$GD (General Dynamics Corporation)

$GD {{ '2016-03-18T18:39:38+0000' | timeago}} • Announcement

$GD's NASSCO said it will help modernize, maintain and repair Navy ships that dock in San Diego, including six classes of military combat and amphibious vessels, as part of the contract. NASSCO is currently conducting repair and modernization efforts in four ports throughout the United States.

$GD {{ '2017-10-04T20:50:19+0000' | timeago}} • Announcement

$GD's General Dynamics Information Technology business unit was awarded a contract by the US Naval Sea Systems Command to provide enterprise IT and cybersecurity services to the Naval Surface Warfare Center (NSWC) Crane Division. The single-award, task order contract has a potential value of approx. $81.3MM for five years.

$GD {{ '2017-10-02T19:05:03+0000' | timeago}} • Announcement

$GD's subsidiary, Gulfstream Aerospace Corp., launched Aircraft Ownership Service (AOS), a customizable suite of aircraft maintenance and flight operations services that aircraft owners, flight departments and management companies can tailor to meet their specific needs. AOS offers maintenance and hangar accommodations, among other services.

$GD {{ '2017-09-22T11:26:41+0000' | timeago}} • Announcement

$GD's wholly owned subsidiary General Dynamics Electric Boat was awarded a $5.1Bil integrated product and process development contract by the U.S. Navy to complete the design of the lead Columbia-class submarine. Construction of the submarine is scheduled to begin in the fall of 2020.

$GD {{ '2017-09-15T15:32:24+0000' | timeago}} • Announcement

$GD said General Dynamics Land Systems–UK has begun the industry manned live firing phase of the AJAX programme, with the CTA International 40mm (CT40) cannon. The five-month trial, which started in early September and takes place at ranges in West Wales, will test the CT40 cannon, Chain Gun and Smoke Grenade Launchers.

$GD {{ '2017-09-13T15:36:29+0000' | timeago}} • Announcement

$GD said General Dynamics Land Systems–UK and General Dynamics European Land Systems are showcasing the EAGLE 6x6, which will enter trials shortly for a part of the UK’s Multi Role Vehicle – Protected (MRV-P) programme, at Defence and Security Equipment International. Trials will begin in October 2017 and are planned to run until February 2018.

$GD {{ '2017-09-05T19:21:43+0000' | timeago}} • Announcement

$GD's General Dynamics Land Systems business unit received two contract awards from the US Army for Abrams main battle tank upgrades. The first contract is for SEPv4 upgrades, with an initial value of $311MM. The second award was a $270MM contract from the US Army Tank Automotive Command to produce 45 Abrams M1A2 SEPv3 tanks.

$GD {{ '2017-08-30T17:33:02+0000' | timeago}} • Announcement

$GD said the US Marine Corps awarded General Dynamics Mission Systems a full-rate production contract worth approx. $105MM over four years for the Common Aviation Command and Control System (CAC2S) program. CAC2S visually combines ground and aviation command and control data for greater situational awareness and faster decision-making.

$GD {{ '2017-08-30T17:22:58+0000' | timeago}} • Announcement

$GD's General Dynamics Ordnance and Tactical Systems business unit was awarded a $60MM contract modification by the US Army Contracting Command in Redstone Arsenal, Alabama, for production of the 2.75”/70mm Hydra-70 air-to-ground rocket system for US military services and Foreign Military Sales customers.

$GD {{ '2017-08-29T21:08:54+0000' | timeago}} • Announcement

$GD demonstrated multiple mission command, control and communication capabilities at the US Naval Undersea Warfare Center in Rhode Island, as part of the Advanced Naval Technology Exercise (ANTX) 2017. The goal was to provide available solutions to the communications challenges of operating in a contested, undersea environment.

$GD {{ '2017-08-03T14:07:59+0000' | timeago}} • Announcement

$GD has announced that Amy Gilliland will succeed Daniel Johnson as President of General Dynamics Information Technology, effective Sept. 1, 2017. Gilliland has been the Deputy for Operations for General Dynamics Information Technology since April 2017. Johnson will continue as EVP of the Information Systems and Technology group.

$GD {{ '2017-07-26T13:54:50+0000' | timeago}} • Webcast

$GD said on its services business, it had slow execution on programs in several civilian agencies, primarily driven by uncertainty and in some cases, reduction in funding levels. The company expects this to be resolved through the course of 2017 as the administration sorts out the funding for civilian agencies.

$GD {{ '2017-07-26T13:46:12+0000' | timeago}} • Webcast

For full-year 2017, $GD expects revenue of approx. $8.1Bil in its Aerospace segment. For Combat Systems, revenue is expected to be slightly over $5.9Bil. For Marine Systems, revenue is expected to increase $160-165MM over the previous guidance of $7.9Bil. For IS&T, revenue is expected to stay flat. $GD expects total FY17 revenue to be about $31Bil.

$GD {{ '2017-07-26T13:36:23+0000' | timeago}} • Webcast

$GD stated that there is clear intent in the administration for increased defense spending. $GD believes this could manifest in some level of defense spending in the procurement and R&D account. However, important decisions relating to contract processing and funding are facing delays. $GD remains optimistic on the outcome of these decisions.

$GD {{ '2017-07-26T13:22:19+0000' | timeago}} • Webcast

$GD's total backlog at the end of 2Q17 was $58.6Bil. The estimated potential contract value, representing management’s estimate of value in unfunded indefinite delivery, indefinite quantity (IDIQ) contracts and unexercised options, was $24.4Bil. Total potential contract value was $83Bil at the end of 2Q17.

$GD {{ '2017-07-26T12:50:58+0000' | timeago}} • Infographic

$GD General Dynamics Earnings AlphaGraphic: Q2 2017 Highlights

$GD {{ '2017-07-26T12:13:05+0000' | timeago}} • Announcement

$GD is increasing its full-year 2017 EPS guidance from $9.50-9.55 to $9.70-9.75.

$GD {{ '2017-07-26T12:11:31+0000' | timeago}} • Announcement

In 2Q17, $GD posted revenues of $2Bil in its Aerospace segment, down 9% from 2Q16. In Combat Systems, revenues increased 9% to $1.4Bil. The Information Systems and Technology segment saw a decrease of 5% in revenues which came in at $2.1Bil while the Marine Systems segment saw a growth of 5% in revenues which totalled $2Bil.

$GD {{ '2017-07-26T12:02:19+0000' | timeago}} • Announcement

$GD reported a 4.9% increase in 2Q17 earnings. Net income rose to $749MM compared with $714MM in 2Q16. Diluted EPS grew 6.5% to $2.45 versus the prior-year period. Total revenue saw a slight decrease of 1.3% to $7.6Bil compared to last year.

$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.

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