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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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General Dynamics Lands $103M Contract Modification for Virginia-Class Subs Work

A General Dynamics (NYSE: GD) subsidiary will perform development studies and provide design and lead yard services for the U.S. Navy‘s Virginia-class submarines under a $102.9 million contract modification. The Defense Department said Tuesday Electric Boat Corp. will work to support maintenance, technology insertion, research and development and design improvements related to …

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General Dynamics-Led Team Tests Increment A4 of NASA SGSS; Manny Mora Comments

TYSONS CORNER, VA, November 17,  2015 — A team led by General Dynamics (NYSE: GD) has completed the integration, testing and deployment of NASA‘s Space Network Ground Segment Sustainment Increment A4 infrastructure, ExecutiveBiz reported Nov. 10. The company said Nov. 9 the team also finished acceptance testing on the wideband and narrowband modems …

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General Dynamics to Upgrade Australian Military Bridge System

TYSONS CORNER, VA, November 10,  2015 — A General Dynamics (NYSE: GD) subsidiary has received a $28 million contract from the Australian defense agency for the upgrade of a military floating bridge system, ExecutiveBiz reported Monday. The company said Thursday General Dynamics European Land Systems will provide its Improved Ribbon Bridge system to …

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General Dynamics Subsidiary Christens Newest Guided-Missile Destroyer

TYSONS CORNER, VA, November 4,  2015 — A subsidiary of General Dynamics (NYSE: GD) has christened the USS Rafael Peralta guided-missile destroyer during a ceremony at its shipyard in Maine, ExecutiveBiz reported Tuesday. The company said Monday General Dynamics Bath Iron Works will deliver the destroyer to the U.S. Navy in 2016. About Executive …

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General Dynamics 3Q Earnings, Revenue Above Wall Street Estimates; Phebe Novakovic on Acquisition Prospects

General Dynamics (NYSE: GD) — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported third quarter earnings of $2.28 per share, a figure 15 cents above Wall Street analyst forecasts and 23 cents higher than the prior year period. Third quarter profit rose 5.31 percent from the same period last …

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General Dynamics Subsidiary Lands Navy Yard Services Contract Modification

A General Dynamics (NYSE: GD) subsidiary has received a $24.1 million contract modification to provide planning yard services for the U.S. Navy‘s fleet of nuclear submarines and moored training ships. The modification falls under a potential $121.2 million contract the Navy awarded to General Dynamics Electric Boat in November 2011, …

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General Dynamics Task Order to Support DHA Services Systems Program Executive Office

TYSONS CORNER, VA, October 22,  2015 — The Defense Health Agency has awarded General Dynamics (NYSE: GD) a $23.2 million task order to provide production data processing, data validation operations and security for the Defense Health Services Systems Program Executive Office, ExecutiveBiz reported Wednesday. The Defense Department said Tuesday the work …

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