$GD (General Dynamics Corporation)

$GD {{ '2016-09-23T15:16:36+0000' | timeago}} • Announcement

$GD said its General Dynamics Information Technology business unit has won a contract to provide contact-center systems and operations support for the US Census Bureau's 2020 Census Questionnaire Assistance (CQA) program. The single-award contract has a value of approx. $430MM over five years.

$GD {{ '2017-06-23T19:04:41+0000' | timeago}} • Announcement

$GD unit General Dynamics Mission Systems delivered yet another advanced ground-to-air communications radio to the US Department of Transportation Federal Aviation Administration. With the latest delivery, the company has provided 10,000 CM-300/350 VHF-UHF V2 radios to the department. The contract is part of a modernization program.

$GD {{ '2017-06-20T17:17:00+0000' | timeago}} • Announcement

General Dynamics Information Technology, a business unit of $GD, received the Joint Effects Model (JEM) program contract from the U.S. Army Contract Command. The single-award indefinite delivery, indefinite quantity contract has a ceiling value of $45MM with an ordering period of five years.

$GD {{ '2017-06-08T13:02:46+0000' | timeago}} • Announcement

$GD has delivered the final ECO class tanker, constructed as part of an eight-tanker dual-customer program, to its customer American Petroleum Tankers at the NASSCO shipyard in San Diego. The ship was delivered as per a contract to design and construct 610-foot-long, 50,000 deadweight-ton, LNG-conversion-ready product tankers.

$GD {{ '2017-05-31T17:31:43+0000' | timeago}} • Announcement

General Dynamics Information Technology, a business unit of $GD, received the Training Services for the Center for Surface Combat Systems (CSCS) contract from the Naval Surface Warfare Center Dahlgren Division. The single-award contract has a potential value of about $244MM for a one-year base period with four option years.

$GD {{ '2017-05-05T14:01:02+0000' | timeago}} • Announcement

General Dynamics Information Technology, a business unit of $GD, received a contract to support the Defense Logistics Agency's J6 Enterprise Technology Services program. The multiple award, indefinite delivery, indefinite quantity contract has a ceiling value of about $6Bil for 5-year base period with 3 option years.

$GD {{ '2017-04-27T15:54:21+0000' | timeago}} • Announcement

General Dynamics Electric Boat, a subsidiary of $GD, said the contract modification will enable procurement of 17 missile tubes which will support the manufacture of the Common Missile Compartment. The potential value of the overall contract is $2.5Bil.

$GD {{ '2017-04-27T15:52:15+0000' | timeago}} • Announcement

The U.S Navy has awarded General Dynamics Electric Boat, a subsidiary of $GD, a $95.5MM contract modification to continue development of the Common Missile Compartment for the U.S. Navy's Columbia-class submarine and the Royal Navy's Dreadnought-class ballistic-missile submarine.

$GD {{ '2017-04-26T19:18:39+0000' | timeago}} • Webcast

$GD said the Aerospace services business did well in 1Q17 in terms of volume and margin. The services business is cyclical but the company has continued to improve its operating performance. On the jet side, $GD has a good pipeline of opportunities and expects 2Q17 to be strong.

$GD {{ '2017-04-26T18:59:08+0000' | timeago}} • Webcast

$GD said the G650 was the first aircraft for which the company had a purpose-built manufacturing facility to bring in, assemble and outfit the airplanes. The company has taken another purpose-built facility and currently anticipates to see a ramp-up in terms of volume and performance of the G650 going forward.

$GD {{ '2017-04-26T18:47:32+0000' | timeago}} • Webcast

$GD stated that it invests in programs that it believes will earn sufficient returns. With respect to shipbuilding, the company has the capacity to increase production in each of its shipyards as with the majority of its supply base. With any increase in production, $GD would need to replenish its workforce, supplier base and facilities.

$GD {{ '2017-04-26T15:53:46+0000' | timeago}} • Infographic

$GD General Dynamics Earnings AlphaGraphics: Q1 2017 highlights

$GD {{ '2017-04-26T13:52:01+0000' | timeago}} • Announcement

$GD repurchased 1.9MM of its outstanding shares in 1Q17. In addition, in March, its BoD increased its quarterly dividend by 10.5% to $0.84 per share.

$GD {{ '2017-04-26T13:50:37+0000' | timeago}} • Announcement

$GD’s total backlog at the end of 1Q17 was $60.4Bil. The estimated potential contract value was $24.6Bil. Total potential contract value, the sum of all backlog components, was $85Bil at the end of the quarter.

$GD {{ '2017-04-26T13:47:58+0000' | timeago}} • Announcement

Defense contractor $GD posted 19% increase in net earnings in 1Q17, though revenue was almost flat at $7.4Bil. Net income was $763MM, or $2.53 per share, compared to $641MM, or $2.08 per share in the year-ago quarter. Operating margin saw a 150 BP improvement to 13.9%.

$HII {{ '2017-04-03T16:18:40+0000' | timeago}} • Announcement

$HII said the newest Virginia-class submarine (VCS), Washington (SSN 787), successfully completed its initial sea trials on April 2, 2017. Sea trials test the submarine's capabilities at sea. Washington was built as part of a teaming agreement between $HII's Newport News Shipbuilding division and $GD Electric Boat.

$GD {{ '2017-03-30T16:02:25+0000' | timeago}} • Announcement

General Dynamics Information Technology, a business unit of $GD, received a contract from the NATO Communications and Information Agency (NCI Agency) to deliver the most significant upgrade to the organization's technical infrastructure in decades. The single-award contract has a potential value of $140MM over 5 years.

$GD {{ '2017-03-03T19:32:09+0000' | timeago}} • Announcement

On March 1, 2017, $GD shipyard, NASSCO, delivered the Liberty, the final ship to be constructed for SEA-Vista LLC as part of a larger eight-ship agreement entered into in 2013.

$GD {{ '2017-03-02T12:27:23+0000' | timeago}} • Announcement

The BoD of $GD declared a 10.5% hike in quarterly dividend to $0.84 per share. The dividend is payable on May 5, 2017, to shareholders of record on April 7, 2017.

$GD {{ '2017-02-21T17:03:59+0000' | timeago}} • Announcement

General Dynamics Information Technology, a business unit of $GD, received a task order from the Defense Intelligence Agency (DIA) to manage enterprise communications for the Combatant Commands and its subordinate units. The Enterprise Communications Services 2 (ECS2) contract has a five-year ordering period of $155MM.

$GD {{ '2017-02-16T20:43:53+0000' | timeago}} • Announcement

$GD's Electric Boat subsidiary has been awarded a $126.5MM contract by the US Navy for long lead time material for the first two Block V Virginia-class submarines, SSN-802 and SSN-803. Construction of the two submarines will begin in FY19.

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