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General Dynamics Corporation

General Dynamics Corporation (GD)

288.22
-5.05
(-1.72%)
Closed July 20 4:00PM
288.6746
0.4546
(0.16%)
After Hours: 6:43PM

Professional-Grade Tools, for Individual Investors.

Key stats and details

Current Price
288.6746
Bid
-
Ask
-
Volume
920,367
287.83 Day's Range 293.28
212.84 52 Week Range 302.7486
Market Cap
Previous Close
293.27
Open
293.00
Last Trade
25
@
295.16
Last Trade Time
Financial Volume
$ 266,863,044
VWAP
289.9529
Average Volume (3m)
944,941
Shares Outstanding
274,364,084
Dividend Yield
1.90%
PE Ratio
23.85
Earnings Per Share (EPS)
12.08
Revenue
42.27B
Net Profit
3.32B

About General Dynamics Corporation

General Dynamics is a defense contractor and business jet manufacturer. The firm's segments include aerospace, combat systems, marine, and technologies. The company's aerospace segment creates Gulfstream business jets. Combat system produces land-based combat vehicles, such as the M1 Abrams tank. Th... General Dynamics is a defense contractor and business jet manufacturer. The firm's segments include aerospace, combat systems, marine, and technologies. The company's aerospace segment creates Gulfstream business jets. Combat system produces land-based combat vehicles, such as the M1 Abrams tank. The marine subsegment creates nuclear-powered submarines, among other things. The technologies segment contains two main units, an IT business that primarily serves the government market and a mission systems business that focuses on products that provide command, control, computers, intelligence, surveillance, and reconnaissance capabilities to the military. Show more

Sector
Ship & Boat Bldg & Repairing
Industry
Ship & Boat Bldg & Repairing
Website
Headquarters
Wilmington, Delaware, USA
Founded
1970
General Dynamics Corporation is listed in the Ship & Boat Bldg & Repairing sector of the New York Stock Exchange with ticker GD. The last closing price for General Dynamics was $293.27. Over the last year, General Dynamics shares have traded in a share price range of $ 212.84 to $ 302.7486.

General Dynamics currently has 274,364,084 shares outstanding. The market capitalization of General Dynamics is $80.46 billion. General Dynamics has a price to earnings ratio (PE ratio) of 23.85.

General Dynamics (GD) Options Flow Summary

Overall Flow

Bullish

Net Premium

290k

Calls / Puts

175.00%

Buys / Sells

266.67%

OTM / ITM

175.00%

Sweeps Ratio

0.00%

GD Latest News

General Dynamics to Webcast 2024 Second-Quarter Financial Results Conference Call

General Dynamics to Webcast 2024 Second-Quarter Financial Results Conference Call PR Newswire RESTON, Va., July 3, 2024 RESTON, Va., July 3, 2024 /PRNewswire/ -- General Dynamics (NYSE: GD) will...

General Dynamics Land Systems awarded Canadian Logistics Vehicle Modernization contract

General Dynamics Land Systems awarded Canadian Logistics Vehicle Modernization contract PR Newswire LONDON, ON, June 7, 2024 Contracts totaling $2.58 billion Canadian ($1.88 billion U.S.) awarded...

General Dynamics appoints Schmid as Senior Vice President for Government Relations and Communications

General Dynamics appoints Schmid as Senior Vice President for Government Relations and Communications PR Newswire RESTON, Va., June 6, 2024 RESTON, Va., June 6, 2024 /PRNewswire/ -- General...

General Dynamics Board Declares Dividend

General Dynamics Board Declares Dividend PR Newswire RESTON, Va., June 5, 2024 RESTON, Va., June 5, 2024 /PRNewswire/ -- The board of directors of General Dynamics (NYSE: GD) today declared a...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
12.95461.03408931821285.72295.5283.69251014778289.1150472CS
4-10.8854-3.63379623448299.56302.7486279.071084716288.93467072CS
123.94461.38538264321284.73302.7486279.07944941292.23558537CS
2637.174614.7811530815251.5302.7486247.881037768282.07397029CS
5274.604634.8505629214.07302.7486212.841088668257.59971913CS
156101.504654.2312336379187.17302.7486182.661130381233.68133328CS
260104.564656.7946336429184.11302.7486100.551246964200.24471127CS

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GD Discussion

View Posts
ProfitScout ProfitScout 1 month ago
General Dynamics Board Declares Dividend

RESTON, Va., June 5, 2024 /PRNewswire/ -- The board of directors of General Dynamics (NYSE: GD) today declared a regular quarterly dividend of $1.42 per share on the company's common stock, payable August 9, 2024, to shareholders of record on July 5, 2024.

General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people across 65 countries worldwide and generated $42.3 billion in revenue in 2023. More information about General Dynamics is available at http://www.gd.com.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/general-dynamics-board-declares-dividend-302165215.html

SOURCE General Dynamics
👍️ 1
Monksdream Monksdream 4 months ago
GD new 52 hi
👍️ 1
Monksdream Monksdream 4 months ago
GD new 52 hi
👍️ 1
ProfitScout ProfitScout 4 months ago
General Dynamics Board Increases Dividend

RESTON, Va., March 6, 2024 /PRNewswire/ -- The board of directors of General Dynamics (NYSE: GD) today declared a regular quarterly dividend of $1.42 per share on the company's common stock, payable May 10, 2024, to shareholders of record on April 12, 2024. This is the 27th consecutive annual dividend increase authorized by the General Dynamics board and represents a 7.6% increase over last year's dividend.

General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people across 65 countries worldwide and generated $42.3 billion in revenue in 2023. More information about General Dynamics is available at http://www.gd.com.

Cision
View original content to download multimedia:https://www.prnewswire.com/news-releases/general-dynamics-board-increases-dividend-302082058.html
👍️ 1
Candlestick_Ninja Candlestick_Ninja 4 months ago
Bearish, $261 break leads to $230, a break there opens us to my target of $190/$200 longer/intermediate term by around election time. $261 could hold and war time talk could prop this thing up, but TA wise i'm bearish!
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Candlestick_Ninja Candlestick_Ninja 5 months ago
bearish intermediate to long term to $190 between current prices and $280 at an 80% probability, and 20% probability we hit $300 psych then fall but i don't think we break $280 iMO
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Monksdream Monksdream 5 months ago
GD new 52 week high
👍️ 1
ProfitScout ProfitScout 5 months ago
General Dynamics European Land Systems - Steyr awarded $1.3 billion contract to build 225 PANDUR EVO wheeled armored vehicles for Austria

VIENNA, Feb. 20, 2024 /PRNewswire/ -- General Dynamics European Land Systems - Steyr (GDELS) announced that it has been awarded a contract to deliver an additional 225 PANDUR 6x6 EVO wheeled armored vehicles to the Austrian Armed Forces. The contract has an initial value of 1.2 billion euros (U.S. $1.3 billion).

