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Search Results for: General Dynamics

GD Electric Boat Wins Potential $881M Nuclear Submarine Award

The U.S. Navy has awarded General Dynamics‘ (NYSE: GD) subsidiary Electric Boat a $91.2 million contract modification to provide lead-yard services for Virginia-class nuclear-powered attack submarines. The contract has a potential value of $881 million through 2014 if all options are exercised and funded. Electric Boat will develop, maintain and update design drawings and …

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Four Major Defense Contractors Report 3rd Quarter Earnings Growth

Four of the largest American defense contractors released third quarter financial results on Oct. 26, 2011. Lockheed Martin (NYSE: LMT) Northrop Grumman (NYSE: NOC) General Dynamics (NYSE: GD) Boeing (NYSE: BA) Lockheed Martin reported $665 million in earnings from continuing operations, an increase of 19 percent from the third quarter of …

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GDIT Wins Max $86M DIA Cybersecurity Task Order; Thomas Kirchmaier Comments

General Dynamics‘ (NYSE: GD) IT business unit  has won a potential $86 million task order to provide worldwide information assurance and cybersecurity services to the Defense Intelligence Agency. GDIT will ensure the security, authenticty, integrity and confidentiality of DIA information and provide computer network defense of the DIA’s enterprise-level assets. The single-award …

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Forbes Raves About ‘Virginia Mecca’ of Defense Contractors

Forbes.com recently sought out to answer why northern Virginia has become the mecca for military contractors. The publication identifies the 1991 migration of General Dynamics from St. Louis to Falls Church, Va., as the start of a domino effect that has seen the majority of the 20 largest U.S. military contractors …

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VSE Wins Potential $1.5B Contract From US Naval Sea Systems

VSE Corporation (NASDAQ: VSEC) has won a one-year $277 million cost-plus-award-fee, indefinite-delivery and quantity contract from the U.S. Naval Sea Systems Command. The contract options, if exercised, have a potential value of $1.5 billion over a five-year period. Per the contract, VSE will provide continuous lifecycle support for naval vessels bought, …

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GovCon Wire’s September Executive Move Recap

Boeing‘s (NYSE: BA) board of directors appointed former Continental Airlines CEO Lark Kellner as a new director of the board, where he will serve on the audit and finance committees. Computer Sciences Corp. (NYSE: CSC) appointed Alan Weakley president of its North American public sector defense group, where he will lead strategic direction, planning …

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GDIT to Provide Command, Control Services in Korea

The U.S. Army has awarded General Dynamics’ (NYSE: GD) IT business unit a $16, 443, 478 firm-fixed-price contract to provide command, control, communications and computer information systems maintenance for the 1st Signal Brigade throughout the Korean peninsula. Work will be performed in Korea with an estimated completion date of September …

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GovCon Wire’s September M&A Activity Recap; Contractors Active Across Industry

While no clear sector focus dominated the merger and acquisition landscape in September, government contractors remained busy, closing on several interesting healthcare and cybersecurity deals and divesting some operations. The eight acquisitions GovCon Wire recorded were down from the 11 reported in August, but executive moves ramped up to seasonal …

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GDAIS Wins Potential $87M Award to Develop Anti-Mine Unmanned Underwater Vehicle

General Dynamics‘ (NYSE: GD) advanced informational systems business unit has won a potential $86, 719, 986 U.S. Navy contract to engineer, manufacture and develop a surface mine countermeasure unmanned underwater vehicle. The SMCM UUV system will enhance the capabilities of the fleet mine warfare commander and address the Navy’s need to …

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GDIT to Provide Management Services to Veterans Brain Injury Center

General Dynamics‘ (NYSE: GD) IT business unit will provide program management services to the Defense and Veterans Brain Injury Center on a five-year $14.3 million task order with TRICARE. The company will provide program administration, conference planning, strategic communications and accounting support. Through the TRICARE evaluation, analysis and management support indefinite-delivery/indefinite-quantity contract …

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