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GD

General Dynamics

$205.72

1.45 (0.71%)

17:29
09/21/17
09/21
17:29
09/21/17
17:29

General Dynamics Electric Boat awarded $5B government contract

General Dynamics Electric Boat Corp., Groton, Connecticut, is being awarded a $5,071,534,074 cost-plus-incentive-fee with special incentives contract for the Integrated Product and Process Development design completion for the Columbia-class ballistic missile submarines. The contract also includes component and technology development, missile tube module and reactor compartment bulkhead prototyping and manufacturing efforts, and United Kingdom Strategic Weapon Support System kit manufacturing for the Columbia class ballistic missile submarines. Work is expected to be completed by December 2031. This contract was not competitively procured in accordance with 10 U.S. Code 2304(c)(1) - only General Dynamics Electric Boat currently possesses the entirety of the nuclear ballistic missile submarine design/engineering workforce and data environment to support completion of the highly specialized submarine design products and integration efforts required to meet all of the contemplated technical and schedule contract requirements. The Naval Sea Systems Command, Washington, District of Columbia, is the contracting activity.

GD General Dynamics
$205.72

1.45 (0.71%)

09/06/17
STFL
09/06/17
NO CHANGE
STFL
Stifel says United Tech deal strategic, not a sign of M&A 'floodgates opening'
Stifel analyst Joseph DeNardi said one of the only risks he sees to defense stocks' multiples would be a shift in cash deployment strategy from a focus on dividends and buybacks to M&A. However, he views United Technologies' (UTX) planned acquisition of Rockwell Collins (COL) as strategic and largely focused on its desire to regain leverage against Boeing (BA) and Airbus (EADSY) and not indicative of the M&A "floodgates opening" in the defense sector. Other publicly traded companies in the defense space include BAE Systems (BAESY), General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC) and Raytheon (RTN).
08/08/17
08/08/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Amazon.com (AMZN), Alphabet (GOOG, GOOGL), and Facebook (FB) were reinstated with a Buy at Mizuho, while eBay (EBAY) and Twitter (TWTR) were reinstated with an Underperform. 2. Broadridge (BR) initiated with a Neutral at DA Davidson. 3. Brighthouse Financial (BHF) initiated with an Overweight at Barclays. 4. Akcea Therapeutics (AKCA) WAS initiated with an Outperform at BMO Capital and Cowen, an Outperform at Wells Fargo, as well as a Buy at Stifel. 5. Lockheed Martin (LMT) and Raytheon (RTN) were initiated with an Overweight at Morgan Stanley, while Northrop Grumman (NOC) was initiated with an Equal Weight, and General Dynamics (GD) was initiated with an Underweight at the firm. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/08/17
MSCO
08/08/17
INITIATION
Target $185
MSCO
Underweight
General Dynamics initiated with an Underweight at Morgan Stanley
Morgan Stanley analyst Rajeev Lalwani initiated General Dynamics with an Underweight and a $185 price target telling investors he expects Gulfstream may have difficulty sustaining margins given competitive threats.
08/04/17
ARGS
08/04/17
NO CHANGE
ARGS
General Dynamics weakness creates buying opportunity, says Argus
Argus analyst John Eade says that General Dynamics' stock has underperformed over the last quarter, while the company reported higher than expected Q2 EPS. Eade believes that the fact that the company obtains less than 50% of its revenue from the U.S. government makes it more attractive than many of its peers . He thinks the company's recent decision to raise its dividend 1% shows confidence in its outlook. Eades says that the stock's underperformance has created a buying opportunity.

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HPE

HP Enterprise

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0.09 (0.62%)

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HPE

HP Enterprise

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HPE

HP Enterprise

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0.09 (0.62%)

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HPE

HP Enterprise

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0.09 (0.62%)

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CME

CME Group

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UAL

United Continental

$67.99

0.48 (0.71%)

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CSX

CSX

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VZ

Verizon

$48.65

0.25 (0.52%)

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IBM

IBM

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SEAS

SeaWorld

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JPM

JPMorgan

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VZ

Verizon

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STLD

Steel Dynamics

$36.44

0.27 (0.75%)

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CE

Celanese

$104.03

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STLD

Steel Dynamics

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OPTT

Ocean Power

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TOSBF

Toshiba, also use TOSYY

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PNW

Pinnacle West

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GILD

Gilead

$80.01

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POT

Potash

$19.24

0.08 (0.42%)

, AGU

Agrium

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AGU

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VMI

Valmont

$160.85

1.9 (1.20%)

17:36
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Earnings
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