The compact, high-performance PANDUR EVO 6x6 is built at GDELS’ Steyr facility in Vienna Simmering, the national center of excellence for wheeled and tracked protected military mobility.
The compact, high-performance PANDUR EVO 6x6 is built at GDELS’ Steyr facility in Vienna Simmering, the national center of excellence for wheeled and tracked protected military mobility.
GDELS already has 100 PANDUR EVO vehicles under contract, with the third batch currently in production and delivery. In addition to the delivery of state-of-the-art personnel carriers and flexible conversion kits for medical, and command & control missions, the order includes eight new vehicle variants, including vehicles equipped with a 120 mm mortar combat system, as well as mobile air defense and electronic warfare variants.

"Today's procurement decision marks an extraordinary milestone in the history of our PANDUR and underlines the globally unique performance and multi-role capability of this wheeled armored vehicle family," said GDELS President Antonio Bueno. "Since the very beginning, Austria has been one of GDELS' home countries. Consequently, we are fully dedicated and proud to continuing our proven, trusted partnership by providing the Austrian Armed Forces with enhanced military mobility, while at the same time contributing to sustainable macroeconomic added-value together with our many industry partners."

The compact, high-performance PANDUR EVO 6x6 is built at GDELS' Steyr facility in Vienna Simmering, the national center of excellence for wheeled and tracked protected military mobility. Preceding versions of the PANDUR EVO have been in service with the Austrian Armed Forces since 1996. Around 850 PANDUR in 6x6 and 8x8 configurations are fielded worldwide today. Other users include Belgium, the Czech Republic, Indonesia, Kuwait, Portugal, Slovenia, and the U.S.

General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people across 65 countries worldwide and generated $42.3 billion in revenue in 2023. More information about General Dynamics is available at http://www.gd.com. More information about General Dynamics European Land Systems is available at http://www.gdels.com.

SOURCE General Dynamics
👍️ 1
Monksdream Monksdream 5 months ago
GD new 52 week high
👍️ 1
Monksdream Monksdream 6 months ago
GD new 52=week high
👍️ 1
ProfitScout ProfitScout 6 months ago
General Dynamics Reports Fourth-Quarter and Full-Year 2023 Financial Results
Wed, Jan 24, 2024
News Link:
https://finance.yahoo.com/news/general-dynamics-reports-fourth-quarter-120000907.html
👍️ 1
Monksdream Monksdream 7 months ago
GD new 52 week high
👍️ 1
ProfitScout ProfitScout 7 months ago
General Dynamics Board Declares Dividend

RESTON, Va., Dec. 6, 2023 /PRNewswire/ -- The board of directors of General Dynamics (NYSE: GD) today declared a regular quarterly dividend of $1.32 per share on the company's common stock, payable February 9, 2024, to shareholders of record on January 19, 2024.

General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people across 65 countries worldwide and generated $39.4 billion in revenue in 2022. More information about General Dynamics is available at www.gd.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/general-dynamics-board-declares-dividend-302007949.html

SOURCE General Dynamics
👍️ 1
ProfitScout ProfitScout 9 months ago
General Dynamics Reports Third-Quarter 2023 Financial Results
https://www.prnewswire.com/news-releases/general-dynamics-reports-third-quarter-2023-financial-results-301966247.html
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ProfitScout ProfitScout 9 months ago
General Dynamics Electric Boat Awarded $217 Million Contract for Virginia-Class Submarines
4:45 pm ET October 16, 2023 (PR Newswire)

General Dynamics Electric Boat, a business unit of General Dynamics (NYSE:GD), announced today it was awarded a $217 million contract for long lead time material associated with the construction of Virginia-class submarines SSN 814 and SSN 815.

"This contract will enable Electric Boat to begin the acquisition of critical material and components for submarines that require substantial lead time to manufacture and deliver," said Kevin Graney, president of General Dynamics Electric Boat. "Advanced procurement is essential to achieve the high-rate production the Navy requires of the submarine industrial base. A consistent demand signal is necessary for our suppliers to invest in and grow their operations."

General Dynamics Electric Boat is the prime contractor and lead design yard for the Virginia class and constructs the ships in a teaming arrangement with HII's Newport News Shipbuilding in Virginia.

General Dynamics Electric Boatdesigns, builds, repairs and modernizes nuclear submarines for the U.S. Navy. Headquartered in Groton, Connecticut, the company employs more than 21,500 people. General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people worldwide and generated $39.4 billion in revenue in 2022.

https://mma.prnewswire.com/media/2248729/General_Dynamics_Electric_Boat.jpg

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https://c212.net/c/img/favicon.png?sn=PH39852&sd=2023-10-16

View original content to download multimedia:https://www.prnewswire.com/news-releases/general-dynamics-electric-boat-awarded-217-million-contract-for-virginia-class-submarines-301958015.html

SOURCE General Dynamics
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ProfitScout ProfitScout 9 months ago
General Dynamics NASSCO awarded ship repair contract valued at up to $754 million
1:30 pm ET October 13, 2023 (PR Newswire)

General Dynamics NASSCO, a subsidiary of General Dynamics (NYSE: GD), announced today it was awarded a contract by the U.S. Navy for the maintenance, modernization and repair of USS Chung-Hoon (DDG 93) and USS James E. Williams (DDG 95). The contract for an initial $15.6 million includes options that, if exercised, would bring the cumulative value to $753.8 million.

"NASSCO and our industry partners are looking forward to executing a pair of successful availabilities and are thankful the Navy has sole-sourced the contract to us to lead this effort," said Dave Baker, vice president of Repair for General Dynamics NASSCO. "Much like our recent success with the modernization on USS Pinckney, our repair team is ready to tackle another opportunity with our Navy partners and get these ships back to the fleet in a timely manner."

Work will be performed in Norfolk, Virginia, and San Diego, California. If all options are exercised, work will continue through November 2030.

General Dynamics NASSCOspecializes in the design and construction of ships for the U.S. Navy and commercial markets, as well as repair services for the U.S. Navy, with capabilities in San Diego, Norfolk, Mayport, and Bremerton. General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people worldwide and generated $39.4 billion in revenue in 2022.

https://mma.prnewswire.com/media/81320/general_dynamics_logo.jpg

https://c212.net/c/img/favicon.png?sn=PH38095&sd=2023-10-13

View original content to download multimedia:https://www.prnewswire.com/news-releases/general-dynamics-nassco-awarded-ship-repair-contract-valued-at-up-to-754-million-301956392.html

SOURCE General Dynamics NASSCO
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ProfitScout ProfitScout 9 months ago
General Dynamics to Webcast 2023 Third-Quarter Financial Results Conference Call

General Dynamics (NYSE:GD) will webcast its third-quarter 2023 earnings results conference call on Wednesday, October 25, beginning at 9 a.m. EDT.

The live webcast of the conference call will be available at www.gd.com. A replay will be available shortly after the live presentation.

