14 Days
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December 22, 2014
10:00 EDTGDGeneral Dynamics awarded $498M contract by U.S. Navy
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December 19, 2014
17:16 EDTGDGeneral Dynamics awarded $498.2M government contract
General Dynamics National Steel and Shipbuilding Co., San Diego, California, is being awarded a $498,116,529 modification to a previously awarded fixed-price-incentive, firm-target contract for the procurement of the detail, design and construction of the fourth Mobile Landing Platform Afloat Forward Staging Base. Work is expected to be completed by March 2018. Fiscal 2014 shipbuilding and conversion contract funds in the amount of $498,116,529 will be obligated at time of award and will not expire at the end of the current fiscal year. The Naval Sea Systems Command, Washington, District of Columbia, is the contracting activity.
10:02 EDTGDGeneral Dynamics awarded $36M for development of Submarine technology
General Dynamics Electric Boat, a wholly owned subsidiary of General Dynamics, has been awarded a $36.5M contract modification from the U.S. Navy to develop advanced submarine technologies for current and future undersea platforms. Initially awarded in November 2010, the contract has a potential value of $710.6M over a total of five years if all options are exercised and funded.
December 16, 2014
08:31 EDTGDBabcock & Wilcox unit awarded contract to manufacture missile tubes
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December 11, 2014
10:01 EDTGDGeneral Dynamics NASSCO, Braemar LNG BV announce licensing agreement
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December 9, 2014
10:02 EDTGDGeneral Dynamics awarded $44M contract modification by U.S. Navy
The U.S. Navy has awarded General Dynamics Electric Boat a $44.5M contract modification to perform non-nuclear maintenance work for submarines homeported at the Naval Submarine Base in Groton. Electric Boat is a wholly owned subsidiary of General Dynamics. With this modification, Electric Boat will continue operating the New England Maintenance Manpower Initiative at the submarine base. Under the terms of the contract, Electric Boat will provide a wide range of overhaul, repair and modernization services in support of nuclear submarines, floating dry-docks, support and service craft and other platforms and equipment at the submarine base. About 270 Electric Boat employees are engaged in the work.This contract was first awarded in December 2012 and has a potential value of $222.3M over five years.

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