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General Dynamics Board Declares Dividend, Authorizes Share Repurchases

The General Dynamics (NYSE: GD) board of directors has declared a regular quarterly dividend of 47 cents per share on the company’s common stock. The dividend will be payable Aug. 5, 2011, to shareholders of record at the close of business July 1. The board also authorized management to repurchase …

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Navy Awards General Dynamics Deal to Continue Ship Development

The Navy has awarded General Dynamics National Steel and Shipbuilding Co. (NYSE: GD) $744, 129, 956 to continue designing and constructing two mobile landing platform ships. General Dynamics will conduct the majority of the work in San Diego, Calif., and is expected to finish by February 2014. The Naval Sea Systems Command, …

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General Dynamics Land Systems Picks up $16M Stryker Deal

The Defense Department announced General Dynamics Land Systems, the government-contracting giant’s (NYSE: GD) Sterling Heights, Mich.-based tankbuilder, has been awarded a $16.2 million contract to provide Stryker brigade combat team program management support. The $16, 239, 028 firm-fixed-price, level-of-effort contract was awarded with one bid solicited and one bid received. …

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General Dynamics Unit Names New VP to AxleTech Subsidiary

General Dynamics Armament and Technical Products, a business unit of General Dynamics (NYSE: GD), announced it has appointed Gerry Giudici vice president and general manager of its AxleTech International subsidiary. Giudici, who takes over for Mary Petrovich, will report to Michael Mulligan, the company’s president. The appointment will be effective …

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General Dynamics Celebrates 15 Years of Hydra

General Dynamics (NYSE: GD) marked a 15-year milestone this week manufacturing Hydra 70 air-to-ground rockets at the company’s Camden, Ark., plant with delivery of the four-millionth rocket. Since 1996, GD has been the only manufacturer of the Hydra. The contract to continue supplying the U.S. Army with Hydra rockets has …

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General Dynamics Land Systems Pick up $40M Abrams Tank Contract

General Dynamics Land System, the government-contracting giant’s (NYSE: GD) Sterling Heights, Mich.-based tankbuilder, was awarded a nearly $40 million Army contract to provide system technical support for the Abrams tank program. The cost-plus-fixed-fee contract, worth $33, 985, 782, will be performed in Sterling Heights with an estimated completion date of …

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General Dynamics Iron Works Awarded $29.9M Modification on Zumwalt Contract

General Dynamics (NYSE: GD) shipbuilding subsidiary Bath Iron Works in Bath, Maine, was awarded a not-to-exceed $29.9 million contract modification to a previously awarded contract for material and engineering for the Zumwalt-class guided missile destroyer, according to the Defense Department. Work will be performed at the shipyard’s headquarters along the …

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General Dynamics Submarine Division Awarded $33.5M Modification for Sub R&D

General Dynamics Electric Boat Corp. of Groton, Conn., was awarded a $33.5 million modification on a Navy engineering contract for advanced submarine technologies, according to the Defense Department. GDEB, a division of government-contracting giant General Dynamics (NYSE: GD), is the primary shipbuilder for the Navy’s fleet of submarines. Advanced submarine …

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General Dynamics Books CMS Work

General Dynamics (NYSE: GD) Information Technology booked a deal to continue providing claims processing support to the Department of Health and Human Services’ Centers for Medicare and Medicaid Services. The contract has a total potential value of $95 million over five years if all options are exercised. “General Dynamics’ 30-year …

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General Dynamics Wins Lucrative Enterprise IT Deal

General Dynamics (NYSE: GD) Information Technology booked a five-year deal worth $83.6 million to provide information technology enterprise network services to the U.S. Special Operations Command. The contract has a ceiling value of $125 million. “General Dynamics’ cadre of IT professionals, experienced with worldwide IT operations, will provide unparalleled support …

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