More information about General Dynamics is available at www.gd.com.

https://mma.prnewswire.com/media/81320/general_dynamics_logo.jpg

https://c212.net/c/img/favicon.png?sn=PH30686&sd=2023-10-05

View original content to download multimedia:https://www.prnewswire.com/news-releases/general-dynamics-to-webcast-2023-third-quarter-financial-results-conference-call-301948557.html

SOURCE General Dynamics
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ProfitScout ProfitScout 10 months ago
General Dynamics Ordnance and Tactical Systems Awarded $218 Million to Expand Artillery Production
12:00 pm ET October 2, 2023 (PR Newswire)

Supports capacity to produce 50,000 artillery rounds per month by 2025

General Dynamics Ordnance and Tactical Systems (OTS), a business unit of General Dynamics (NYSE: GD), announced today it was awarded a $218 million initial task order for 155mm M1128 Load, Assemble, and Pack (LAP). The task order, awarded under a $974 million multiyear firm-fixed-price U.S. Army contract awarded to OTS and another company, includes funding for M1128 facilitization and production at OTS's operations in Camden, Arkansas.

https://mma.prnewswire.com/media/2236549/General_Dynamics_OTS___M1128_task_order_9_29_23.jpg

OTS was awarded a similar contract in February 2023 for M795 LAP facilitization of 20,000 rounds per month. Combined, the two awards support 50,000 rounds per month of new LAP capacity by 2025.

This contract will fund the installation of a LAP facility using modernized processes and air-cooling technology to improve thequality and efficiency of the 155mm artillery LAP process, while leveraging more environmentally responsible methods to reduce hazardous waste.

"We are proud to be expanding our role as a key industrial partner for the U.S. Army, as it plans and manages efforts to increase and accelerate U.S. artillery production," said Kevin Fahey, senior vice president and general manager.

General Dynamics Ordnance and Tactical Systemsis a global leader in the design, engineering and production of munitions, energetics, weapons, armaments, and missile subsystems around the world. General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems, and munitions; and technology products and services. General Dynamics employs more than 100,000 people worldwide and generated $39.4 billion in revenue in 2022.

https://mma.prnewswire.com/media/81320/general_dynamics_logo.jpg

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View original content to download multimedia:https://www.prnewswire.com/news-releases/general-dynamics-ordnance-and-tactical-systems-awarded-218-million-to-expand-artillery-production-301944607.html

SOURCE General Dynamics
👍️ 1
ProfitScout ProfitScout 12 months ago
Navy Awards General Dynamics Bath Iron Works Contract for Three DDG 51 Destroyers
10:00 pm ET August 1, 2023 (PR Newswire)
General Dynamics Bath Iron Works, a business unit of General Dynamics (NYSE: GD), announced today that the U.S. Navy has awarded it a contract for the construction of three Flight III Arleigh Burke-class destroyers.

https://mma.prnewswire.com/media/2167737/General_Dynamics_DDG_102_USS_Sampson.jpg

"We appreciate the opportunity to build on our history of providing these highly advanced ships for the U.S. Navy fleet and are honored to do our part to contribute to protecting the nation and our families," said Chuck Krugh, president of Bath Iron Works. "Flight III destroyers have significant increased capability, and our skilled shipbuilders are committed to producing ships that meet the quality standards that our Navy Sailors deserve."

Read more about the contract announcement here.

There are currently six DDG 51 destroyers in production at Bath Iron Works: John Basilone (DDG 122), Harvey C. Barnum Jr. (DDG 124) and Patrick Gallagher (DDG 127) as well as the Flight III ships Louis H. Wilson Jr. (DDG 126), William Charette (DDG 130) and Quentin Walsh (DDG 132).

More information about General Dynamics Bath Iron Works can be found at http://www.gdbiw.com.

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SOURCE General Dynamics
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ProfitScout ProfitScout 1 year ago
General Dynamics Board Announces Dividend

RESTON, Va., June 7, 2023 /PRNewswire/ -- The board of directors of General Dynamics (NYSE: GD) today declared a regular quarterly dividend of $1.32 per share on the company's common stock, payable August 11, 2023, to shareholders of record on July 7, 2023.

General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people worldwide and generated $39.4 billion in revenue in 2022. More information about General Dynamics is available at www.gd.com.

General Dynamics (PRNewsFoto/General Dynamics) (PRNewsFoto/General Dynamics)



Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/general-dynamics-board-announces-dividend-301845207.html

SOURCE General Dynamics
👍️0
ProfitScout ProfitScout 1 year ago
General Dynamics Electric Boat Awarded $1.076 Billion Contract Modification for Virginia-Class Submarines
6:48 pm ET May 23, 2023 (PR Newswire)

General Dynamics Electric Boat, a business unit of General Dynamics (NYSE: GD), announced today it has been awarded a $1.076 billion contract modification from the U.S. Navy to provide long-lead-time material and advanced construction for Virginia-class fast-attack submarines.

Electric Boat is presently under contract for construction of submarines in Block V of the class. The $1,075,896,000 in advance procurement funds from this contract modification will enable Electric Boat to purchase materials and major components for hulls 812 and 813.

"This contract modification sends a crucial demand signal to the submarine industrial base, enabling our suppliers to invest in the capacity and materials needed to increase production volume," said Kevin Graney, president of General Dynamics Electric Boat.

Virginia-class submarines are designed from the keel up for the full range of 21st-century mission requirements, including anti-submarine and surface ship warfare and special operations support.

Electric Boat constructs Virginia-class submarines for the U.S. Navy in a teaming agreement with Newport News Shipbuilding, a division of HII. Submarines of the Virginia class embody the commitment by the Navy and industry to reduce costs without decreasing capabilities through a multi-year procurement strategy, continuous improvements in construction practices and cost-reduction design changes.

General Dynamics Electric Boat designs, builds, repairs and modernizes nuclear submarines for the U.S. Navy. Headquartered in Groton, Connecticut, the company employs more than 20,500 people. More information about General Dynamics Electric Boat is available at http://www.gdeb.com.

General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people worldwide and generated $39.4 billion in revenue in 2022. More information about General Dynamics is available at http://www.gd.com.

https://mma.prnewswire.com/media/81320/general_dynamics_logo.jpg

https://c212.net/c/img/favicon.png?sn=PH09302&sd=2023-05-23

View original content to download multimedia:https://www.prnewswire.com/news-releases/general-dynamics-electric-boat-awarded-1-076-billion-contract-modification-for-virginia-class-submarines-301832824.html
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ProfitScout ProfitScout 1 year ago
General Dynamics (GD) Wins Deal to Support Abrams Battle Tanks
Zacks Equity Research
Tue, May 16, 2023
https://finance.yahoo.com/news/general-dynamics-gd-wins-deal-141602276.html
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ProfitScout ProfitScout 1 year ago
General Dynamics Reports First-Quarter 2023 Financial Results

7:00 am ET April 26, 2023 (PR Newswire) Print
-- Revenue of $9.9 billion, up 5.2% year over year

-- Net earnings of $730 million, diluted EPS of $2.64

-- $1.5 billion cash from operating activities

General Dynamics (NYSE: GD) today reported first-quarter 2023 net earnings of $730 million on revenue of $9.9 billion. Diluted earnings per share (EPS) were $2.64.

"Our businesses delivered solid operating results despite persistent supply chain headwinds, with earnings before taxes up 3.7% and EPS up modestly," said Phebe N. Novakovic, chairman and chief executive officer. "Strong cash flow positions us to continue to invest in our business, retire debt and return value to shareholders."

Cash Net cash provided by operating activities in the quarter totaled $1.5 billion, or 200% of net earnings. The company invested $161 million in capital expenditures and paid $345 million in dividends, ending the quarter with $2 billion in cash and equivalents.

