Citi Starts Coverage of General Dynamics (GD), Highlights Aerospace and Defense Tailwinds

Group 1: Company Overview - General Dynamics Corporation (NYSE:GD) is recognized as one of the 15 Best Blue-Chip Stocks with Growing Dividends [1] - The company is a global aerospace and defense entity that develops, builds, and supports advanced systems and products for defense, government, and commercial customers [4] Group 2: Recent Developments - Citi initiated coverage of General Dynamics with a Neutral rating and a price target of $371, highlighting the positive trends in the aerospace and defense sectors [2] - General Dynamics secured a significant contract modification worth $2.28 billion from the US Navy for additional work on Columbia-class fleet ballistic missile submarines, expected to continue until December 2031 [3] Group 3: Financial Performance - The company declared a quarterly dividend of $1.50 per share, maintaining its previous payout and extending its dividend growth streak to 28 consecutive years [4]