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The Latest Breaking News from General Dynamics Corp

Lockheed Martin Tops Defense Peers In Capital Efficiency — But Market Isn't Impressed

Lockheed Martin Corp. is a defense company that uses its capital to generate profits most efficiently as compared to its peers; however, the year-over-year growth of this specific metric has been tepid.

General Dynamics Secures $600M In US Navy Contract Modifications

General Dynamics Secures $600M In US Navy Contract Modifications

General Dynamics Corp (NYSE:GD) subsidiary General Dynamics NASSCO has secured $600 million in U.S. Navy contract modifications for long-lead-time material for three ships. This contract will support the construction of the seventh and eighth ships in the John Lewis-class fleet oiler (T-AO) program and the sixth ship in the Expeditionary Sea Base (ESB)…

General Dynamics Wins US Army Competition Process To Provide Enhanced Firepower

General Dynamics Wins US Army Competition Process To Provide Enhanced Firepower

The U.S. Army has selected General Dynamics Corp (NYSE:GD) business unit General Dynamics Land Systems' Mobile Protected Firepower (MPF) offering to provide enhanced firepower for Infantry Brigade Combat Teams (IBCTs). The Low Rate Initial Production (LRIP) award is valued at $1.14 billion. The highly lethal, survivable, and mobile direct-fire combat vehicle melds recently developed…

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General Dynamics Bags NSA Contract For High Assurance Ethernet Encryptor

General Dynamics Corp’s (NYSE:GD) General Dynamics Mission Systems has secured a contract from the National Security Agency (NSA). Financial terms were not disclosed. Under the contract, GD will design, develop, test and deliver a certifiable 400 Gbps high-assurance encryption solution compliant with the Ethernet Data Encryption Cryptographic Interoperability Specification (EDE-CIS). The high-speed, fault-tolerant…

General Dynamics Beats Q1 Estimates, Clocks 8% Growth In Aerospace Backlog

General Dynamics Corp (NYSE:GD) reported first-quarter FY22 revenue of $9.4 billion, flat year-over-year, beating the consensus of $9 billion. Sales by segments: Aerospace $1.90 billion (+0.8% Y/Y), Marine Systems $2.65 billion (+6.8% Y/Y), Combat Systems $1.68 billion (-8% Y/Y) and Technologies $3.16 billion (-1.1% Y/Y). EPS increased by 5.2% Y/Y to $2.61, beating…

General Dynamics Secures $4.5B User Facing And Data Center Services Contract

General Dynamics Corp's (NYSE:GD) business unit General Dynamics Information Technology (GDIT), has secured the User Facing and Data Center Services (UDS) contract from the National Geospatial-Intelligence Agency (NGA). UDS is a single-award IDIQ contract with a $4.5 billion ceiling and a 10-year ordering period. GDIT will provide hybrid cloud services, including commercial clouds…

Western Sanctions To Negatively Affect General Dynamics' Jet Maintenance Unit: Reuters

General Dynamics Corp (NYSE:GD), at the J.P. Morgan Industrials conference held on March 16, 2022, stated that its jet aviation business is likely to be impacted by Western sanctions on Moscow over its invasion of Ukraine, reported Reuters. The report added that the company's Jet Aviation unit is likely to be hit…

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Morgan Stanley Upgrades This Aerospace And Defense Company

Morgan Stanley Upgrades This Aerospace And Defense Company

Morgan Stanley analyst Kristine Liwag upgraded General Dynamics Corp (NYSE:GD) to Equal Weight from Underweight and raised the price target to $215 (an upside of 1.2%), from $210, after management provided "strong visibility" and an "encouraging" three-year outlook for the Gulfstream business on its Q4 earnings call. Related: General Dynamics Clocks 1.8% Revenue Decline In Q4;…

General Dynamics To Begin Work On $518M Global Logistics Contract To Support US Army CECOM

General Dynamics To Begin Work On $518M Global Logistics Contract To Support US Army CECOM

General Dynamics Corp (NYSE:GD) business unit General Dynamics Information Technology (GDIT) has received a $518 million task order award from the U.S. Army Communications-Electronics Command (CECOM). The company will provide logistics, sustainment, and maintenance services for joint U.S. and coalition forces worldwide within the Army Field Support Brigade (AFSB) regions. The task order…

General Dynamics Clocks 1.8% Revenue Decline In Q4; Bottom-Line Tops Street View

General Dynamics Clocks 1.8% Revenue Decline In Q4; Bottom-Line Tops Street View

General Dynamics Corp (NYSE:GD) reported a fourth-quarter FY21 revenue decline of 1.8% year-over-year to $10.29 billion, missing the consensus of $10.67 billion. Sales by segments: Aerospace $2.56 billion (+5.1% Y/Y), Marine Systems $2.87 billion (+0.5% Y/Y), Combat Systems $1.89 billion (-3.7% Y/Y) and Technologies $2.97 billion (-7.9% Y/Y). EPS declined by 2.9% Y/Y…

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