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Search Results for: General Dynamics

General Dynamics Gets $171M Army Stryker Weapon System Simulator Contract

General Dynamics’ (NYSE: GD) land systems business unit has won a $170.7 million contract to produce a simulator for the Raytheon-built (NYSE: RTN) weapon system onboard Stryker vehicles. The U.S. Army awarded the cost-plus-fixed-fee contract following an Internet-based solicitation and will determine the funding with each order, the Defense Department said …

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General Dynamics Posts 22% Profit Bump for 2015 as 4Q, Full-Year Earnings Exceed Street’s Outlook

General Dynamics (NYSE: GD) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported an increase of around 22 percent in both earnings per share and profit for its 2015 fiscal year compared to 2014 results. The Falls Church, Va.-based defense contractor stated $9.08 earnings per …

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General Dynamics’ Manpack Radio Supports Lockheed MUOS Tests

TYSONS CORNER, VA, January 14, 2016 — The U.S. Army has used General Dynamics’ (NYSE: GD) two-channel AN/PRC-155 Mobile User Objective System manpack radio during a demonstration of the Lockheed Martin-built (NYSE: LMT) MUOS satellite network, ExecutiveBiz reported Wednesday. “These radios connect the new MUOS network, bridging lower-tier tactical networks… to the big Army network, reaching back to …

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General Dynamics Receives FedRAMP Certification for GDIT Cloud; Marcus Collier Comments

TYSONS CORNER, VA, January 13, 2016 — General Dynamics’ (NYSE: GD) GDIT Cloud has received certification under the Federal Risk and Authorization Management Program for deployment at government agencies, ExecutiveBiz reported Tuesday. The company said Monday the cloud platform works to provide its users security and network visibility through proactive monitoring. “The …

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General Dynamics Unit to Provide Post-Prod Support to Denmark’s Military Ground Vehicles

TYSONS CORNER, VA, January 6, 2016 — General Dynamics‘ (NYSE: GD) European land systems business will provide post-production support for the Danish army’s Piranha 3, Duro IIIP and Eagle IV armored vehicles under a new framework contract, ExecutiveBiz reported Tuesday. The company said Monday the contract covers maintenance, repair, overhaul, …

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Army Deploys Upgraded General Dynamics-Built Tactical Comms Network

TYSONS CORNER, VA, December 18, 2015 — The U.S. Army has implemented the updated General Dynamics-built (NYSE: GD) Warfighter Information Network-Tactical system to support tactical voice, data and video communications, ExecutiveBiz reported Thursday. The Army said Tuesday the WIN-T Increment 1 upgrade includes tactical communications hardware consolidated into virtualized servers. About Executive …

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General Dynamics Lands $72M Army Logistics Contract Modification for Iraq’s Combat Vehicles

General Dynamics’ (NYSE: GD) land systems business unit has secured a potential one-year, $72.5 million contract modification from the U.S. Army to provide training and logistics support for Iraq’s Abrams M1A1 battle tanks and M88 recovery vehicles. The Army Contracting Command will obligate funds and determine work locations upon award of each …

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General Dynamics Lands $92M Army Contract to Produce Abrams Tanks

General Dynamics’ (NYSE: GD) land systems business unit has secured a potential two-year, $92 million contract to build six Abrams M1A2 battle tanks for the U.S. Army. The Army Contracting Command awarded the fixed-price-incentive contract and will obligate $20 million from other procurement funds for fiscal 2015 at the time …

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General Dynamics Board OKs Plan to Repurchase 10M Shares

The board of directors at General Dynamics (NYSE: GD) has approved a plan to buy back up to 10 million additional shares of company stock in the open market,  according to a press statement released Wednesday. The company repurchased about 7.15 million outstanding shares during the third quarter of 2015 and has bought back …

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General Dynamics Receives $80M AF Air Defense Comms Contract; Edward Hudson Comments

General Dynamics (NYSE: GD) has received a five-year, $80 million contract to maintain the U.S. Air Force’s air defense communications program. General Dynamics Information Technology will work to manage and provide logistics support for the North American Aerospace Defense Command and Pacific Air Forces Air Defense’s communications systems, the company …

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