Tag Archives: GD

General Dynamics Subsidiary Receives $147M Navy Modification for Columbia-Class Submarine Design Support

General Dynamics‘ (NYSE: GD) Electric Boat subsidiary has received a $146.7 million contract modification to provide design support for the U.S. Navy‘s Columbia-class submarines. The Defense Department said Thursday the award covers design work; shipbuilder, vendor component and technology development; engineering integration; concept design studies; cost-reduction initiatives; and full-scale prototype manufacturing and assembly. Electric …

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General Dynamics Secures $82M Contract to Update Army M1A2 Tanks

General Dynamics‘ (NYSE: GD) land systems business has secured an $82.4 million contract to convert the U.S. Army‘s M1A2 Abrams main battle tanks to the M1A2S configuration. The Defense Department said Friday contract work will occur in Lima, Ohio and in Sterling Heights, Michigan through March 29, 2019. The Army Contracting Command received …

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December 16 Market Close: GovCon Index Flat, Snaps 5-Week Gain Streak in Volatile US Stock Trading Session

Executive Mosaic’s GovCon Index swung to negative territory in a volatile afternoon session for U.S. stocks Friday as equities retreated from morning gains after reports surfaced that China’s navy seized a U.S. unmanned underwater drone in the South China Sea. The GovCon Index’s streak of five consecutive weekly gains also ended Friday but …

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December 13 Market Close: GovCon Index Lower, S&P 500 Higher as Federal Reserve Meeting Gets Underway

Executive Mosaic’s GovCon Index closed lower Tuesday in a session that saw the U.S. stock bellwether S&P 500 close at an all-time record high as investors restarted post-election buying activity in sectors they expect to see growth under a Donald Trump administration. Tuesday’s flat movement by the GCI follows Monday’s 1-percent decline as …

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Lockheed Down 5% at Midday, GovCon Index 2% Lower After Trump’s F-35 Twitter Criticism

Shares in Lockheed Martin (NYSE: LMT) traded down approximately 5 percent as noon Eastern time approached Monday after President-elect Donald Trump criticized the F-35 Joint Strike Fighter program on Twitter in the early morning hours. “The F-35 program and cost is out of control. Billions of dollars can and will …

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December 9 Market Close: GovCon Index Rises, Posts 6th Straight Weekly Gain

Executive Mosaic’s GovCon Index advanced Friday to complete its sixth consecutive weekly gain in an extended post-election climb that has seen the GCI hit a series of record high closes. The GCI has risen 14.75 percent over six weeks with the U.S. stock bellwether S&P 500 composite index up 6.26 percent …

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General Dynamics’ Dan Johnson Presents Award to Small Biz Partner Cosmos IT Solutions

TYSONS CORNER, VA, Dec. 9, 2016 — General Dynamics‘ (NYSE: GD) information technology business has named IT consulting provider Cosmos IT Solutions as a “high-performing” small business subcontractor in recognition of its work in the past year, GovCon Executive reported Thursday. GDIT President Dan Johnson presented the award during a ceremony at GDIT’s headquarters …

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December 8 Market Close: GovCon Index Drops on Steep Prime Declines, SAIC Climbs on Earnings Beat

Executive Mosaic’s GovCon Index tumbled Thursday on steep losses among several of its large-cap prime components as U.S. stocks posted a small advance to a new record high close with financial shares the top performers at a 1-percent gain and industrials the largest laggards. Thursday’s decline puts the GCI below 90 points after a …

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December 6 Market Close: GovCon Index Up on Continued Mid-Tier Defense, Services Gains

Executive Mosaic’s GovCon Index reversed its morning decline to close higher Tuesday in a second straight session of contributions by mid-tier platform and services contractors against flat or red movements by large defense primes. GovCon Index gainers outnumbered decliners by a 4-to-1 ratio and six of its 11 S&P 500 stocks …

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Boeing to Acquire Liquid Robotics, Maker of Autonomous Maritime Vehicle ‘Wave Glider’

Boeing (NYSE: BA) has agreed to purchase Sunnyvale, Calif.-based autonomous maritime vehicle manufacturer Liquid Robotics for an undisclosed sum in the airplane maker’s strategy to create new information services functions between the ocean and space. Boeing said Tuesday its acquisition of the company behind the Wave Glider ocean surface robot also aims to continue a partnership …

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