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GD

General Dynamics

$169.81

1.21 (0.72%)

17:42
03/21/19
03/21
17:42
03/21/19
17:42

General Dynamics awarded $465.15M Navy contract for CVN shipyard availabilities

General Dynamics has been awarded a maximum value $465.15M cost-plus-incentive-fee, cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract for aircraft carrier, or CVN, shipyard availabilities. The primary purpose of this contract is to execute work required to support the Puget Sound Naval Shipyard and intermediate maintenance facility in accomplishing repair, maintenance and modernization of closely scheduled maintenance availabilities, including non-nuclear boundary control efforts. This contract includes five ordering periods which, if executed, would make the maximum value of this contract $465.15M. Work will be performed in Bremerton, Washington and is expected to be completed by March 2024 when all five ordering periods have been executed. FY19 operations and maintenance funding in the amount of $928,336 will be obligated at the time of award and will expire at the end of the fiscal year. This contract was competitively procured via Federal Business Opportunities website, with three offers received. The Naval Sea Systems Command is the contracting activity.

GD General Dynamics
$169.81

1.21 (0.72%)

02/15/19
02/15/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Coca-Cola (KO) downgraded to Neutral from Buy at Citi with analyst Wendy Nicholson saying the company's guidance implies 2019 earnings growth of plus or minus 1%. Coca-Cola has reported earnings per share of $2.00, plus or minus 10c, for the last eight years, with strong underlying growth offset by dilution from refranchising activities and currency headwinds. 2. General Dynamics (GD) downgraded to Neutral from Outperform at Credit Suisse with analyst Robert Springarn saying the acquisition of CSRA appears to be only "nominally accretive" to 2019, well short of his expectations, and says he believes the acquisition has significantly reduced the company's balance sheet flexibility and may limit future shareholder returns. 3. Ball Corp. (BLL) downgraded to Neutral from Buy at UBS with analyst Edlain Rodriguez saying while Ball's fundamentals "remain solid," a higher multiple "is a stretch" with the stock already up 45% over the past year. 4. Six Flags (SIX) downgraded to Sector Weight from Overweight at KeyBanc with analyst Brett Andress saying he remains constructive on the broader theme park industry and the majority of Six Flags' growth pillars, but international upside had been a key component of his thesis and the significantly reduced visibility and potential downside prompts the downgrade. 5. LogMeln (LOGM) downgraded to Perform from Outperform at Oppenheimer and to Hold from Buy at Needham. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, Reference Link
02/15/19
FBCO
02/15/19
DOWNGRADE
Target $184
FBCO
Neutral
General Dynamics downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse analyst Robert Springarn downgraded General Dynamics to Neutral from Outperform and lowered his price target to $184 from $190. In a research note to investors, Springarn says the acquisition of CSRA appears to be only "nominally accretive" to 2019, well short of his expectations, and says he believes the acquisition has significantly reduced the company's balance sheet flexibility and may limit future shareholder returns. Additionally, Springarn sees increasing competitive threats in both IT and Aerospace, which dims his growth outlook. Springarn says he is no longer convinced that General Dynamics can outperform, at least until management can show that its strategy warrants a higher multiple.
02/15/19
FBCO
02/15/19
DOWNGRADE
FBCO
Neutral
General Dynamics downgraded to Neutral from Outperform at Credit Suisse
02/04/19
BERN
02/04/19
NO CHANGE
Target $178
BERN
Market Perform
General Dynamics price target lowered to $178 from $186 at Bernstein
Bernstein analyst Douglas Harned lowered his price target for General Dynamics to $178 from $186 after the company reported solid Q4 results, but several issues raised more caution for short-term sentiment on the stock. The analyst reiterates a Market Perform rating on the shares.

TODAY'S FREE FLY STORIES

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QUMU

Qumu

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FAT

Fat Brands

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0.065 (1.28%)

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HRTG

Heritage Insurance

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0.25 (1.78%)

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COTY

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0.02 (0.18%)

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NTES

NetEase

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-2.34 (-0.87%)

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NDEKY

Nitto Denko

$0.00

(0.00%)

06:53
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04/19
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06:53
Downgrade
Nitto Denko rating change at Goldman Sachs »

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CURO

Curo Group

$10.96

0.16 (1.48%)

04:55
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Conference/Events
Curo Group management to meet with Jefferies »

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AON

Aon plc

$175.38

-0.14 (-0.08%)

, MMC

Marsh & McLennan

$93.76

-0.62 (-0.66%)

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AON

Aon plc

$175.38

-0.14 (-0.08%)

MMC

Marsh & McLennan

$93.76

-0.62 (-0.66%)

WLTW

Willis Towers Watson

$177.37

0.45 (0.25%)

03/08/13
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ISRG

Intuitive Surgical

$528.04

3.29 (0.63%)

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FIX

Comfort Systems USA

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0.06 (0.10%)

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  • 05

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NSANY

Nissan

$0.00

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, RNSDF

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$0.00

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FE

FirstEnergy

$40.51

0.28 (0.70%)

19:13
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  • 24

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