Search Results for: General Dynamics

McAleese & Associates: General Dynamics Projects 2019 CapEx to Rise to $1.2B Driven by Submarine Programs

A new report by consulting firm McAleese & Associates says General Dynamics (NYSE: GD) posted $36.2B in full-year 2018 sales, up 17 percent from the previous year. Jim McAleese, founder and principal at McAleese & Associates and a 2019 Wash100 winner, wrote in the report that the increase was primarily driven by $3.7B in …

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BAE, General Dynamics, HII to Extend Amphibious Ship Maintenance Work Under $407M Navy Contract Option

The U.S. Navy has exercised the third option period on indefinite-delivery/indefinite-quantity contracts with BAE Systems, General Dynamics (NYSE: GD) and Huntington Ingalls Industries (NYSE: HII) to maintain the military branch’s amphibious ships. Each contractor will have the chance to vie for complex, emergent and continuous maintenance orders under firm-fixed-price contract modifications, the Department of Defense …

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General Dynamics Unit Plans New PNT Engineering, Manufacturing Hub in Colorado

TYSONS CORNER, VA, February 7, 2019 — A General Dynamics (NYSE: GD) business will establish a new 18.5K-square-foot facility in Colorado to house research, development, engineering, production, sales, finance, marketing and administration operations, ExecutiveBiz reported Wednesday. General Dynamics Mission Systems said Tuesday its GPS Source subsidiary will have approximately 100 personnel …

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General Dynamics to Continue Arleigh Burke-Class Destroyer Yard Services Under Potential $719M Navy Contract

General Dynamics’ (NYSE: GD) Bath Iron Works subsidiary has received a potential five-year, $719M contract to extend planning yard services for the U.S. Navy’s Arleigh Burke-class guided missile destroyers. The contract has a one-year base value of $126M and covers DDG 51 logistics, design, material kitting, planning and execution support, the company …

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General Dynamics Allots $1B CapEx Budget for Submarine Construction Updates

TYSONS CORNER, VA, February 1, 2019 — General Dynamics (NYSE: GD) has unveiled a plan to reinvest $1B into its manufacturing operations in 2019 as part of a capital expenditure strategy that includes the further development of submarine construction capabilities, ExecutiveBiz reported Thursday. USNI News reported Wednesday that the funds will …

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General Dynamics Subsidiary Gets $402M Contract for Army Ground Vehicle Technical Support

General Dynamics‘ (NYSE: GD) land systems subsidiary has received a potential five-year, $402.1M contract to provide technical support services for the U.S. Army’s fleet of Stryker ground combat vehicles. Work under the cost-plus-fixed-fee contract is scheduled to conclude Jan. 31, 2024, the Department of Defense said Thursday. The Army will …

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BAE, General Dynamics, HII to Extend Navy Surface Combatant Maintenance Services

BAE Systems, Huntington Ingalls Industries (NYSE: HII) and General Dynamics (NYSE: GD) NASSCO subsidiary have received $90.2M in total contract modifications to help the Chief of Naval Operations maintain surface combatant vessels stationed in San Diego. All three contractors will continue to bid for complex, emergent and continuous maintenance delivery orders …

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General Dynamics Secures $156M F-35 IT Network Support Order; Leigh Palmer Quoted

General Dynamics‘ (NYSE: GD) information technology business has received a potential $155.6M task order from the U.S. Navy’s Naval Air Warfare Center Aircraft Division to support a virtual enterprise network for the F-35 Joint Program Office. The company said Thursday it will provide IT, information assurance and cybersecurity services under the task order with …

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General Dynamics Mission Systems to Supply WIN-T Replenishment Spares for Army

TYSONS CORNER, VA, January 24, 2018 — A General Dynamics (NYSE: GD) business unit will deliver replenishment spares for the Warfighter Information Network-Tactical communications system under a $26.8M contract from the U.S. Army, ExecutiveBiz reported Wednesday. The Department of Defense said Tuesday General Dynamics Mission Systems will perform work under the firm-fixed-price contract …

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General Dynamics to Support Joint Staff Training Under Potential $501M IDIQ; Rich Farinacci Quoted

General Dynamics‘ (NYSE: GD) information technology business has landed a spot on a potential $501M contract vehicle from the Department of Defense to support joint force development programs. The company said Friday it will compete for task orders to provide cybersecurity, planning, execution and analysis services for Joint Chiefs of Staff ‘s J7 …

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