Backlog The consolidated book-to-bill ratio, defined as orders divided by revenue, was 0.9-to-1 for the quarter. Company-wide backlog of $89.8 billion was up 3% from the year-ago quarter. Estimated potential contract value, representing management's estimate of additional value in unfunded indefinite delivery, indefinite quantity (IDIQ) contracts and unexercised options, was $38.5 billion. Total estimated contract value, the sum of all backlog components, was $128.4 billion.

Significant awards for the defense segments included more than $1.1 billion to produce and support Abrams tanks, Stryker combat vehicles and other armored vehicles for the U.S. Army and partner nations, including Poland and Colombia; $285 million, with a maximum potential value of $1.3 billion, to expand production of 155mm artillery projectile parts, plus $255 million for various other munitions and ordnance; an Air Force IDIQ service contract with maximum potential value of $4.5 billion between two awardees; $130 million, with a maximum potential value of $1.7 billion, to provide flight simulation and training services to the Army; $260 million from the U.S. Navy for maintenance and modernization of two amphibious ships and a destroyer; and $400 million for several key classified contracts. A detailed list of significant awards is provided in Exhibit G.

About General Dynamics Headquartered in Reston, Virginia, General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people worldwide and generated $39.4 billion in revenue in 2022. More information is available at www.gd.com.

WEBCAST INFORMATION: General Dynamics will webcast its first-quarter 2023 financial results conference call at 9 a.m. EDT on Wednesday, April 26, 2023. The webcast will be a listen-only audio event available at www.gd.com. An on-demand replay of the webcast will be available by telephone two hours after the end of the call through May 3, 2023, at 800-770-2030 (international: +1 647-362-9199), conference ID 4299949. Charts furnished to investors and securities analysts in connection with General Dynamics' announcement of its financial results are available at http://www.gd.com.

This press release contains forward-looking statements (FLS), including statements about the company's future operational and financial performance, which are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "forecasts," "scheduled," "outlook," "estimates," "should" and variations of these words and similar expressions are intended to identify FLS. In making FLS, we rely on assumptions and analyses based on our experience and perception of historical trends; current conditions and expected future developments; and other factors, estimates and judgments we consider reasonable and appropriate based on information available to us at the time. FLS are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. FLS are not guarantees of future performance and involve factors, risks and uncertainties that are difficult to predict. Actual future results and trends may differ materially from what is forecast in the FLS. All FLS speak only as of the date they were made. We do not undertake any obligation to update or publicly release revisions to FLS to reflect events, circumstances or changes in expectations after the date of this press release. Additional information regarding these factors is contained in the company's filings with the SEC, and these factors may be revised or supplemented in future SEC filings. In addition, this press release contains some financial measures not prepared in accordance with U.S. generally accepted accounting principles (GAAP). While we believe these non-GAAP metrics provide useful information for investors, there are limitations associated with their use, and our calculations of these metrics may not be comparable to similarly titled measures of other companies. Non-GAAP metrics should not be considered in isolation from, or as a substitute for, GAAP measures. Reconciliations to comparable GAAP measures and other information relating to our non-GAAP measures are included in other filings with the SEC, which are available at http://investorrelations.gd.com.
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ProfitScout ProfitScout 1 year ago
General Dynamics Board Increases Dividend

March 8, 2023 (PR Newswire)
The board of directors of General Dynamics (NYSE: GD) today declared a regular quarterly dividend of $1.32 per share on the company's common stock, payable May 12, 2023, to shareholders of record on April 14, 2023. This is the 26th consecutive annual dividend increase authorized by the General Dynamics board, and represents a 4.8% increase over last year's dividend.

General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people worldwide and generated $39.4 billion in revenue in 2022. More information about General Dynamics is available at www.gd.com.

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SOURCE General Dynamics
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ProfitScout ProfitScout 1 year ago
General Dynamics Reports Fourth-Quarter and Full-Year 2022 Financial Results
January 25, 2023

 -- Fourth-quarter net earnings of $992 million, diluted EPS of $3.58, on $10.9 billion in revenue
-- Full-year net earnings of $3.4 billion, diluted EPS of $12.19, on $39.4 billion in revenue
-- Record-high backlog

News: Link:
https://www.prnewswire.com/news-releases/general-dynamics-reports-fourth-quarter-and-full-year-2022-financial-results-301729851.html
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ProfitScout ProfitScout 2 years ago
General Dynamics to Webcast 2022 Fourth-Quarter and Full-Year Financial Results Conference Call
January 6, 2023 (PR Newswire)

General Dynamics (NYSE: GD) will webcast its fourth-quarter and full-year 2022 financial results conference call on Wednesday, January 25, beginning at 9 a.m. EST.

The live webcast of the conference call will be available at http://www.gd.com. A replay will be available shortly after the live presentation.

More information about General Dynamics is available at http://www.gd.com.

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SOURCE General Dynamics
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ProfitScout ProfitScout 2 years ago
General Dynamics Electric Boat Awarded $5.1 billion by U.S. Navy for Columbia-Class Submarines
5:49 pm ET December 21, 2022 (PR Newswire)

General Dynamics Electric Boat announced today the U.S. Navy has awarded a $5.1-billion modification of the previously awarded Columbia Integrated Product and Process Development Contract for the Columbia class of submarines, the nation's next-generation sea-based strategic deterrent.

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Electric Boat is the prime contractor on the Columbia program, which will replace the aging Ohio class ballistic missile submarines. The District of Columbia (SSBN 826) and Wisconsin (SSBN 827) are presently under construction.

The contract modification has a value of $5,134,324,189. Work will be performed in Groton, Connecticut; Quonset Point, Rhode Island; and Newport News, Virginia; and is expected to be completed by October 2030. The award funds advance procurement and advance construction of critical components and material to support Build II (the next five ships in the class), efforts to support continuous missile tube production, enhancements to develop the Submarine Industrial Base, and sustained class maintenance and support.

"This award enhances Electric Boat's efforts to maintain the Columbia-class production and delivery schedule. Advance procurement of long lead time materials and component construction is critical to the program, and the strategic investments in the development and expansion of the Submarine Industrial Base will help stabilize and grow the supply chain, which increases manufacturing capacity, reduces risk, and ultimately drives timely delivery of submarines to the Navy," said Kevin Graney, president of General Dynamics Electric Boat.

At 560 feet long with a displacement of nearly 21,000 tons, the submarines of the Columbia class will be the largest ever built by the United States. Ships of the Columbia class will have a fuel core that will power the submarine for its entire service life, eliminating the need for a mid-service refueling. Electric Boat will deliver the lead ship to the Navy in 2027.

General Dynamics Electric Boat designs, builds, repairs and modernizes nuclear submarines for the U.S. Navy. Headquartered in Groton, Connecticut, the company employs more than 19,000 people. More information about General Dynamics Electric Boat is available at www.gdeb.com.

General Dynamics (NYSE:GD) is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people worldwide and generated $38.5 billion in revenue in 2021. More information about General Dynamics is available at www.gd.com.

