General Dynamics Promotes Phebe Novakovic to President, COO

General Dynamics’ (NYSE: GD) board of directors elected Phebe Novakovic as president and chief operating officer, effective May 2. The Falls Church, Va. based contractor said on Thursday that Novakovic will report directly to chairman and CEO Jay L. Johnson. Johnson said Novakovic will help him oversee and manage the company’s business groups and headquarters operations. Novakovic previously served...

General Dynamics Wins $663M to Produce Navy Destroyer

General Dynamics subsidiary Bath Iron Works won a 3 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 115, the third ship in the program. The DDG 51 multi-mission...

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

The U.S. Navy has awarded General Dynamics‘ (NYSE: GD) Electric Boat subsidiary a ,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 California during its...

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 2010. Earnings per share from continuing operations grew...

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 been obligated.  The contracting activity...

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 history supporting Medicare and DMEPOS claims has...

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 to the U.S. Special...

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 greatly needed in today’s...

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 and...

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 on the as-yet-unnamed submarine at Electric Boat and its teammate,...