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Tag Archives: GD

Jim Bottorff Named HighPoint Global CFO

Jim Bottorff, formerly chief financial officer for North America at Idemia, has been appointed to the same role at citizen experience and federal information technology systems provider HighPoint Global. He will lead HighPoint’s financial and accounting operations and strategies in support of the company’s efforts to further develop and deliver …

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PwC Report: Global Aerospace and Defense M&A Deal Value Reached $4B in Q1 2019

A new PwC report says the value of global mergers and acquisitions in the aerospace and defense sector was $4B in the first quarter of 2019, down 73 percent from the prior year period and 45 percent lower than the 10-year average. PwC said the number of M&A deals in the A&D …

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Robert Smith to Lead General Dynamics Marine Systems Segment; Phebe Novakovic Quoted

Robert Smith, president of General Dynamics’ (NYSE: GD) Jet Aviation subsidiary, has been named executive vice president of the company’s marine systems segment in a move that will take effect on July 1. He will succeed the retiring John Casey, a shipbuilding industry veteran and former president of General Dynamics …

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General Dynamics, Northrop Get Army Contract Modifications for Tank Training Ammo Cartridges

General Dynamics (NYSE: GD) and Northrop Grumman (NYSE: NOC) have secured contract modifications from the U.S. Army to supply new and recapitalized cartridges for 120mm tank training ammunition. The service awarded a potential $58.9M modification to General Dynamics’ ordnance and tactical systems business and a $36.8M modification to Northrop’s innovation …

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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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