General Dynamics’ (NYSE: GD) information technology business will help the U.S. Army update virtual flight simulators and train military aviators under a potential 12-year, $1.7 billion contract awarded in March. The contract has a base term of five years and seven option years and will support the Army Center of Excellence that oversees the Fligh...
General Dynamics‘ (NYSE: GD) mission systems business has secured a five-year, $481.6 million contract to help the U.S. Army maintain a signals intelligence and electronic warfare system for ground military vehicles. The GDMS unit will provide sustainment services for the Prophet Enhanced Detecting System as part of the cost-no-fee, cost-plus-...
Jason Aiken, chief financial officer of General Dynamics (NYSE: GD), has been appointed to serve in the additional role of executive vice president of the company’s technologies segment. His leadership duties will expand at the start of 2023 and he will succeed Chris Marzilli, who has led the segment since 2019 and will retire after...
By Cameron Chehreh It has become a cliché to say digital technology has transformed every aspect of our lives and that businesses need to embrace digital transformation to compete in the marketplace. It has likewise become conventional wisdom to note that government agencies must digitize internal processes and external service delivery to fulfill ...
General Dynamics (NYSE: GD) booked a profit of $902 million for the third quarter of its 2022 fiscal year, 4.9% higher than the $860 million net earnings it reported over the same period in 2021. Revenue for the period climbed 4.3% to $9.98 billion from $9.57 billion. The aerospace and defense contractor said Wednesday diluted...
Carlo Zaffanella, a former General Dynamics (NYSE: GD) executive, has been named president and CEO of the maritime division at Ultra Electronics, according to his LinkedIn post published Sunday. He joins Ultra Maritime from General Dynamics’ mission systems business where he most recently oversaw its maritime and strategic systems portfolio. P...
The U.S. Army has selected General Dynamics (NYSE: GD) and Lockheed Martin (NYSE: LMT) to develop extended-range electronic warfare system concepts for the first leg of a potential $163 million prototype competition, Breaking Defense reported Thursday. Phase one of the Army’s Terrestrial Layer System-Echelons Above Brigade program is valued at...
General Dynamics (NYSE: GD) logged a $766 million profit for the second quarter of its 2022 fiscal year and $9.2 billion in revenue, figures respectively 3.9 percent higher and relatively flat compared to the same period last year. The Reston, Virginia-based defense contractor said Wednesday earnings totaled $2.27 per share, up 5.4 percent from the...
General Dynamics‘ (NYSE: GD) mission systems business was awarded a six-year, $273 million contract modification to perform technical engineering work required to manufacture subsystems of the fire control technology for U.S. and U.K. nuclear ballistic missile submarines. This award from the U.S. Navy’s Strategic Systems Programs office ...
Adam Razavian, a former executive at General Dynamics (NYSE: GD) and the U.S. Navy, has been appointed president and CEO of autonomous undersea vehicle builder MRV Systems. He took over the dual role from Neil Bogue, who has led MRV Systems since 2016 and will remain as chairman of its advisory board, the company said....
