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General Dynamics Gets $191M in Navy Contract Actions for Submarine Post-Delivery Services

General Dynamics (NYSE: GD) Electric Boat business received three contract actions worth approximately $191.2M combined to provide post-delivery support services for the U.S. Navy’s USS South Dakota (SSN 790) Virginia-class nuclear submarine. The Department of Defense said Monday the company will provide planning, execution and alteration support for the submarine through a …

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General Dynamics Gets Two $1.36B Contracts for Army Stryker Logistics, Repair Services

General Dynamics’ (NYSE: GD) land systems business has secured two separate five-year contracts worth $1.36B each to provide support services for the U.S. Army’s Stryker combat vehicles. The Department of Defense said Thursday the company will provide damage repair, reset-refurbishment and retrofit support services for the Strykers under the first …

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General Dynamics IT Awarded $99M FAA National Airspace System Infrastructure Modernization IDIQ

General Dynamics’ (NYSE: GD) information technology business, has received a potential seven-year, $99M contract from the Federal Aviation Administration to design, install and maintain FAA’s Data, Visualization, Analysis and Reporting System. The company said Tuesday the indefinite-delivery/indefinite-quantity contract has a two-year base term and five option years. “Through this contract, …

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General Dynamics Gets $491M DISA Network Infrastructure Support BPA; Leigh Palmer Quoted

General Dynamics‘ (NYSE: GD) information technology business has received a potential five-year, $491M blanket purchase agreement from the Defense Information Systems Agency to support DISA’s Joint Service Provider Enterprise Transport Management-Next Generation program. GDIT said Tuesday it will continue to operate, manage, deploy and maintain network infrastructure of the Pentagon and …

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McAleese & Associates: General Dynamics Projects 2019 CapEx to Rise to $1.2B Driven by Submarine Programs

A new report by consulting firm McAleese & Associates says General Dynamics (NYSE: GD) posted $36.2B in full-year 2018 sales, up 17 percent from the previous year. Jim McAleese, founder and principal at McAleese & Associates and a 2019 Wash100 winner, wrote in the report that the increase was primarily driven by $3.7B in …

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EverWatch Names Fred Funk as Chief Growth Officer, Diane Nguyen as CFO

EverWatch has announced the appointment of Fred Funk, a three-decade defense and intelligence veteran, as chief growth officer, and Diane Nguyen, a more than 25-year financial executive, as chief financial officer. Funk co-founded KEYW and previously served as former president of ASRC Federal’s cyber and signals intelligence systems division, the …

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Thomas Lydon Named Aviation Solutions Division President at VT Group

Thomas Lydon, formerly a senior vice president at Sabre Systems, has joined Chantilly, Va.-based technology integrator VT Group as president of the newly established aviation solutions division. He will oversee the combined business of VT Group’s global aviation services and the logistics and engineering capabilities of the newly acquired National Technologies …

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Tyler Technologies Inks $185M Cash Deal to Buy MicroPact; Lynn Moore Quoted

Public sector software provider Tyler Technologies (NYSE: TYL) has agreed to purchase MicroPact from Arlington Capital Partners for approximately $185M in cash in a move to broaden its footprint in the federal government sector. Plano, Texas-based Tyler said Friday the companies expect to close the transaction on March 15, subject …

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PwC: Aerospace, Defense Sector Recorded $57.8B in 2018 M&A Deal Value

A new PwC report says the value of mergers and acquisitions in the aerospace and defense sector worldwide reached $57.8B in 2018, reflecting a 19 percent drop from the previous year. Despite the decline, PwC said the deal value in 2018 was 83 percent higher than the 10-year average and the third largest in …

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GD Electric Boat, HII, Oceaneering Win Navy Submarine Safety Support Contracts

A General Dynamics (NYSE: GD) subsidiary, Huntington Ingalls Industries (NYSE: HII) and Oceaneering International (NYSE: OII) have received five-year contracts to support safety and material work aboard the U.S. Navy’s submarines. The Defense Department said Wednesday the indefinite-delivery/indefinite-quantity contracts cover support for Virginia-class, Seawolf-class, Ohio-class and Los Angeles-class submarines. The contractors …

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