Canada Orders General Dynamics Vehicle Surveillance System; Danny Deep Comments

general dynamics logo
A General Dynamics (NYSE: GD) business arm will provide a surveillance system for the Canadian military to integrate on vehicles for the Light Armored Vehicle III Upgrade program under a $252.7 million contract. General Dynamics Land Systems-Canada said Thursday the system includes radars, image intensification sights, thermal imaging, laser range finder and GPS and works with an operator control...

State Dept OKs Iraq’s $700M in Requests for BAE Weapons, General Dynamics Vehicle Parts

State Department
The State Department has approved a potential sale to Iraq of $97 million in Advanced Precision Kill Weapon Systems built by BAE Systems and $600 million in vehicle parts made by General Dynamics (NYSE: GD). The Defense Security Cooperation Agency said Wednesday the proposed sale of 2,000 APKWS includes spare and repair parts, documentation, personnel training and associated equipment, weapon...

October 27 Morning Report: GovCon Index Closes on Monthly High

GovConIndex
The GovCon Index closed Friday reaching a monthly high at 65.994, up 0.260 or 0.393 percent after a week of strong third quarter corporate earnings.   Top Percentage Gainers Company Stock Price % Change AECOM Technology 32.60 1.97% General Dynamics 132.50 1.66% Maximus 43.54 1.61% Textron 38.76 1.57% Booz Allen Hamilton 25.72 1.54% Market Summary Advancing Issues 25 (83.33%) Declining...

October 24 Morning Report: GovCon Index Up at Market Close

GovConIndex
The GovCon Index closed up at 65.734 on Thursday, a change of 1.150 point or 1.719 percent from the previous day.       Top Percentage Gainers Company Stock Price % Change Navistar 34.70 4.96% Textron 38.16 4.26% Northrop Grumman 129.20 3.27% General Dynamics 130.34 3.19% Honeywell 93.58 2.65% Lockheed Martin 180.67 2.65% Market Summary Advancing Issues 26 (86.67%) Declining...

October 23 Morning Report: GovCon Index Down at Market Close

GovConIndex
The 30-company GovCon Index closed at 64.584 on Wednesday, down by 0.270 point or 0.419 percent from the previous day. The Standard & Poors 500 index dropped 0.7 percent to 1927 points, the Nasdaq composite index registered an 0.8 percent fall to 4383 and the Dow Jones industrial average inched down 0.9 percent to 16,461 as markets reacted to news of falling oil prices and a shooting in...

State Dept OKs $600M General Dynamics-Made Tank Ammo Sale to Iraq

ArmyGroundVehicle
Iraq has requested to procure General Dynamics-built (NYSE: GD) M1A1 Abrams tank weapons through a potential $600 million foreign military sales agreement with the U.S. government. The State Department approved Iraq’s planned acquisition of 46,000 high-explosive anti-tank munitions and kinetic energy warheads for its Abrams battle tanks fleet, the Defense Security Cooperation Agency said Monday. General...

General Dynamics to Maintain African News Websites

general dynamics logo
General Dynamics‘ information technology business unit has won a $6.9 million bridge contract with the U.S. Army‘s Africa Command to maintain two African news websites, FCW reported Tuesday. Adam Mazmanian writes General Dynamics IT will continue its work on translation, posting of comments, survey writing, Google Adwords maintenance and page modifications for Magharebia.com and Sabahionline.com. The U.S....

General Dynamics to Update US, Australian Sub Combat Control Systems; Mike Eagan Comments

general dynamics logo
A General Dynamics (NYSE: GD) business unit has received $50 million in contract modifications to continue modernization work for combat control systems in U.S. and Australian naval submarines. General Dynamics Advanced Information Systems has worked on the AN/BYG-1 combat control systems since 2003, General Dynamics said Tuesday. “By introducing our open architecture framework into these...

Rudy deLeon Joins General Dynamics Board of Directors; Phebe Novakovic Comments

Rudy-deLeon
Rudy deLeon Rudy deLeon, a senior fellow with the Center for American Progress, has joined General Dynamics‘ (NYSE: GD) board of directors. DeLeon is a former Pentagon chief operating officer and served on both the Deputies Committee of the National Security Council and the National Partnership Council before he left federal service in 2001, General Dynamics said Tuesday. “Rudy brings...

General Dynamics Subsidiary to Help Navy Engineer Nuclear Submarines

general dynamics logo
General Dynamics‘ (NYSE: GD) Electric Boat subsidiary has received a $311 million contract from the U.S. Navy to provide planning yard, engineering and technical services for the branch’s fleet of nuclear submarines. The contract’s value could increase to $1.5 billion over a five-year period if the Navy exercises all options, General Dynamics said Friday. Electric Boat will also support...