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SOURCE General Dynamics
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ProfitScout ProfitScout 2 years ago
General Dynamics Board Declares Dividend
2:00 pm ET December 7, 2022 (PR Newswire)

The board of directors of General Dynamics (NYSE: GD) today declared a regular quarterly dividend of $1.26 per share on the company's common stock, payable February 10, 2023, to shareholders of record on January 20, 2023.

General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people worldwide and generated $38.5 billion in revenue in 2021. More information about General Dynamics is available at http://www.gd.com.

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SOURCE General Dynamics
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ProfitScout ProfitScout 2 years ago
General Dynamics Reports Third-Quarter 2022 Financial Results
October 26, 2022 (PR Newswire)

-- Revenue of $10 billion, up 4.3% year over year
-- Net earnings of $902 million, up 4.9% year over year
-- Diluted EPS of $3.26, up 6.2% year over year 

https://www.prnewswire.com/news-releases/general-dynamics-reports-third-quarter-2022-financial-results-301659058.html
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ProfitScout ProfitScout 2 years ago
General Dynamics Electric Boat Awarded $533 Million for Virginia-Class Submarine Support

GROTON, Conn., Oct. 6, 2022 /PRNewswire/ -- General Dynamics Electric Boat, a business unit of General Dynamics (NYSE: GD), announced today it was awarded a U.S. Navy contract modification for lead-yard support, development studies and design efforts related to Virginia-class attack submarines.

General Dynamics Electric Boat was awarded a U.S. Navy contract modification for lead-yard support, development studies and design efforts related to Virginia-class attack submarines.

The contract modification has a value of $532.9 million. Work will be performed in Groton, Connecticut, and Newport News, Virginia, and is expected to be completed by October 2023.

"We are proud to continue to support the design and engineering of Virginia-class submarines to ensure they have the superior warfighting capabilities the U.S. Navy needs to defend our Nation," said Kevin Graney, president of Electric Boat. "The continued evolution of the Virginia class over the last two decades guarantees our sailors the asymmetric advantage they deserve."

General Dynamics Electric Boat designs, builds, repairs and modernizes nuclear submarines for the U.S. Navy. Headquartered in Groton, the company employs approximately 18,000 people. More information about General Dynamics Electric Boat is available at http://www.gdeb.com.

General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people worldwide and generated $38.5 billion in revenue in 2021. More information about General Dynamics is available at http://www.gd.com.

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SOURCE General Dynamics Electric Boat
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ProfitScout ProfitScout 2 years ago
Epirus, General Dynamics Land Systems Unveil Integrated Counter-Electronics System Stryker Leonidas
October 05 2022 - 09:00AM
PR Newswire (US)

In just ten months, Epirus and GD transformed system from concept to field demonstrated with successful denial of multiple electronic targets

Highlights:

Successful integration of Epirus' Leonidas high-power microwave (HPM) array with General Dynamics Land Systems Stryker ground combat vehicle, one year after the companies inked a strategic teaming agreement in October of 2021.
Leonidas' software weaponeering and modular architecture paired with the Stryker's track-record of combat effectiveness enable unprecedented counter-electronics capabilities for the maneuver force.
Tested and proven counter-swarm capabilities and planned system enhancements will deliver overmatch capabilities against present and future electronic threats.
WASHINGTON, Oct. 5, 2022 /PRNewswire/ -- Epirus, a high-growth technology company developing directed energy systems that enable unprecedented counter-electronics effects and General Dynamics Land Systems (GD), a global leader in providing innovative, high technology and next-generation ground combat solutions to customers around the world announced today the introduction of Stryker Leonidas.

A working prototype of the Stryker Leonidas system at a recent field demonstration

After signing a strategic teaming agreement in October 2021, the companies have successfully integrated Epirus' high-power microwave array with the Stryker ground combat vehicle and will unveil the integrated system at the Association of the U.S. Army's (AUSA) Annual Meeting & Exposition in Washington, D.C.

Developed in under a year, Stryker Leonidas was recently field demonstrated at a U.S. government testing site successfully disabling individual drone targets and swarms of drones. The integration of Leonidas, the world's most powerful HPM phased array, with Stryker, the U.S. Army's largest and most reliable combat vehicle fleet brings counter-electronics capabilities to the frontlines – providing a proven and cost-effective layered defense solution for the maneuver force.

"The integration of Epirus' Leonidas system with General Dynamics Land System's Stryker vehicle provides the U.S. Army a cost-effective, maneuverable and tested defense capability against current and emerging threats to the warfighter," said Leigh Madden, Chief Executive Officer of Epirus. "Epirus' culture of innovation and GD's decades-long track record of delivering cutting-edge solutions will only continue as we work together to develop further capabilities."

Leonidas' counter-swarm effectiveness fills a pressing short range air defense (SHORAD) capability gap for the joint force as the threat of swarming drones continues to endanger troops and civilians overseas and in the homeland.

The continued evolution of adversaries' swarming drone capabilities is matched by Epirus' software-weaponeering capabilities, which allows the system to continually intake new data, rapidly update its sophisticated waveforms and expand its magazine depth for enhanced SHORAD mission assurance across all domains. With its open architecture, Leonidas can integrate with a range of Command-and-Control (C2) platforms to detect, track and defeat the increasing deployment of drone technology by adversaries and non-state actors.

"Adding Leonidas' counter-electronics capabilities to the Stryker combat vehicle provides the joint force with unmatched mobile protection from the continuously evolving threat of weaponized drones," said Gordon Stein, Vice President of U.S. Operations at General Dynamics Land Systems. "As the Army's largest combat vehicle fleet, Stryker is combat-proven, cost-effective, highly mobile, versatile, sustainable and transportable and continues to be a highly sought platform beyond the Stryker Brigade Combat Team formations."

Stryker Leonidas is the latest edition to Epirus' suite of HPM systems – along with the company's ground-based Leonidas system for surface-to-air defense and Leonidas Pod, a first-of-its kind, mobile and compact HPM system. When deployed in tandem, the Leonidas family of products create a layered counter-swarm and counter-electronics field of protection. Epirus is also actively exploring future capabilities to defend against next-generation threats.

Epirus (Booth #253) and GD (Booth #801) will participate in this year's AUSA Annual Meeting & Exposition in Washington, D.C. (October 10-12) to showcase a full-scale Stryker Leonidas prototype on display in the GD exhibit.

ABOUT EPIRUS:
Epirus is a high-growth technology company developing solid-state, software-defined directed energy systems that enable unprecedented counter-electronics effects and power management solutions to optimize power efficiency in defense and commercial applications. With a constant emphasis on innovation, we are redefining the future of power to bring tomorrow's capabilities to life, today. And that's just the beginning. Visit our website to learn more about our innovative approach and cutting-edge product lines.

ABOUT GDLS:
Land Systems is a business unit of General Dynamics (NYSE: GD). Land Systems provides innovative design, engineering, technology, production, fielding and full life-cycle support for land combat vehicles around the globe. The company's extensive experience, customer-first focus and seasoned supply chain network provide unmatched capabilities to the U.S. military and its allies.

