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General Dynamics awarded $105.78M Army contract modification » 18:0503/3103/31/23
General Dynamics was…
General Dynamics was awarded a $105.78M modification to contract for tank-training ammunition. Bids were solicited via the internet with three received. Work will be performed in St. Petersburg, Florida, with an estimated completion date of June 2, 2025. FY23 procurement of ammunition, Army funds in the combined amount of $105.78M were obligated at the time of the award. U.S. Army Contracting Command is the contracting activity.
Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations » 09:4203/3003/30/23
PAYC, PCTY, WMT, PM, SPWR, HRL, SCHW, PK, XHR, SCCO, ZBRA, SPB, CROX, GD, GPN
Want to get stock-moving…
Blair starts General Dynamics at Outperform with potential 17% upside » 07:0603/3003/30/23
William Blair analyst…
William Blair analyst Louie DiPalma initiated coverage of General Dynamics with an Outperform rating and no price target. The analyst sees potential upside of at least 17% over the next 12 months. General Dynamics' "multiple gap" with its defense systems provider should narrow as its revenue growth accelerates, the analyst tells investors in a research note. The firm says General Dynamics' $132B Columbia submarine program is widely considered to be the most important program of the entire U.S. Department of Defense. As such, Columbia has the least budgetary risk of any Department of Defense program as the centerpiece of the U.S. nuclear triad deterrent strategy, contends Blair. It believes the company's recent missteps on the Virginia-class submarine program and the Mission Systems' supply chain constraints "present an opportunity to buy before the rebound."
General Dynamics initiated with an Outperform at William Blair » 05:5103/3003/30/23
William Blair analyst…
William Blair analyst Louie DiPalma initiated coverage of General Dynamics with an Outperform rating.
|Over a week ago|
General Dynamics awarded $1.8B Army contract » 17:2203/2303/23/23
General Dynamics was…
General Dynamics was awarded a $1.8B firm-fixed-price contract for flight simulation training services. Bids were solicited via the internet with one received. Work locations and funding will be determined with each order, with an estimated completion date of March 31, 2035. U.S. Army Contracting Command is the contracting activity.
General Dynamics' GDIT awarded two contracts worth $380M » 15:1703/2203/22/23
General Dynamics Information Technology, a business unit of General Dynamics, announced that it was awarded two contracts totaling $380M by the Environmental Protection Agency. The contracts expand the company's technology and scientific research and support services to enable the agency's critical environmental and climate initiatives.
General Dynamics awarded $1.48B Army contract modification » 17:0903/1403/14/23
General was awarded a…
General was awarded a $1.48B modification to a contract to manufacture large-caliber metal projectiles and mortar projectiles. Work locations and funding will be determined with each order, with an estimated completion date of July 30, 2029. U.S. Army Contracting Command is the contracting activity.
General Dynamics raises dividend 4.8% to $1.32 per share » 14:0103/0803/08/23
The board of directors of…
The board of directors of General Dynamics declared a regular quarterly dividend of $1.32 per share on the company's common stock, payable May 12 to shareholders of record on April 14. "This is the 26th consecutive annual dividend increase authorized by the General Dynamics board, and represents a 4.8% increase over last year's dividend," the company stated.
Biden to propose Pentagon budget of over $835B, Bloomberg says » 18:2003/0703/07/23
BA, GD, LMT, NOC, RTX, BAESY, LHX
U.S. President Joe Biden…
U.S. President Joe Biden will propose a spending plan this week that includes what officials are calling one of the country's biggest peactime defense budgets, with $170B for weapons procurement and $145B for R&D, which would both mark recent records, Bloomberg's Anthony Capaccio reports. The Department of Defense budget for the year starting October 1 will surpass $835B, up from $816B for the current fiscal year, the author says, citing one official. Publicly traded companies in the space include BAE Systems (BAESY), Boeing (BA), General Dynamics (GD), L3Harris Technologies (LHX), Lockheed Martin (LMT), Northrop Grumman (NOC) and Raytheon Technologies (RTX). Reference Link
Elbit Systems subsidiary awarded $120M follow-on contract from General Dynamics » 05:1103/0203/02/23
Elbit Systems (ESLT)announced that its Romanian subsidiary, Elmet International SRL., was awarded a follow-on contract valued at $120M from General Dynamics European Land Systems (GD) to supply unmanned turrets, Remote Controlled Weapon Stationsand mortar systems for the 'Piranha V' Armored Personnel Carrier of the Romanian Armed Forces. The work will performed in Romania over a three-year period. Under the follow-on contract, Elbit Systems will supply UT30 MK2 turrets, RCWS and the SPEAR mortar systems, all fully integrated onboard the GDELS' 'Piranha V' APC. Elbit Systems' UT30 MK2 is a 30mm unmanned light turret that integrates weapon systems, fire control systems, sensors and display systems for enhanced combat effectiveness, situational awareness and target acquisition capabilities. The company's RCWS is a light weight high accuracy 12.7mm weapon station. The SPEAR is a 120mm computerized autonomous vehicular mortar system. In addition to Romania, Elbit Systems' turrets, RCWS and mortar systems have been selected to date by dozens of customers across the world including Israel, U.S.A, Denmark, Austria, Belgium, Brazil, and Croatia.