General Dynamics Corporation

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  • Wed, Jan. 27, 9:17 AM
    • Earnings from continuing operations of $764M, or $2.20 per diluted share vs. $737M, or $2.19 per diluted share in the same quarter a year ago.
    • Operating margin in the quarter and full-year of 13.3%.
    • Return on sales of 9.8% in the quarter and 9.4% for the year.
    • Total backlog at the end of 2015 was $66.1B. Total potential contract value was $90.6B.
    • Q4 results
    | Wed, Jan. 27, 9:17 AM
  • Wed, Jan. 27, 9:03 AM
    • General Dynamics (NYSE:GD): Q4 EPS of $2.40 beats by $0.02.
    • Revenue of $7.81B (-6.6% Y/Y) misses by $430M.
    • Press Release
    | Wed, Jan. 27, 9:03 AM | 4 Comments
  • Tue, Jan. 26, 5:30 PM
  • Fri, Jan. 15, 5:57 PM
    • Defense stocks such as Raytheon (NYSE:RTN), General Dynamics (NYSE:GD) and L-3 Communications (NYSE:LLL) could outperform in a risk-off market, Credit Suisse analysts assert.
    • The firm says it favors defense names in a risk-off market, despite their higher relative valuations, as the companies lack significant global economic or currency exposure, and so performance should be more predictable and the resulting cash returns more reliable; also, with the DoD budget inflecting, most companies in the group should begin to deliver organic growth for the first time in several years.
    • Credit Suisse retains Outperform ratings for RTN, GD and LLL, and upgrades Huntington Ingalls (NYSE:HII) to Neutral from Underperform, while Neutral-rated Lockheed Martin (NYSE:LMT) and Northrop Grumman (NYSE:NOC) should be solid performers in a risk-off environment.
    | Fri, Jan. 15, 5:57 PM | 22 Comments
  • Tue, Jan. 12, 7:10 PM
    • General Dynamics (NYSE:GD) is moving its headquarters, out of Falls Church, Va., to a new site owned by an affiliate of Boston Properties (NYSE:BXP) in Reston, Va.
    • The new undeveloped, 21.7-acre site includes a planned 190,000-square-foot building, though it's not clear if Boston Properties will be involved or will sell the site as part of the deal.
    • The new site was zoned and approved for three office building in 1999. Two hundred employees will make the move.
    | Tue, Jan. 12, 7:10 PM | 2 Comments
  • Tue, Jan. 5, 11:34 AM
    • General Dynamics (GD +0.1%) NASSCO delivered three lead ships in 2015: USNS Lewis B. Puller, the Isla Bella and the Lone Star State.
    • Each vessel represents three new and separate ship classes and highlights the diverse portfolio of commercial and government contracts for the shipbuilding company.
    | Tue, Jan. 5, 11:34 AM | 3 Comments
  • Dec. 21, 2015, 9:17 AM
    • Drexel Hamilton upgrades General Dynamics (NYSE:GD) to Buy from Hold, with a $153 price target.
    • Analyst Pete Skibitski: "Recent weakness has created a compelling entry point and the passage of the FY16 omnibus appropriations bill last week removes most of the risk to 2016 defense earnings."
    • The analyst also believes international defense opportunities are increasing, particularly in the high-margin Combat segment given ongoing global conflicts, and expects management to return cash to shareholders through repurchases.
    | Dec. 21, 2015, 9:17 AM
  • Dec. 16, 2015, 11:12 AM
    • The U.S. Army has awarded General Dynamics (GD -0.7%) Land Systems a $92.2M contract to upgrade M1A2 System Enhancement Package v2 Abrams tanks to the v3 configuration.
    • The M1A2 SEPv3 production process will begin with a pilot program of six tanks before moving into full-rate production.
    | Dec. 16, 2015, 11:12 AM | 1 Comment
  • Dec. 15, 2015, 11:07 AM
    • General Dynamics' (GD -0.2%) Information Technology unit has been awarded a contract by the Defense Information Systems Agency to provide communications technical support services in Asia.