Epirus

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SOURCE Epirus
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ProfitScout ProfitScout 2 years ago
General Dynamics business units to participate in AUSA 2022

RESTON, Va., Oct. 4, 2022 /PRNewswire/ -- Four business units of General Dynamics (NYSE:GD) will be among the exhibitors at the Association of the U.S. Army's Annual Meeting & Exposition, scheduled for October 10 to 12, 2022, at the Walter E. Washington Convention Center in Washington, D.C.

Rendering of General Dynamics Land Systems' TRX Breacher, StrykerX, AbramsX and Stryker Leonidas.

The following is a list of General Dynamics products and solutions that will be displayed at the event.

General Dynamics Land Systems (Booth 801)

AbramsX: A main battle tank for the next generation, the AbramsX technology demonstrator features reduced weight for improved mobility and transportability, delivering the same tactical range as the M1A2 Abrams with 50% less fuel consumption. The AbramsX's hybrid power pack supports the U.S. Army's climate and electrification strategies, enhances silent watch capability and even allows for some silent mobility. With a reduced crew size and AI-enabled lethality, survivability, mobility, manned/unmanned teaming (MUM-T) and autonomous capabilities, AbramsX can be a key node in lethal battlefield networks and serve as a bridge from Abrams SEPv3 and SEPv4 to a future tank.

StrykerX: Supporting the Army's climate and electrification strategies, the StrykerX technology demonstrator brings to the Stryker family of vehicles capabilities such as silent movement, silent watch, exportable electric power and reduced fuel consumption via a hybrid diesel-electric power pack. StrykerX features a side-by-side crew compartment and more space for the infantry squad. Soldiers inside StrykerX are protected by an integrated Active Protection System and advanced electronic architecture with cyber defense. StrykerX's array of sensors provide its occupants 360-degree situational awareness and see-through armor capability.

Stryker Leonidas: This technology demonstrator adds counter-electronics capabilities to the Stryker family of vehicles via Epirus' Leonidas high-power microwave array. Stryker Leonidas' unlimited magazine depth for counter-electronics missions – counter-UAS among them – adds a key level to layered, mobile short-range air defense (M-SHORAD) for armed forces. Stryker Leonidas features on-board and networked target acquisition and the mobility to accompany all maneuver formations. The system successfully defeated individual targets and swarms of drones during a recent field demonstration.

TRX Breacher: The Tracked Robot 10-ton (TRX) technology demonstrator supports Army objectives for a Robotic Combat Vehicle, executing dull, dirty and dangerous missions so Soldiers don't have to. TRX's Breacher payload is designed to perform dangerous obstacle-reduction tasks and is the result of a partnership with Pearson Engineering. TRX's flatbed design integrates any payload with a class-leading payload-to-chassis ratio of 1:1. TRX is able to maneuver at speed with all formations and is transportable on CH-47 and C-130 aircraft. TRX also generates exportable power to support mission command operations and is hybrid-electric in support of the Army's climate and electrification strategy.

Mobile Protected Firepower (MPF): GD Land Systems won the Army's MPF competition in 2022 and has been awarded an initial low-rate-initial-production contract. The MPF vehicle has commonality with the Abrams SEPv3 turret systems and has larger-caliber main gun growth capability to provide firepower to Infantry Brigade Combat Teams (IBCTs). The MPF features add-on armor panels and under-vehicle IED protection, plus proven ammunition compartmentation for crew safety. Its high power-to-weight ratio and hydro-pneumatic suspension provide outstanding speed and cross-country maneuverability. MPF meets all transport mode specifications and is recoverable with organic IBCT assets.

Autonomous Vehicle Sustainment (AVS): Moving from reactive to predictive maintenance, GD Land Systems' Prognostic & Predictive Maintenance (PPMx) solution optimizes equipment performance and increases operational readiness while reducing the Army's cost of ownership of vehicle fleets. The on-platform Health, Usage, Monitoring System (HUMS/S42) is integrated with Next Generation Electronic Architecture to provide forward-looking, real-time Decision Actionable Logistics Information (DAI).

General Dynamics Mission Systems (Booth 1106)

Google Anthos For the Tactical Edge: In collaboration with Google Public Sector, GD Mission Systems will demonstrate how the Google Anthos platform has been adapted to automate application deployment and configuration management in a disconnected, intermittent and limited (DIL) environment, in support of operations at the tactical edge, making mission planning easier, faster and more collaborative. GD Mission Systems will demonstrate the seamless traversing of disparate networks to a common, cloud-based, data storage solution that provides continuity of data. This demo will build on the successful demo held at the AFCEA TechNet show in August.

Live Training Demo: This live training solution provides a software-based, tailorable and fully immersive training experience based on the Mk19 weapon system. Partnering with the best of industry to leverage commercial off-the-shelf technologies and featuring the new Magic Leap 2 immersive augmented reality headset, this solution provides capabilities now and sets the foundation for future live training solutions supporting the Army's complex, multi-domain fight.

Command & Control (C2) Capabilities Demo: This demo features a live demonstration of GD Mission Systems' battle management applications that empower tactical leaders to efficiently analyze, plan, rehearse, execute and review strategic operations. Backed by an innovative, resilient network solution and linked to a vehicle in the General Dynamics Land Systems booth, this GeoSuite solution utilizes an intuitive, map-centric interface, including unique multimedia tools, advanced planning capabilities and visualizations specifically focused on the operational environment. With a focus on rapid dissemination and sharing of critical information, GeoSuite delivers real-time, actionable intelligence and situational data in DIL environments.

Integrated Mission Planning and Airspace Control Tools (IMPACT) Demo – The IMPACT demo will provide attendees an understanding of how the IMPACT software suite converges the mission-planning capabilities of the Aviation Mission Planning Systems (AMPS) with the airspace control capabilities of the Tactical Airspace Integration System (TAIS) into a single, role-based, hardware-agnostic, software-centric solution. IMPACT will span command post, mobile/handheld and mounted computing environments, including the Aviation Mission Command Server (AMCS) on aviation platforms and will provide for greater Army, Joint and partner nation interoperability.

Common Hardware Systems-5 (CHS-5): Common Hardware Systems-5 (CHS-5) provides U.S. military customers rapid, affordable access to a wide range of COTS computing and network equipment for tactical operations. GD provides technical assistance and logistics support for a wide range of services, from the rapid repair and replacement of equipment at strategically located Regional Support Centers to the deployment of field service personnel to CHS-5 user locations worldwide. Available to all military services and across the federal government, the CHS-5 contract is a "one-stop shop" for tactical IT hardware solutions that now features a new Basic Purchase Option for greater ease of use.

GPS Source Assured Position, Navigation and Timing (APNT): APNT solutions such as the Mounted Assured PNT (MAPS GEN-1) and the new Horizon Nuller antenna provide critical timing and position data solutions in GPS-denied and GPS-degraded environments. MAPS GEN-1, based on the GPS Source SENTRySCOUT system, provides valid and APNT data, independent of the availability or integrity of GPS signals. The core of the MAPS GEN-1 system, the ED3 PNT Hub, is widely utilized in a variety of ground vehicle applications and is the lead platform for Military GPS User Equipment (MGUE). MAPS GEN-1 is currently being fielded by the Army, and the next generation of APNT system is in development.

