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General Dynamics Unit to Continue Navy Shipyard Support in Connecticut, South Carolina

TYSONS CORNER, VA, Oct. 17, 2017 — A General Dynamics subsidiary (NYSE: GD) will continue to provide shipyard services in support of the U.S. Navy‘s nuclear-powered submarines and moored training ships under a $28.6 million exercised contract option, ExecutiveBiz reported Monday. The Defense Department said Friday General Dynamics Electric Boat will procure or …

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October 16th Market Close: GovConIndex Closes Down While Major Indices Set New Highs

The Executive Mosaic GovCon Index (GCI) closed down 0.195 percent to settle at 109.179 as declining shares outpaced advancing almost 3 to 1. The three major indices all closed positive setting new record highs. The S&P500 closed up 0.18 percent to 2,557.64, while the DJIA was approaching the 23,000 mark settled at 22,956.96 …

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General Dynamics to Form JV for Romania-Based Production of Piranha Armored Vehicles

TYSONS CORNER, VA, Oct. 16, 2017 — General Dynamics (NYSE: GD) has entered into a cooperation agreement with Romania’s government to facilitate the in-country production of armored vehicles in partnership with Uzina Mecanica Bucharest, ExecutiveBiz reported Friday. Govnet reported Tuesday the agreement and memorandum of understanding covers the creation of a …

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General Dynamics Rolls Out 1st Abrams Tank System Enhancement Package v3 to Army

TYSONS CORNER, VA, Oct. 11, 2017 — General Dynamics (NYSE: GD) has delivered the first of six initial production units of the latest M1A2 Abrams main battle tank with updated electronics, weapons and protection systems to the U.S. Army, ExecutiveBiz reported Tuesday. The service branch said Monday the M1A2 System Enhancement Package Version 3 …

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October 10th Market Close: GovConIndex and Major Indices Close Up

The Executive Mosaic GovCon Index (GCI) advanced to a new record, to close up 0.316 percent to 109.332 with advancing shares outpacing declining 3 to 1. The major markets all closed to the positive with the DJIA reaching a new high of 22,830.68 up 0.31 percent, while the S&P500 gained 0.23 percent to 2,550.643, and …

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General Dynamics Launches Wireless Comms Gateway for Military, Public Safety Users

TYSONS CORNER, VA, Oct. 10, 2017 — A General Dynamics (NYSE: GD) business unit has unveiled its Fortress Wireless Gateway that the company says will serve to increase the wireless communications coverage of military, industrial and public safety users, ExecutiveBiz reported Monday. The company said Friday General Dynamics Mission Systems designed the gateway with connectivity, …

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October 9th Market Close: GovConIndex and Major Indices Close Down

The Executive Mosaic GovCon Index (GCI) fell today by 0.042  percent to 109.149 with advancing and declining shares pretty well split even. The major indices all closed down, with the S&P500 closing down 0.18 percent to 2,544.73, while the DJIA closed at 22,761.07 off 0.06 percent, and the NASDAQ Composite closed down 0.16 …

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Executive Mosaic’s Weekly GovCon Round-up: September’s Billion Dollar Contracts

Weekly Roundup October 2 – October 6 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Last month the GovCon community witnessed a number of highly valued contracts. September had eight contracts valued over a billion dollars awarded for a variety of …

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October 5th Market Close: GovConIndex and Major Indices Continue to Push to New Highs

The Executive Mosaic GovCon Index (GCI) continued its fifth consecutive day of record highs, up 0.32 percent to 109.157 with advancing shares outpacing declining 3 to 1. The markets furthered their positive trend with the S&P500 closing up 0.56 percent to 2,552.07, while the DJIA posted its seventh day of gains closing at 22,775.39 up 0.50 …

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Al Whitmore to Head Intell & Security Sector at BAE’s US Arm; Jerry DeMuro Comments

Al Whitmore, former senior vice president of the global solutions division at General Dynamics‘ (NYSE: GD) information technology business unit, has been named president of intelligence and security sector at BAE Systems‘ U.S. subsidiary in a move that takes effect Oct. 16. He will lead BAE Systems Inc.‘ I&S sector headquartered in …

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