Tag Archives: GD

May 31 Market Close: GCI Declines, Ends 4th Straight Month in Positive as New Tanker Delay Drags Boeing Shares

The GovCon Index posted a decline of 0.398 points to 78.106 Tuesday on losses by Boeing (NYSE: BA) and other large defense prime contractors but ended at a gain for May to record its fourth straight month of positive movement. The Index rose 2.523 percent for May and has climbed 7.763 percent …

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S&K Aerospace Gets $269M AF Contract Modification for ‘Parts and Repair Ordering System’ Services

Montana-based tribally owned business S&K Aerospace has landed a $269 million contract modification from the U.S. Air Force to support the service branch’s Parts and Repair Ordering System IV. The contract will work to address continuity of service requirements until the Air Force issues a follow-on source selection, the Defense Department said Monday. …

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Parsons VP Marianne Meins Named Federal Cyber Intell & Operations Sector Manager; Biff Lyons Comments

Marianne Meins, a vice president at Parsons, has been appointed as manager of the company’s federal cyber intelligence and operations sector. Meins, formerly a business development manager at Parsons’ defense and security division, will lead the company’s business activities with the intelligence community, Parsons said Monday. She has more than 25 years of leadership …

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General Dynamics Buys Undersea Drone Maker Bluefin Robotics; Chris Marzilli Comments

General Dynamics has purchased unmanned undersea vehicle manufacturer Bluefin Robotics for an undisclosed amount in a push to add new autonomous technology manufacturing capability. Bluefin will become a part of General Dynamics’ maritime and strategic systems line of business within the mission systems unit, General Dynamics said Monday. Founded in 1997, Bluefin manufactures 50 configurations …

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General Dynamics Promotes Phebe Novakovic to President, COO

General Dynamics’ (NYSE: GD) board of directors elected Phebe Novakovic as president and chief operating officer, effective May 2. The Falls Church, Va. based contractor said on Thursday that Novakovic will report directly to chairman and CEO Jay L. Johnson. Johnson said Novakovic will help him oversee and manage the …

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General Dynamics Wins $663M to Produce Navy Destroyer

General Dynamics subsidiary Bath Iron Works won a $663 million U.S. Navy contract modification to produce a guided missile destroyer, General Dynamics announced Tuesday. Bath Iron Works will construct DDG 116, the fourth ship in the Navy’s Arleigh Burke-class construction-continuation program. Bath Iron Works is also contracted to produce DDG …

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General Dynamics Wins $54M for USS California Long-Lead Procurement

The U.S. Navy has awarded General Dynamics‘ (NYSE: GD) Electric Boat subsidiary a $54, 453, 657 contract modification to plan and execute the USS California’s “post shakedown availability, ” the Pentagon announced Friday. The Pentagon said Electric Boat’s work will include long-lead time material procurement in preparation to accomplish work …

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Four Major Defense Contractors Report 3rd Quarter Earnings Growth

Four of the largest American defense contractors released third quarter financial results on Oct. 26, 2011. Lockheed Martin (NYSE: LMT) Northrop Grumman (NYSE: NOC) General Dynamics (NYSE: GD) Boeing (NYSE: BA) Lockheed Martin reported $665 million in earnings from continuing operations, an increase of 19 percent from the third quarter of …

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General Dyanmics Snags Air Force Deal

According to the Department of Defense, “General Dynamics (NYSE: GD) is being awarded a maximum $45, 500, 000 cost plus fixed fee IDIQ which will provide Air Force Research Laboratory Materials and Manufacturing Directorate Technology division with a contract vehicle related to evolving materials and manufacturing technology.  At this point, …

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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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