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Tag Archives: General Dynamics

General Dynamics Secures $509M Contract for Army Stryker Vehicle Configuration Update

General Dynamics (NYSE: GD) has received a potential $508.7 million firm-fixed-price contract to re-engineer the U.S. Army‘s fleet of Stryker ground combat vehicles. The Defense Department said Friday that the company will update an estimated 215 Stryker flat-bottom armored vehicles to a double-V hull engineering change proposal one configuration. DoD added the reconfiguration effort seeks to increase the mobility of the …

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October 5 Market Close: GovCon Index Gets Boeing, Services Stock Boosts as KBR Gets Upgrades After Selloff

Executive Mosaic’s GovCon Index traded higher Wednesday with Boeing (NYSE: BA) the largest contributor with services-oriented contractors also leaders of gains as U.S. stocks rose on investor confidence in a strengthening domestic economy after the release new data. GovCon Index advancers slightly edged laggers and seven of its 11 S&P 500 companies that include Boeing closed …

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General Dynamics Subsidiary Awarded $101M for Ohio Replacement Submarine Missile Tubes

A General Dynamics (NYSE: GD) subsidiary has been awarded a $101.3 million contract modification by the U.S. Navy to produce 22 tactical missile tubes for the Ohio Replacement Program. The Defense Department said Tuesday that General Dynamics Electric Boat will build the missile tubes to support the production of the Ohio-class submarine replacement’s common …

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October 4 Market Close: GovCon Index Falls on Defense Prime Declines, Strong Dollar and IMF Forecast Weigh on Markets

Executive Mosaic’s GovCon Index declined Tuesday with major defense primes and large services companies the major contributors to its losses as U.S. stocks also tumbled on a stronger dollar and a muted global outlook from the International Monetary Fund. GovCon Index gainers outnumbered laggers by a 2-to-1 ratio, McKesson Corp. (NYSE: MCK) was …

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Navy Awards Long-Lead Ship Materials Procurement Funds to General Dynamics, Huntington Ingalls

The U.S. Navy has awarded separate contract modifications to General Dynamics‘ (NYSE:GD) NASSCO subsidiary and Huntington Ingalls Industries‘ (NYSE:HII) Ingalls Shipbuilding division to obtain long-lead time materials needed for the production of two Navy ships. The Defense Department said Monday that Ingalls Shipbuilding will supply machinery control system components and software; cargo and aircraft elevators; …

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General Dynamics Secures $155M DIA Enterprise Comms Task Order

General Dynamics’ (NYSE: GD) information technology business has won a potential five-year, $154.7 million contract to provide enterprise communications services to the Defense Intelligence Agency’s directorate for information management and chief information officer. DIA received three proposals for the task order through the agency’s Enhanced Solutions for the Information Technology Enterprise contract vehicle, …

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General Dynamics, Universal Technology to Support Air Force Manufacturing, Industrial Tech R&D Program

General Dynamics‘ (NYSE: GD) information technology business and Universal Technology have won positions on a potential eight-year, $46.6 million contract to help the U.S. Air Force  research and develop manufacturing technology. The Defense Department said Wednesday the two companies will provide R&D services for the Manufacturing and Industrial Technologies program that aims to …

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September 28 Market Close: GovCon Index, US Stocks Move Green in PM Trade on Oil Supply Cut Reports

Executive Mosaic’s GovCon Index turned positive in mid-afternoon trade Wednesday along with U.S. stocks after reports surfaced that major oil producing countries reached an agreement to limit global supply with more details due in November. GovCon Index gainers outnumbered laggers at a 4-to-1 ratio and eight of its 11 S&P 500 companies …

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Navy Taps 5 Companies for SPAWAR C4I Software Support IDIQ

The U.S. Navy has awarded five companies potential five-year contracts to provide software and system maintenance support for the service branch’s command, control, communications, computers and intelligence systems. The Defense Department said Tuesday the Navy’s Space and Naval Warfare Systems Center Pacific received 15 proposals for the cost-plus-fixed-fee contracts, which …

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September 27 Market Close: GovCon Index Lifted By Defense Tech Maker Gains, Fitch Ratings Backs Sector

Executive Mosaic’s GovCon Index rebounded Tuesday on gains by defense technology makers as U.S. stocks also rose with jumps by technology and retail shares in conjunction with investor optimism on new consumer confidence data. GovCon Index gainers outnumbered laggers at a 4-to-1 ratio and all 11 of its S&P 500 companies advanced as co-listed stocks represented seven of …

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