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Tag Archives: General Dynamics

General Dynamics Subsidiary Wins Potential $3B Navy Contract to Build 6 Replenishment Oilers

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General Dynamics‘ (NYSE: GD) NASSCO subsidiary has received a potential $3.2 billion contract from the U.S. Navy to design and build six replenishment oilers. The Defense Department said Thursday the contract has a base value of $640 million for the initial T-AO 205 class fleet replenishment oiler, which could be followed by one ship …

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June 29 Market Close: GovCon Index Extends Post-Brexit Shock Reversal as Primes Lead Surge

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Executive Mosaic’s GovCon Index staged a second consecutive session of recovery Wednesday from the post-Brexit shock that loomed over global financial markets during the prior two trading days with McKesson Corp. (NYSE: MCK) as the top driver of gains with the prime defense stocks and platform also top performers. The GovCon …

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General Dynamics, Teammates Plan Training Facility for Canada’s Upcoming Search & Rescue Aircraft

turbine-aircraft

TYSONS CORNER, VA, June 29, 2016 — A subsidiary of General Dynamics (NYSE: GD) in Canada and its partners including Leonardo-Finmeccanica and DRS Technologies plan to construct a training facility in British Columbia to accommodate a potential $3 billion production contract for the C-27J search-and-rescue aircraft, ExecutiveBiz reported Tuesday. DRS said June 22 “Team Spartan” eyes a …

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June 27 Market Close: GovCon Index Plunge Deepens on Post-Brexit Fallout’s Second Day

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The GovCon Index lost two full percentage points for a second consecutive trading session Monday as global financial markets continued to indicate investor concerns over the prospects of Britain’s vote Thursday to leave the European Union. Executive Mosaic‘s GovCon Index closed down 2.004 percent to 75.777 with Vectrus (NYSE: VEC) and Northrop Grumman …

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June 24 Market Close: GovCon Index Plummets on Brexit Vote Fallout, Raytheon Lone Gainer

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The GovCon Index was no exception to the effects of Britain’s vote to leave the European Union on global financial markets Friday as the GCI recorded its worst one-day percentage drop of 2016 by 2.805 percent to 77.327. Friday’s plunge brought the GCI from a weekly gain to a five-day loss of 1.175 percent …

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June 23 Market Close: GCI Up, CACI Guidance Miss & Downgrade Weigh as Markets Bet Against Brexit

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The GovCon Index lifted Thursday on U.S. investor speculation that Britain would vote in its referendum to remain in the European Union but felt some downward pressure from a guidance miss by CACI International (NYSE: CACI) and a subsequent downgrade on the stock. Executive Mosaic‘s GovCon Index of 30 publicly traded contractors rose 0.365 points …

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Curtiss-Wright Lands $80M in Contracts to Provide Ship Valves for Navy; David Adams Comments

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Curtiss-Wright (NYSE: CW) has secured approximately $80 million in contracts to provide various valves for the U.S. Navy‘s Virginia-class submarines and Ford-class aircraft carriers. The company said Wednesday it received the contracts from business units of Bechtel and General Dynamics (NYSE: GD) as part of a ship construction support and spare parts procurement agreement. Curtiss-Wright …

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Chris Deegan Promoted to CEO at Maritime Engineering Contractor Gibbs & Cox

Gibbs & Cox (GCW)

Maritime engineering and design company Gibbs & Cox has appointed Chris Deegan, former vice president of the company’s engineering group, to the roles of president and CEO. The Arlington, Virginia-based contractor said Tuesday Deegan will succeed Rick Biben, who will continue to serve on G&C’s board of directors. “Chris has delivered exceptional results in every …

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June 21 Market Close: GovCon Index Narrowly Down, US-Focused Contractors Gain in Brexit-Dominated Trade

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The GovCon Index fell into narrow range in afternoon trade Tuesday and closed at a nominal loss of 0.099 points to 79.190 as global investors continued to gauge the possibility of Britain’s departure from the European Union in a Thursday referendum there with new polls indicating a close vote either way. Many lead …

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General Dynamics Shipyard Hosts Christening of Navy Zumwalt-Class Destroyer

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TYSONS CORNER, VA, June 21, 2016 — A General Dynamics (NYSE: GD) shipyard in Bath, Maine, hosted the christening ceremony for the U.S. Navy‘s second Zumwalt-class destroyer designated USS Michael Monsoor, Executive Gov reported Monday. The Defense Department said Friday USS Michael Monsoor will enter into service to support naval and joint maritime …

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