Core Insights - General Dynamics Corporation (NYSE:GD) is recognized as one of the safest stocks to invest in, bolstered by hedge fund interest and a strong return on equity [1][4] Group 1: Recent Developments - On September 29, Seaport Global Securities upgraded General Dynamics from Neutral to Buy, raising the price target to $376 [2] - The company was awarded a total of $698 million in contracts from the U.S. Navy, which includes a $42.5 million contract for submarine parts and a $642.3 million contract for Virginia-class submarines [3] - Additionally, General Dynamics received a $13.4 million contract modification related to space defense systems, indicating a robust defense backlog [3] Group 2: Market Position - General Dynamics operates in the global aerospace and defense sector, providing mission-critical systems, information technology, shipbuilding, business aviation, and combat vehicles to government and private customers [4]