Shadowcat Radio: The new Shadowcat radio provides a modern, affordable, resilient radio for squad-level communications in contested environments. Its advanced RF technology makes it less detectable and susceptible to interference and jamming attempts of the radio's transmission by adversaries. As additional Shadowcats are added to the network, they work together, offering the resilience of distributed, cooperative beamforming that increases the effective signal power, increases communication range and provides directional diversity to overcome physical obstructions, such as foliage, buildings and jamming.

Tactical Electronic Warfare Systems (TEWS): GD Mission Systems will feature a selection of electronic warfare products that provide users with the capability to quickly detect, locate and identify a wide range of signals in the electromagnetic spectrum to quickly deliver the right information at the right time for situational awareness. The Tactical Electronic Warfare System (TEWS) is a dedicated all-weather, 24-hour, ground tactical electronic support and electronic attack system that provides the commander with options to create multiple dilemmas to a designing enemy by decreasing the sensor to shooter timeline.

SATCOM-on-the-Move: SATCOM-on-the-Move (SOTM) antennas provide secure, beyond-line-of-sight communications for troops operating in remote locations. Designed for rugged tactical environments, these antennas can be mounted on fast-moving vehicles, aircraft and UAVs to provide reliable X-, Ku- or Ka- Mil and commercial band satellite communications anytime, anywhere.

truMLS: truMLS is an open-platform solution that eliminates the need for multiple networks, applications and endpoints at varying security and access levels. By streamlining multilevel information access into a single access point, customers can increase assured information sharing, improve IT system efficiencies and lower costs using the tools designed for easy application and enhanced management.

MD9016 Tactical Displays: GD Mission Systems-Canada's MD9016 ultra-high-definition tactical displays will be demonstrated for the first time at AUSA. Whether installed on a light armored vehicle, infantry fighting vehicle or main battle tank, these new widescreen displays enable flexible multirole configurations for enhanced situational awareness and near-panoramic views. As part of the 9000 series of displays, the MD9016 offers crystal-clear visibility of surroundings and improved detection of obstacles with 4K resolution.

Advanced Vetronics Systems: GD Mission Systems-Canada's suite of advanced vetronics capabilities includes ultra-high-definition displays (4K), embedded computing, low-latency video management, intelligent fire control and stabilization, enabling firing programmable ammunition, networking, power and communication. With real-time situational awareness, high-performance computing and built-in cyber protection, these solutions are tailored for mission success. Using a modular open standards approach and a scalable framework, GD Mission Systems' advanced technologies come with decades-long lifecycle support so that critical systems stand the test of time.

General Dynamics Ordnance and Tactical Systems (Booth 827)

Iron Fist Active Protection System (APS): Iron Fist is the trusted active protection system responsible for safeguarding the nation's most valuable asset, the U.S. Soldier. Iron Fist uses independent optical sensors, tracking radar, launchers and countermeasure munitions to defeat threats at a safe distance. The system provides 360-degree next-generation protection coverage for crew and vehicle survivability in open terrain and urban environments. Its low-SWaP, high-modularity design and ease of integration position Iron Fist as an optimal active protection solution for any fighting vehicle. GD Ordnance and Tactical Systems and Elbit Systems have teamed to offer a superior solution to protect soldiers.

XM1210: The XM1210 combines guidance capability with warhead lethality to form a solution compatible with the Army's future Extended Range Cannon Artillery (ERCA) system. The XM1210 is redefining the range of cannon artillery, demonstrating more than 70 kilometers from a 58-caliber cannon. This solution provides the ability to deliver near-precision strike capability and greater standoff distance for artillery forces from enemy fire, ultimately enhancing performance and increasing safety for the artillery warfighter.

Individual Assault Munition (IAM): Nested in the Army's Soldier Lethality requirement, the IAM is a force enabler that will allow U.S. forces to dominate complex and urban terrain and to engage targets from protected positions without exposing soldiers to enemy fires and effects. The one-shot, disposable, shoulder-launched weapon will combine the best capabilities of the M72 Light Anti-Tank Weapon, M136 Anti-Tank Weapon, M136E1 and M141 Bunker Defeat Munition, and replace them with a single munition. GD Ordnance and Tactical Systems and Dynamit Nobel Defence (DND) have teamed to offer superior shoulder-launched technology, leveraging DND's Recoilless Grenade Weapon (RGW) family of shoulder-launched munitions to satisfy IAM requirements.

General Dynamics Information Technology (GDIT) (Booth 1106)

Digital Engineering Environment (DEE): GDIT provides a secure "digital framework" to allow cross-functional teams to collaborate and make better decisions as they manage, create and test digital prototypes before investing resources in live solutions. DEE allows its users to create more complete solutions to their problems, at lower risk and with long-term cost savings. DEE can transform applications ranging from weapon system developments to enterprise IT.

Zero Trust: Zero trust is accelerating cybersecurity efforts across the federal government. Using technologies such as AI and automation, GDIT delivers advanced cyber capabilities that drive a federated zero trust capability for enterprise and tactical deployments and protect agencies against current and emerging threats.

Identity, Credentialing and Access Management (ICAM): ICAM is the U.S. Defense Department's premier access management solution and is foundational to zero trust implementation. GDIT has developed a federated ICAM solution that allows organizations to share identity information across an enterprise while maintaining local control and knowledge of who and what is on the network at any time. From the enterprise to the edge, GDIT demonstrates ICAM use cases tailored for disconnected environments.

Common Hardware Systems (CHS-6): Leveraging the power of General Dynamics and 25-plus years of proven delivery to our customer, GDIT combines expertise operating global supply chains with the interoperable commercial technology solutions our warfighters demand.

For more information on these solutions or for stock imagery, contact our media representatives:

General Dynamics Land Systems: Robin Porter, 248-459-9200, porterr@gdls.com
General Dynamics Mission Systems: Tom Crosson, 202-309-7583, tom.crosson@gd-ms.com
General Dynamics Ordnance and Tactical Systems: Berkley Whaley, 727-503-4897, berkley.whaley@gd-ots.com
General Dynamics Information Technology: Oliver Nutt, 703-852-1599, oliver.nutt@GDIT.com
Follow #GDatAUSA for General Dynamics news during the show.

General Dynamics Land Systems: @GD_LandSystems
General Dynamics Mission Systems: @GDMS and @GDMS_C
General Dynamics Ordnance and Tactical Systems: @GD_OTS
General Dynamics Information Technology: @GDIT

About General Dynamics. Headquartered in Reston, Virginia, General Dynamics is a global aerospace and defense company offering a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people across 65 countries worldwide and in all 50 U.S. states, generating $38.5 billion in revenue in 2021. More information is available at http://www.gd.com.

