General Dynamics Elects Robert Helm Corporate Officer

The board of directors of General Dynamics (NYSE: GD) has elected Robert W. Helm to be an officer of the corporation.

According to General Dynamics, “Helm joined the company on May 3 as senior vice president of planning and development, reporting to Jay L. Johnson, chairman and chief executive officer.”

Financial Reports

General Dynamics Reports Solid Operating Results, Growing Revenue and Backlog in Q1 2024; Phebe Novakovic Quoted

General Dynamics (NYSE: GD) has presented its first quarter 2024 results and reported that revenue and net earnings grew 8.6 percent and 9.5 percent year-over-year to $10.7 billion and $799 million. The company said Wednesday its operating earnings reached $1 billion, or 10.4 percent higher from a year ago, while company-wide backlog went up 4.4

Financial Reports

GovCon Index Averted a Weekly Loss Amid Wall Street’s Worst Week

Executive Mosaic’s GovCon Index advanced 1.08% before the weekend and averted a third consecutive losing week. The index, which tracks the stock performances of 30 major government contractors, ended at $4,786.97 for a 0.13% week-on-week gain. Wall Street concluded the week with a tech sell-off, and only the Dow Jones Industrial Average (+0.01%) yielded a gain.

Contract Awards

General Dynamics Land Systems Secures $297M Army M10 Booker System Technical Support Contract

A General Dynamics (NYSE: GD) subsidiary has received a potential five-year, $296.8 million contract from the U.S. Army to provide system technical support for the military branch’s M10 Booker combat vehicle. Army Contracting Command will obligate funds and determine work locations upon award of each task order and expects contract work to run through April