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...

General Dynamics Electric Boat Awarded Potential $1B Nuclear Sub Support Contract

general dynamics logo
A General Dynamics (NYSE: GD) subsidiary has received a potential five-year, $1.5 billion contract to provide engineering, logistics, technical support and other services for the U.S. Navy‘s nuclear submarines and submersibles. The contract with General Dynamics Electric Boat has a base value of $234 million and also covers design, materials support and research and development, the company...

Bob Ranck to Lead Gulfstream Gov’t Programs, Sales; Larry Flynn Comments

John "Bob" Ranck
John “Bob” Ranck John “Bob” Ranck, former vice president of business development at Integrated Systems Solutions, has joined General Dynamics (NYSE: GD) subsidiary Gulfstream Aerospace as senior VP for government programs and sales, effective January. The company said Monday Ranck will succeed retiring Buddy Sams and report to Gulfstream President Larry Flynn. “[Ranck] has...

General Dynamics to Consolidate AIS, C4 Business Arms; Chris Marzilli to Head Combined Org

general dynamics logo
General Dynamics (NYSE: GD) will combine its advanced information systems and C4 systems business units into a single organization that will adopt the name General Dynamics Mission Systems. The company said Monday that the consolidation will take effect in January 2015 and Chris Marzilli, current president of the C4 systems unit, will lead the combined mission systems organization. The future mission...