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General Dynamics Corporation (GD)

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  • Jun. 29, 2012, 10:14 AM
    General Dynamics (GD +3.5%) acquires the Ship Repair and Coatings Division of Earl Industries, a ship repair company that supports the U.S. Navy fleet in Norfolk, Virginia and Mayport, Florida. The financial terms were not disclosed, but GD expects the deal to be accretive to earnings in FY13.
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  • Jun. 26, 2012, 10:59 AM
    Stifel Nicolaus says defense stocks are near a bottom and looking like attractive long-term opportunities. The firm resumes coverage on Raytheon (RTN +0.1%) with a Buy, saying its international business, 3.6% dividend yield and relatively undersized exposure to big ticket items make it more attractive than its peers. It also starts Lockheed Martin (LMT -0.1%), General Dynamics (GD -0.6%), Northrop Grumman (NOC -0.8%) and L-3 Communications (LLL -1.2%) with a Hold, saying they still need to come in a bit more.
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  • Jun. 21, 2012, 5:25 PM
    The National Association of Manufacturers says the looming cuts in Pentagon spending that would begin in January will lead to the loss of more than a million jobs, including 130K manufacturing jobs, by 2014. It's the latest warning by industry groups and think tanks about the impact of spending cuts put into law last year by the Budget Control Act.
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  • Jun. 21, 2012, 3:49 PM
    General Dynamics' (GD -2%) Electric Boat Division has been awarded an $11M upgrade to its $711M contract from the U.S. Navy to support research and development of advanced submarine technologies for current and future undersea platforms.
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  • Jun. 21, 2012, 1:09 PM
    Senator McCain steps up to say that he's open to tax increases as a way to boost revenue as part of the deficit reduction plan. The Senator has long been a staunch advocate of a strong defense policy, and has been a vocal proponent of rescinding the sequester that would cause defense spending to be significantly reduced starting in 2013.
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  • Jun. 19, 2012, 7:57 AM
    You don't wait for the hurricane to arrive before boarding up the windows, says BofA's Mike Hanson, already seeing evidence of corporate spending caution ahead of the so-called 2013 fiscal cliff. Defense contractors are most fearful as that part of the budget would be an easy target for massive cuts.
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  • Jun. 6, 2012, 5:07 PM
    General Dynamics (GD) says Chairman and CEO Jay Johnson will retire effective Dec. 31, to be replaced by COO Phebe Novakovic. GD -2.6% AH.
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  • May 31, 2012, 10:11 AM
    General Dynamics (GD -0.5%) Electric Boat division has been awarded a $118M contract from the U.S. Navy to develop advanced submarine technologies for current and future undersea platforms. Initially awarded in November 2010, the contract has a potential value of $711M over the next five years if all options are exercised and fully funded.
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  • May 14, 2012, 11:11 AM
    Nvidia (NVDA) and patent troll Intellectual Ventures are jointly acquiring a portfolio of 500 granted and pending patents from IPWireless, a mobile infrastructure vendor that's being acquired by General Dynamics (GD). The patents cover 3G and 4G technologies, and could help Nvidia stave off lawsuits as it leverages its acquisition of Icera to release Tegra processors with 3G/4G baseband functionality.
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  • May 7, 2012, 11:21 AM
    General Dynamics (GD +0.8%) says it's been awarded a contract worth up to $94M by the U.S. Navy to deliver education and training support services to the Naval Education and Training Command and its Technology Center.
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  • Apr. 25, 2012, 8:12 AM
    More on General Dynamics (GD) Q1: Net profit falls 8.7% to $564M, due to slow awards from governments and a $67M noncash adjustment from its European combat systems ops. Forecasts FY EPS of $7.10-$7.20 vs. consensus of $7.32.
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  • Apr. 25, 2012, 7:04 AM
    General Dynamics (GD): Q1 EPS of $1.57 misses by $0.12. Revenue of $7.58B (-2.8% Y/Y) misses by $330M. (PR)
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  • Apr. 25, 2012, 12:05 AM
    Notable earnings before Wednesday's open: ABB, AN, ATI, BA, CAT, CNH, CS, CVE, DAL, DAN, DPS, ECA, ERIC, GD, GLW, GNC, GSK, HCBK, HES, HOG, HST, JNY, LCC, LLY, LO, MSI, MWV, NDAQ, NEE, NLSN, NOC, NOV, OC, PX, RES, ROK, S, SAP, SO, TEL, TMO, UMC, VMED, WLP, WYN
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  • Apr. 24, 2012, 5:30 PM
    Notable earnings before Wednesday's open: ABB, AN, ATI, BA, CAT, CNH, CS, CVE, DAL, DAN, DPS, ECA, ERIC, GD, GLW, GNC, GSK, HCBK, HES, HOG, HST, JNY, LCC, LLY, LO, MSI, MWV, NDAQ, NEE, NLSN, NOC, NOV, OC, PX, RES, ROK, S, SAP, SO, TEL, TMO, UMC, VMED, WLP, WYN
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  • Apr. 19, 2012, 9:10 AM
    General Dynamics (GD) announces that it formed a joint venture with German firm Rheinmetall Defence through one of its units. The new company will develop new cartridges together for the tank ammunition market.
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  • Mar. 8, 2012, 7:04 AM
    General Dynamics (GD) approves an increase in its quarterly dividend payout to $0.51 a share - up from $0.47 a share. Shares now trade with a 2.9% yield, +0.3% premarket.
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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.