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General Dynamics Wins $663M to Produce Navy Destroyer

General Dynamics subsidiary Bath Iron Works won a $663 million U.S. Navy contract modification to produce a guided missile destroyer, General Dynamics announced Tuesday. Bath Iron Works will construct DDG 116, the fourth ship in the Navy’s Arleigh Burke-class construction-continuation program. Bath Iron Works is also contracted to produce DDG ...

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General Dynamics Wins $54M for USS California Long-Lead Procurement

The U.S. Navy has awarded General Dynamics‘ (NYSE: GD) Electric Boat subsidiary a $54,453,657 contract modification to plan and execute the USS California’s “post shakedown availability,” the Pentagon announced Friday. The Pentagon said Electric Boat’s work will include long-lead time material procurement in preparation to accomplish work on the USS ...

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Four Major Defense Contractors Report 3rd Quarter Earnings Growth

Four of the largest American defense contractors released third quarter financial results on Oct. 26, 2011. Lockheed Martin (NYSE: LMT) Northrop Grumman (NYSE: NOC) General Dynamics (NYSE: GD) Boeing (NYSE: BA) Lockheed Martin reported $665 million in earnings from continuing operations, an increase of 19 percent from the third quarter of ...

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General Dyanmics Snags Air Force Deal

According to the Department of Defense, “General Dynamics (NYSE: GD) is being awarded a maximum $45,500,000 cost plus fixed fee IDIQ which will provide Air Force Research Laboratory Materials and Manufacturing Directorate Technology division with a contract vehicle related to evolving materials and manufacturing technology.  At this point, $3,511,722 has ...

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General Dynamics Books CMS Work

General Dynamics (NYSE: GD) Information Technology booked a deal to continue providing claims processing support to the Department of Health and Human Services’ Centers for Medicare and Medicaid Services. The contract has a total potential value of $95 million over five years if all options are exercised. “General Dynamics’ 30-year ...

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General Dynamics Wins Lucrative Enterprise IT Deal

General Dynamics (NYSE: GD) Information Technology booked a five-year deal worth $83.6 million to provide information technology enterprise network services to the U.S. Special Operations Command. The contract has a ceiling value of $125 million. “General Dynamics’ cadre of IT professionals, experienced with worldwide IT operations, will provide unparalleled support ...

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Lockheed Books $105 Million Order from General Dynamics

General Dynamics (NYSE: GD) C4 Systems, the prime contractor for the Warfighter Information Network-Tactical, or “WIN-T”, awarded Lockheed Martin (NYSE: LMT) a $105 million order to produce additional communications equipment for WIN-T Increment 2. “This increment of WIN-T allows commanders to stay connected from company through division echelons, which is ...

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General Dynamics Snags Navy Deal

According to the Department of Defense, “General Dynamics (NYSE: GD) is being awarded an $18,800,000 cost-plus-fixed-fee modification to previously awarded contract (N00024-06-C-2303) for additional class services associated with the detail design and construction of the Zumwalt-class (DDG 1000) destroyer.  This work will provide technical and industrial engineering in the interpretation ...

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General Dynamics Books $1.2 Billion in Sub Funding

General Dynamics (NYSE: GD) Electric Boat secured $1.2 billion in funding from the Navy to cover the construction of the 14th Virginia-class submarine, SSN-787. According to the firm, “the release of the funding allows procurement of long lead-time components that will support the planned official construction start later this year ...

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