Core Viewpoint - General Dynamics Corp. shares rose nearly 2% after Seaport Global Securities upgraded the stock to Buy from Neutral with a price target of $376, citing attractive entry points due to government budget debates and potential temporary shutdowns [1]. Group 1: Stock Upgrade and Market Reaction - Seaport Global Securities upgraded General Dynamics to Buy from Neutral, setting a price target of $376 [1]. - The stock experienced a nearly 2% increase intra-day following the upgrade [1]. Group 2: Government Budget Concerns - Near-term concerns regarding government budget debates and the possibility of a temporary shutdown were highlighted as attractive entry points for investors [1]. - Analysts noted that execution had improved, alleviating prior concerns, while investors remained cautious ahead of fiscal year-end budget negotiations [2]. Group 3: Company Fundamentals and Growth - The upgrade emphasized backlog growth driven by Pentagon priorities and improved backlog-to-revenue conversion [3]. - Incentive-based contracts were noted to support margins, indicating strengthening fundamentals for the company [3]. - With improving visibility, investors are beginning to focus on estimates for 2027–2028, where upside to consensus expectations is anticipated [3].

Core Viewpoint - Dassault Aviation has received authorization for a share buyback program aimed at enhancing shareholder value and supporting employee incentives, with a maximum buyback limit of 10% of its share capital [5][9][10]. Group 1: Company Overview - Dassault Aviation is a significant player in the aeronautics industry, capable of designing, producing, and supporting fighter aircraft, business jets, and other aviation instruments [3]. - In 2024, the company reported adjusted net sales of EUR 6.2 billion and an adjusted net income of EUR 1.056 billion [3]. Group 2: Share Buyback Authorization - The share buyback authorization was decided during the Combined General Meeting on May 16, 2025, and replaces the unused portion of the previous year's authorization [5]. - The company currently holds 175,162 of its own shares, representing 0.22% of its total share capital of 78,397,034 shares [7]. - The maximum number of shares that can be repurchased is 7,839,703, which is 10% of the total share capital [10][11]. Group 3: Purposes and Conditions of Buyback - The buyback aims to cancel shares to increase return on equity and earnings per share, allocate shares to employees, and stimulate market activity [9][16]. - The maximum purchase price for the shares is set at EUR 270 per share, with a total potential investment of EUR 2.116 billion based on the maximum number of shares [12][13]. - The buyback authorization is valid for 18 months, expiring on November 16, 2026 [15].