GD Stock Recent News
GD LATEST HEADLINES
FALLS CHURCH, Va. , Sept. 19, 2024 /PRNewswire/ -- General Dynamics Information Technology (GDIT), a business unit of General Dynamics (NYSE:GD), announced today that it was awarded a $299 million contract to continue supporting the Pentagon's network infrastructure.
GD's unit, General Dynamics NASSCO, secures a contract with the U.S. Navy to manufacture up to eight additional John Lewis-class fleet replenishment oilers.
NASSCO is currently under contract for the first nine ships of the class, and has delivered three to date. With this award the company will build seventeen of the Navy's twenty-ship program of record.
The latest trading day saw General Dynamics (GD) settling at $302.40, representing a +0.28% change from its previous close.
The defense industry is transforming as it invests in technology. Lockheed Martin is benefiting as it restarts deliveries of the F-35 Lighting.
GD receives a $496 million deal from the SDA to carry out design, engineering studies and technical augmentation for the GMI program's integrated ground system.
As conflicts bloom around the globe, demand for missiles -- and missile engines to power them -- is booming. One problem: Missile engine makers Northrop Grumman and L3Harris can't keep up with demand.
General Dynamics reports strong second quarter results, with revenue growth and margin expansion across all key metrics. The Aerospace segment sees a significant revenue increase, but margin pressure due to G700 costs, while Combat Systems and Marine Systems also show growth. General Dynamics increases earnings and revenue guidance, with stock expected to have 8% upside according to analyst estimates.
Members of the U.S. Senate, Congress, and House of Representatives have reported several suspicious trades in 2024, which could show a direct conflict of interest and be labeled as insider trading once their decisions could affect stock performances.
Lockheed Martin and General Dynamics on Tuesday announced an agreement to build solid rocket motors amid an ongoing shortage that has capped production of missiles.