General Dynamics Corp.'s (GD) Land Systems business unit recently secured a contract to perform low-rate initial production (LRIP) of the M10 Booker combat vehicle. The award has been provided by the Army Contracting Command, Detroit Arsenal, MI. Valued at $322.7 million, the contract is expected to be completed by Oct 20, 2026. Work related to this deal will be executed in Sterling Heights, MI; Anniston, AL; and Lima, OH. What's Favoring General Dynamics? In this era of modern warfare, factors like widespr ...

Defense and aerospace companies can be underrated long-term investments. A handful of power players dominate the industry, enjoying competitive advantages thanks to their constant innovation, deep pockets, and strong ties to the U.S. government and its allies. The unfortunate reality is that America's strength protects America but it also creates global tension, which means that defense spending will likely be a priority for the U.S. government for the foreseeable future: The best part? You can own stock in ...

Details of the Deal The options included in this contract, on being exercised, should bring the cumulative value of this contract to $1.13 billion. Nations across the globe are fortifying their defense spending on military weapons and arsenals as they look to strengthen their defense capabilities. This also includes augmented spending on navy ships for enhanced sea warfare capabilities. Notably, General Dynamics' DDG-51 Arleigh Burke-class guided-missile destroyers witness significant demand owing to their ...

Not all dividend stocks are worthy of a royal title like Dividend Duke (a completely made-up term, by the way). Indeed, there are Dividend Kings who have raised dividends by at least 50 straight years, a feat that's impressive but quite hard to do. Not because dividend payers can't stand up to challenges (like recessions) thrown their way, but because many firms simply weren't public in the early-to-mid 1970s to be eligible for the Dividend King title. The future is uncertain, but that doesn't mean firms wi ...

Valued at $1.89 billion, the LVM project is a two-part contract — a vehicle acquisition contract and another inservice support contract over 25 years. Per the terms of the deal, the GDLS-Marchall Canada JV will supply more than 1,000 light trucks and approximately 500 heavy trucks to the CAF. Over the past few years, there has been a significant expansion in military spending by nations across the globe. This is because the countries are increasingly focused on modernizing and upgrading their defense system ...

Contracts totaling $2.58 billion Canadian ($1.88 billion U.S.) awarded to GDLS and partner LONDON, ON, June 7, 2024 /PRNewswire/ -- General Dynamics Land Systems (GDLS), a business unit of General Dynamics (NYSE:GD), has been awarded a contract along with joint venture partner Marshall Canada to provide the Canadian Armed Forces (CAF) a new fleet of light and heavy logistics vehicles. GDLS and Marshall Canada will deliver more than 1,000 light trucks and approximately 500 heavy trucks with associated equipm ...

"Betsy is assuming a greater leadership role, which reflects her strong contribution to our company," said Phebe N. Novakovic, chairman and chief executive officer. SOURCE General Dynamics RESTON, Va., June 6, 2024 /PRNewswire/ -- General Dynamics (NYSE:GD) announced today that Elizabeth L. Schmid has been appointed as senior vice president for Government Relations and Communications. General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in busines ...

In the latest trading session, General Dynamics (GD) closed at $299.45, marking a +0.72% move from the previous day. This move lagged the S&P 500's daily gain of 1.19%. On the other hand, the Dow registered a gain of 0.25%, and the technology-centric Nasdaq increased by 1.96%. Heading into today, shares of the defense contractor had gained 1.35% over the past month, lagging the Aerospace sector's gain of 3.34% and the S&P 500's gain of 3.35% in that time. Investors will be eagerly watching for the performan ...

General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people across 65 countries worldwide and generated $42.3 billion in revenue in 2023. More information about General Dynamics is available at www.gd.com. SOURCE General Dynamics RESTON, Va., June 5, 2024 /PRNewswi ...

General Dynamics Corp.'s (GD) business unit, Land Systems, recently secured a modification contract to provide technical support for Abrams System. The award has been provided by the Army Contracting Command, Detroit Arsenal, MI. Valued at 10.1 million, the contract is expected to be completed by May 16, 2025. Work related to this deal will be completed by Sterling Heights, MI. What's Favoring General Dynamics? Over the past few years, there has been a significant expansion in military spending by nations a ...