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Tag Archives: General Dynamics

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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Defense Logistics Agency Picks 142 Companies for Potential $6B IT Services IDIQ

The Defense Logistics Agency has awarded 142 companies positions on a potential eight-year, $6 billion contract to compete for a range of information technology task orders in support of DLA and other Defense Department agencies. DLA awarded the indefinite-delivery/indefinite-quantity contract through a competitive procurement process and will obligate defense working capital …

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General Dynamics Gets $126M Navy Contract Extension for DDG 51 Destroyer Modernization Support

General Dynamics’ (NYSE: GD) Bath Iron Works subsidiary has received a potential one-year, $126 million contract extension from the U.S. Navy to continue to provide post-delivery modernization support for Arleigh Burke-class (DDG 51) destroyer ships. The contract contains a six-month option and will run through December 2017, General Dynamics said Monday. …

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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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State Dept Clears $1.7B Main Battle Tank Recapitalization Deal for Kuwait

The State Department has approved Kuwait’s request to buy equipment and support services for the recapitalization of 218 General Dynamics-built (NYSE: GD) Abrams M1A2 main battle tanks under a potential $1.7 billion foreign military sales agreement with the U.S. government. The Defense Security Cooperation Agency said Tuesday the deal covers 240 .50 Cal M2A1 machine guns, 480 7.62mm M240 …

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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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Weekly Roundup December 5 – December 9, 2016: Vectrus Brings Aboard New CEO & more

December 5 – December 9, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson GovCon industry leaders and observers welcomed Vectrus to the government services landscape in the autumn of 2014 and this week marks the beginning of a new era for …

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