Search Results for: AM General

General Dynamics Subsidiary to Maintain and Repair 2 Nuclear Aircraft Carriers

The U.S. Navy has awarded General Dynamics’ (NYSE: GD) wholly-owned subsidiary Electric Boat  a $16.6 million contract to support nuclear aircraft carrier repair work at Norfolk Naval Shipyard inPortsmouth, Va. Electric Boat will provide about 100 skilled trades workers to perform maintenance and repair work on USS Truman and USS George W. Bush. The contract will …

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General Dynamics Wins $45M Air Force Contract for Remotely Piloted Vehicles

The U.S. Air Force has awarded  General Dynamics’ (NYSE: GD) IT business unit a firm-fixed-price contract potentially worth $45 million to develop and improve manufacturing processes for all aspects of remotely piloted vehicles and aircraft. The Air Force Research Laboratory at Wright-Patterson Air Force Base in Ohio is the contracting activity.

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General Dynamics Releases 2nd Quarter Financial Results; Johnson Comments

General Dynamics (NYSE: GD) released its second quarter 2011 financial results on July 27. The company reported its earnings from continuing operations increased 2.3 percent to $666 million, or $1.79 per diluted share, from $651 million, or $1.68 per diluted share, in the second quarter of 2010. Net earnings rose to $653 …

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General Dynamics Completes Acquisition of Fortress Technologies

General Dynamics (NYSE: GD) has completed its acquisition of wireless networking equipment provider Fortress Technologies, Inc. for an undisclosed amount. General Dynamics expects the move to increase its earnings beginning in 2012. General Dynamics C4 Systems will manage the acquired company, which employs around 70 workers. Massachusetts-based Fortress provides ruggedized and other …

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General Dynamics Added to $1.33B Defense Contract

General Dynamics (NYSE: GD) has been added to a $1.33 billion Defense Department contract that will supply Egypt with 125 armed Abram battle tanks. Thirty-five contractors will manage the production and fielding program in Egypt for up to three years. Honeywell International Inc. (NYSE: HON), which makes the tank engines, and Allison Transmission Inc. …

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General Dynamics to Further Renovate, Modernize USS Harpers Ferry

The U.S. Navy has awarded General Dynamics-National Steel and Shipbuilding Co. (NYSE: GD), San Diego, Calif., an $11, 705, 854 contract modification for the USS Harpers Ferry fiscal 2011 extended docking phased maintenance availability. NASSCO will extensively renovate and modernize the LSD-class ship with alterations and repairs. It will also inspect …

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General Dynamics to Release Quarterly Financial Results on July 27

General Dynamics (NYSE: GD) will webcast its second quarter 2011 financial results conference call on Wednesday, July 27, 2011, beginning at 9 a.m. EST. The company will review financial results for the second quarter of 2011 and will answer questions from financial analysts. Participants will include: Jay L. Johnson, chairman and chief …

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Lockheed, General Dynamics Added to $135M Army IDIQ

The U.S. Army has added Lockheed Martin (NYSE: LMT) and General Dynamics‘ (NYSE: GD) IT unit to a $135 million firm-fixed-price indefinite-delivery/indefinite-quantity multiple-award-task-order contract.   The award will be split between Lockheed, General Dynamics and three other companies. It is a modification of an existing contract to exercise a one-year option. The bid …

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General Dynamics Acquires Enterprise Services and Cloud Computing Provider; Johnson Comments

General Dynamics (NYSE: GD) has acquired enterprise services and cloud computing provider Network Connectivity Solutions, Corp. for an undisclosed amount. General Dynamics said the move should start increasing its earnings per share in 2012. Maryland-based NETCONN will join General Dynamics’ IT business unit, GDIT. NETCONN supports net-centric IT operations, including …

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General Dynamics to Provide Army with 1, 000 Motors

The U.S. Army has awarded General Dynamics Land Systems (NYSE: GD), Sterling Heights, Mich., an $8, 907, 389 firm-fixed-price contract modification to provide 978 sets of Azimuth brake motors. One bid was solicited, with one bid received. Work will be performed in Lima, Ohio, with an estimated completion date of May …

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