The Latest Breaking News from General Dynamics Corp

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…

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 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 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…