$GD (General Dynamics Corporation)

$GD {{ '2016-04-27T14:01:44+0000' | timeago}} • Webcast

In 1Q16, $GD took a charge of $13MM in discontinued operations to record the final resolution in outstanding items related to a disposition that closed last year. Net interest expense was $22MM in 1Q16. $GD spent just over $1Bil on the repurchase of 7.8MM shares in 1Q16. At 1Q16-end, cash balance was $1.9Bil and net debt was $1.5Bil.

$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.

$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

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