General Dynamics Corporation

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  • Nov. 19, 2015, 8:01 AM
    • Argus Research raises its rating on General Dynamics (NYSE:GD) to Buy from Hold, with a price target of $160.
    • The stock has climbed 4.4% YTD.
    | Nov. 19, 2015, 8:01 AM
  • Nov. 16, 2015, 10:33 AM
    | Nov. 16, 2015, 10:33 AM | 3 Comments
  • Oct. 28, 2015, 8:38 AM
    • Earnings from continuing operations of $733M, or $2.28 per diluted share vs. $694M, or $2.05 per diluted share in the same quarter a year ago.
    • Operating margins were 12.9% for Q3, flat compared to the third quarter of 2014
    • Free cash flow from operations was $652M.
    • Repurchased 7.15M of its outstanding shares during the quarter.
    • Total backlog at the end of third-quarter 2015 was $68.7B. Total potential contract value was $94.3B.
    • GD +2.2% premarket
    • Q3 results
    | Oct. 28, 2015, 8:38 AM
  • Oct. 28, 2015, 7:33 AM
    • General Dynamics (NYSE:GD): Q3 EPS of $2.28 beats by $0.15.
    • Revenue of $7.99B (+3.1% Y/Y) beats by $150M.
    | Oct. 28, 2015, 7:33 AM
  • Oct. 27, 2015, 5:30 PM
  • Sep. 17, 2015, 10:40 AM
    • The U.S. Navy awards a $321.7M contract option to General Dynamics' (GD +0.5%) subsidiary Electric Boat for nuclear-submarine support work.
    • The contract will be worth approximately $1.5B over five years if all options are exercised and funded.
    | Sep. 17, 2015, 10:40 AM | 1 Comment
  • Sep. 2, 2015, 7:28 AM
    • Huntington Ingalls (NYSE:HII) and General Dynamics (NYSE:GD) are keen to build new icebreakers for the U.S. Coast Guard, after President Obama pushed for quicker work on a new icebreaker program.
    • On Tuesday, Obama proposed buying a heavy icebreaker by 2020 instead of 2022, given that quickly melting sea ice has spurred more Arctic maritime traffic and the U.S. has fallen far behind Russian resources.
    | Sep. 2, 2015, 7:28 AM
  • Aug. 14, 2015, 7:26 AM
    • General Dynamics's (NYSE:GD) IT unit has won a contract from the Air Force Material Command to deliver enterprise IT in support of the U.S. Battlefield Information Collection and Exploitation Systems Extended program.
    • The contract is worth $881M and will last for eight years if all options are exercised.
    | Aug. 14, 2015, 7:26 AM | 2 Comments
  • Aug. 5, 2015, 1:59 PM
    • General Dynamics (NYSE:GD) declares $0.69/share quarterly dividend, in line with previous.
    • Forward yield 1.84%
    • Payable Nov. 13; for shareholders of record Oct. 9; ex-div Oct. 7.
    | Aug. 5, 2015, 1:59 PM
  • Jul. 29, 2015, 9:18 AM
    • General Dynamics (NYSE:GD) +2.2% premarket after Q2 earnings and revenues easily beat expectations and raising its earnings guidance for the full year, helped by a more stable U.S. defense budget.
    • GD now sees FY 2015 EPS from continuing operations of $8.70-$8.80, up sharply from its prior guidance of $8.05-$8.10 and above the $8.61 analyst consensus estimate.
    • Q2 sales in the aerospace unit, which represents more than 25% of GD’s top line, rose 13% to $2.26B as it delivered 36 Gulfstream aircraft, while the combat systems segment gained 3.9% in revenue to $1.41B, information systems and technology business sales rose 2.4% to $2.22B and marine systems revenue climbed 8.1% to $2B.
    • Company-wide, operating margins rose to 13.7% in the quarter from 12.7% a year earlier.
    | Jul. 29, 2015, 9:18 AM | 3 Comments
  • Jul. 29, 2015, 7:34 AM
    • General Dynamics (NYSE:GD): Q2 EPS of $2.27 beats by $0.21.
    • Revenue of $7.9B (+5.8% Y/Y) beats by $220M.
    | Jul. 29, 2015, 7:34 AM
  • Jul. 28, 2015, 5:30 PM
  • Jul. 14, 2015, 7:40 PM
    • The commercial aerospace segment still provides opportunities for double-digit gains over the next 18 months, as the "aero cycle has legs," J.P. Morgan analyst Seth Seifman says, initiating coverage of Boeing (NYSE:BA) and several peers with Overweight ratings.
    • Boeing’s cash flow outlook has been controversial, but Seifman views 787 unit cost reduction as a powerful driver that can push free cash flow to $9.1B in 2017, 44% above 2015 estimates with potential for growth beyond; Seifman sees the precedent Boeing set by returning $8B of cash last year as a signal of confidence in future cash flow.
    • General Dynamics' (NYSE:GD) balance sheet might drive upside, while Lockheed Martin (NYSE:LMT) could use its financial strength to create value, but Northrop Grumman (NYSE:NOC) is started at Underweight, as the analyst sees "fewer arrows left in the quiver" and expectations may be too high following recent outperformance in its shares.
    • Initiated at Overweight along with Boeing: GD, LMT, SPR, TDG.
    • Started at Neutral: BEAV, COL, PCP, TGI, TXT, HRS, LLL
    • Earlier: JPMorgan initiates coverage on several aerospace plays
    | Jul. 14, 2015, 7:40 PM | 7 Comments
  • Jun. 24, 2015, 10:39 AM
    • General Dynamics (GD +0.4%) has received the first full rate production order from the U.S. Army to build additional Warfighter Information Network – Tactical Increment 2 systems.
    • The $219M order includes the production of more than 300 vehicle-based network communication nodes along with related equipment and materials.
    | Jun. 24, 2015, 10:39 AM
  • Jun. 16, 2015, 3:21 PM
    • Lockheed Martin (NYSE:LMT) says it will team up with Raytheon (NYSE:RTN) and Bombardier (OTCPK:BDRAF, OTCQX:BDRBF) to develop a new surveillance and command and control aircraft for a future U.S. Air Force competition and a share of a contract valued at ~$4.3B.
    • Jets from General Dynamics' (NYSE:GD) Gulfstream Aerospace unit also are being considered to replace the aging fleet of larger Boeing (NYSE:BA) 707 planes that are becoming too costly to fly in their role of monitoring forces on the ground.
    • Northrop (NYSE:NOC) and Boeing also have said they plan to compete for the contract when the Air Force awards a deal, likely in 2016.
    | Jun. 16, 2015, 3:21 PM
  • Jun. 12, 2015, 7:46 AM
    • General Dynamics Ordnance and Tactical Systems, a unit of General Dynamics (NYSE:GD), has secured a firm-fixed-price, five-year, contract from the U.S. Army for the demilitarization recycling and disposal of numerous conventional munitions.
    • The contract is worth $225.6M.
    | Jun. 12, 2015, 7:46 AM
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 services and solutions.