The State Department has cleared a potential $500M foreign military sale of L3Harris Technologies-built (NYSE: LHX) mission systems for integration onto Gulfstream G550 aircraft to support Italy's airborne intelligence, surveillance, reconnaissance and electronic warfare missions.
Read More »Gulfstream Receives $127M Air Force C-37B Airlifter Delivery Order
Gulfstream Aerospace, a subsidiary of General Dynamics (NYSE: GD), has secured a $127.4M delivery order to provide two aircraft for the U.S. Air Force to transport top government officials to destinations around the world.
Read More »August 1 Market Close: GovCon Index Lifted on Engility, General Dynamics & Cubic Gains
Executive Mosaic’s GovCon Index traded higher Monday in mixed activity for U.S. stocks as Engility Holdings (NYSE: EGL) surged on a second quarter earnings beat with General Dynamics (NYSE: GD) and Cubic Corp. (NYSE: CUB) also as top performers. The GovCon Index added 0.252 points to 82.500 with four of the GCI’s 11 …
Read More »Leda Chong Appointed Gulfstream Government Programs & Sales SVP; Mark Burns Comments
General Dynamics (NYSE: GD) subsidiary Gulfstream Aerospace has appointed Leda Chong, formerly senior vice president for strategic planning, as SVP for government programs and sales. Gulfstream said Wednesday Chong will report to Gulfstream President Mark Burns and oversee global government and special mission sales and marketing, business development and international relations. “During Leda’s tenure …
Read More »General Dynamics’ Gulfstream Gets $112M Aircraft Logistics Support Contract Extension
A General Dynamics (NYSE: GD) subsidiary will continue to provide logistics support for the C-20 and C-37 fleet of the U.S. Air Force, Army, Coast Guard, Marine Corps and Navy under a $111.6 million contract modification. The Defense Department said Thursday the modification is for a 12-month extension on a previously awarded contract …
Read More »General Dynamics 3Q Earnings, Revenue Above Wall Street Estimates; Phebe Novakovic on Acquisition Prospects
General Dynamics (NYSE: GD) — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported third quarter earnings of $2.28 per share, a figure 15 cents above Wall Street analyst forecasts and 23 cents higher than the prior year period. Third quarter profit rose 5.31 percent from the same period last …
Read More »Air Force Awards Three JSTARS Prototyping Contracts
Three industry teams have received $31.4 million in contracts to help the U.S. Air Force develop prototypes and risk reduction strategies for its future Joint Surveillance Target Attack Radar System aircraft, Defense News reported Friday. Aaron Mehta writes the military service awarded $9.9 million to Boeing (NYSE: BA), $10 million …
Read More »GKN to Acquire Dutch Aircraft Manufacturer Fokker for $780M
GKN has agreed on the estimated $779.6 million acquisition of Arle Capital‘s Fokker Technologies company as part of GKN’s efforts to establish its business as a global supplier to the aerospace sector. GKN said Tuesday its aerospace business will absorb Fokker as an operating unit following the close of the acquisition scheduled …
Read More »Northrop, General Dynamics, L-3 Team Up for JSTARS Recap Bid
TYSONS CORNER, VA June 16, 2015 — Executive Mosaic — Northrop Grumman (NYSE: NOC), General Dynamics (NYSE: GD) and L-3 Communications have teamed up to prepare for a joint bid on the U.S. Air Force’s Joint STARS recap program. The alliance seeks to leverage Northrop’s C2 battle management experience, General Dynamics’ Gulfstream …
Read More »Jason Aiken Appointed General Dynamics CFO, Hugh Redd to Retire
Jason Aiken, senior vice president and chief financial officer of General Dynamics‘ (NYSE: GD) Gulfstream subsidiary, has been elected by the board of directors to serve as CFO of General Dynamics starting Jan, 1. 2014. The 11-year company veteran will succeed Hugh Redd, who will retire from the company after …
Read More »