    • The indefinite delivery, indefinite quantity contract has a potential value of approximately $450M for five years, if all options are exercised.
    | Dec. 15, 2015, 11:07 AM
  • Dec. 2, 2015, 4:30 PM
    • General Dynamics (NYSE:GD) declares $0.69/share quarterly dividend, in line with previous.
    • Forward yield 1.89%
    • Payable Feb. 5; for shareholders of record Jan. 15; ex-div Jan. 13.
    | Dec. 2, 2015, 4:30 PM
  • Dec. 2, 2015, 7:51 AM
    • General Dynamics' (NYSE:GD) Information Technology unit wins a contract to support the U.S. Air Force Air Defense Communications Service 3 program.
    • The single-award, task order contract has a potential value of approximately $80M for five years, if all options are exercised.
    | Dec. 2, 2015, 7:51 AM
  • Nov. 30, 2015, 7:37 AM
    • Raytheon (NYSE:RTN) - downgraded to Equal Weight from Overweight on valuation. The firm has a $125 price target on the stock.
    • General Dynamics (NYSE:GD) - upgraded to Overweight from Equal Weight saying Gulfstream-related fears are overly discounted in the shares at current levels. The brokerage has a $157 price objective on the stock.
    • Lockheed Martin (NYSE:LMT) - downgraded to Underweight from Equal Weight. Lowered PT to $210 from $215.
    | Nov. 30, 2015, 7:37 AM | 7 Comments
  • Nov. 26, 2015, 5:03 AM
    • President Obama has signed a sweeping defense policy bill into law despite provisions that make it harder to close the Guantanamo Bay military prison.
    • The legislation authorizes $607B in annual defense spending and "includes vital benefits for military personnel, facilitates ongoing operations around the globe, and important reforms to the military retirement system."
    • Related tickers: GD, BA, NOC, LMT, RTN, OA, HII, HON, UTX, ITT, TXT, LLL, COL
    | Nov. 26, 2015, 5:03 AM | 70 Comments
  • Nov. 25, 2015, 10:49 AM
    • The U.S. Navy awards a $102.8M contract modification to General Dynamics' (GD -0.3%) subsidiary Electric Boat to provide R&D and lead-yard services for Virginia-class nuclear-powered attack submarines.
    • The modification brings the cumulative value of the contract, initially awarded in 2010, to $1.1B.
    | Nov. 25, 2015, 10:49 AM | 2 Comments
  • Nov. 24, 2015, 8:10 PM
    • The Marine Corps has given contracts for a first phase of a wheeled amphibious combat vehicle to Science Applications International (NYSE:SAIC) and to BAE Systems (OTCPK:BAESY).
    • SAIC gets a contract for 13 vehicles valued at more than $121M, while BAE got a pact for 13 vehicles at almost $104M. The two beat out Lockheed Martin (NYSE:LMT), General Dynamics (NYSE:GD) and Advanced Defense Vehicle Systems.
    • Lockheed Martin might protest the decision.
    • The first phase of the vehicle is known as ACV 1.1, and it's eventually planned to be a modest replacement for a canceled program -- the Expeditionary Fighting Vehicle that General Dynamics was developing. The Marines had started a competition for the vehicle last year.
    | Nov. 24, 2015, 8:10 PM
  • Nov. 19, 2015, 3:09 PM
    • The NATO treaty calls for its 28 signatories to have a common goal of defense spending equal to 2% of GDP, says David Rosenberg. Not all do, with France (at 1.8%), Germany (1.2%), Italy (1%), and Canada (1%) notably falling short.
    • Following the terrorist attacks, it's no surprise there will likely be renewed commitments to hitting that target. What would it mean in terms of dollars? More than $100B in renewed defense spending from the NATO countries alone, says Rosenberg.
    • For the week, Northrop Grumman (NYSE:NOC) is up 5.1%, Raytheon (NYSE:RTN7.4%, Lockheed Martin (NYSE:LMT5.1%, General Dynamics (NYSE:GD3.4%.
    | Nov. 19, 2015, 3:09 PM | 7 Comments
Company Description
General Dynamics Corp is an aerospace and defense company. It offers products and services in business aviation; combat vehicles, weapons systems and munitions; shipbuilding; and communication and information technology systems and solutions.