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SOURCE General Dynamics
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IHuser IHuser 2 years ago
imo...with my familys investment in war.......OTC,,,,,, get on this and believe me OTC will own this ticker within four months......i toldt hem to, GD
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IHuser IHuser 2 years ago
imo... i believe i am going to have to get involved in this.....so this is about killing people,,,interesting....and with my tax money....hmm....GD
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ProfitScout ProfitScout 2 years ago
General Dynamics Land Systems to Provide Abrams Tanks to Poland Under $1.1 Billion Foreign Military Sales Order

Polish Army to receive 250 tanks in the state-of-the-art M1A2 SEPv3 configuration

STERLING HEIGHTS, Mich., Aug. 25, 2022 /PRNewswire/ -- General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD), announced today that it has been awarded a Foreign Military Sales order from the U.S. Army worth up to $1.148 billion to deliver 250 M1A2 SEPv3 Abrams main battle tanks to Poland.

General Dynamics Land Systems was awarded a $1.1 billion U.S. Army contract to provide Abrams tanks to Poland.

The state-of-the-art M1A2 SEPv3 configuration features technological advancements in communications, fire control and lethality, reliability, sustainment and fuel efficiency, plus upgraded armor. Additionally, the SEPv3 Abrams is designed to seamlessly accept future upgrades.

"We are pleased to have been chosen to provide this critical armored capability to our allies in Poland," said Chris Brown, vice president of global strategy and international business development at General Dynamics Land Systems. "The M1A2 SEPv3 Abrams is the most advanced main battle tank in the world, and we look forward to getting it into the hands of Polish Soldiers."

General Dynamics Land Systems provides innovative design, engineering, technology, production and full life-cycle support for land combat vehicles around the globe. The company's extensive experience, customer-first focus and seasoned supply chain network provide unmatched capabilities to the U.S. military and its allies. More information about General Dynamics Land Systems is available at http://www.gdls.com.

General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people worldwide and generated $38.5 billion in revenue in 2021. More information about General Dynamics is available at http://www.gd.com.

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ProfitScout ProfitScout 2 years ago
General Dynamics Land Systems Awarded up to $280 Million for Trophy Active Protection System Kits for Abrams Tanks

STERLING HEIGHTS, Mich., July 13, 2022 /PRNewswire/ -- General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD) announced today that it has been awarded a competitive award worth up to $280,112,700 to procure Trophy Ready Kits as an Active Protection System (APS) for Abrams main battle tanks.

General Dynamics Land Systems was awarded a competitive award worth up to $280,112,700 to procure Trophy Ready Kits as an Active Protection System (APS) for Abrams main battle tanks.

Trophy rapidly detects, classifies and engages threats such as recoilless rifles, antitank guided missiles, rockets, tank rounds and rocket-propelled grenades. The detection of threats, including their launch location, allows Abrams tank crews to rapidly handle targets.

The kits will be added to M1A2 SEPv2 and M1A2 SEPv3 Abrams tanks as needed, continuing their fielding across the Army.

"We are honored to have been chosen by the Army to continue to provide this important capability to keep tank crew members and their vehicles safe on the battlefield," said Gordon Stein, vice president of U.S. operations at General Dynamics Land Systems.

Work on the indefinite delivery, indefinite quantity contract is expected to extend into mid-2027.

General Dynamics Land Systems provides innovative design, engineering, technology, production and full life-cycle support for land combat vehicles around the globe. The company's extensive experience, customer-first focus and seasoned supply chain network provide unmatched capabilities to the U.S. military and its allies. More information about General Dynamics Land Systems is available at http://www.gdls.com.

General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people worldwide and generated $38.5 billion in revenue in 2021. More information about General Dynamics is available at http://www.gd.com.

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ProfitScout ProfitScout 2 years ago
GENERAL DYNAMICS NASSCO AWARDED $600 MILLION TO SUPPORT CONSTRUCTION OF THREE U.S. NAVY SHIPS

Contract modifications provide for T-AO 211, T-AO 212 and ESB 8

SAN DIEGO , June 29, 2022 /PRNewswire/ -- General Dynamics NASSCO, a subsidiary of General Dynamics (NYSE: GD), announced today that it was awarded $600 million in U.S. Navy contract modifications for long-lead-time material to support construction of the seventh and eighth ships in the John Lewis-class fleet oiler (T-AO) program, as well as the sixth ship in the Expeditionary Sea Base (ESB) program.

A John Lewis-class fleet oiler (top) and an Expeditionary Sea Base (ESB) ship (bottom). Both ship classes are built for the U.S. Navy by General Dynamics NASSCO in San Diego.

"NASSCO shipbuilders are honored to build T-AO 211, T-AO 212 and ESB 8," said Dave Carver , president of General Dynamics NASSCO. "The NASSCO team is excited to work with our Navy partners to ensure the success of both historic programs which are critical in supporting the Navy's forward presence."

The contract modifications for long-lead-time material provide $500 million for T-AO 211 and 212, and $100 million for ESB 8.

Construction is scheduled to begin in the third quarter of 2023 and continue into 2027, providing the opportunity to sustain and grow the workforce along San Diego's working waterfront. NASSCO's unique location in San Diego Bay provides shipbuilders and skilled tradespeople with access to the nation's leading maritime support businesses, and highly trained employees allow NASSCO to build and repair Navy ships in an efficient manner.

In 2011, the Navy awarded NASSCO with a contract to design and build the first two ships in the newly created Mobile Landing Platform (MLP) program, the USNS Montford Point and USNS John Glenn . The program evolved, adding the USS Lewis B. Puller , USS Hershel "Woody" Williams and the USS Miguel Keith , USNS John L. Canley and the USNS Robert E. Simanek (ESB 7), configured and renamed as ESBs. ESBs are highly flexible platforms designed to support multiple maritime-based missions, including Air Mine Counter Measures (AMCM), Special Operations Forces (SOF) and limited crisis response. Acting as a mobile sea base, the 784-foot ship has a 52,000 square-foot flight deck to support MH-53, MH-60, MV-22 tilt-rotor and H1 aircraft operations. Following the delivery of the first five ships to the U.S. Navy, the sixth ship, the USNS John L. Canley , was christened on June 25 . The USNS Robert E. Simanek (ESB 7), the seventh ship, is currently under construction.

In 2016, the Navy awarded NASSCO with a contract to design and build the first six ships in the next generation of fleet oilers, the John Lewis-class (T-AO 205), previously known as the TAO(X). Designed to transfer fuel to U.S. Navy carrier strike group ships operating at sea, the 742-feet vessels have a full load displacement of 49,850 tons, with the capacity to carry 157,000 barrels of oil, a significant dry cargo capacity, aviation capability and up to a speed of 20 knots. The first ship, the future USNS John Lewis (T-AO 205), is scheduled for delivery later this year. The future USNS Harvey Milk (T-AO 206), the future USNS Earl Warren (T-AO 207), and the future USNS Robert F. Kennedy (T-AO 208), are currently under construction.

General Dynamics NASSCO specializes in the design and construction of Navy and commercial ships and is a major provider of repair services for the U.S. Navy, with capabilities in San Diego ; Norfolk, Virginia ; Mayport, Florida ; and Bremerton, Washington . More information about General Dynamics NASSCO is available at www.nassco.com .

General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people worldwide and generated $38.5 billion in revenue in 2021. More information about General Dynamics is available at http://www.gd.com .

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ProfitScout ProfitScout 2 years ago
General Dynamics Board Declares Dividend

RESTON, Va., June 1, 2022 /PRNewswire/ -- The board of directors of General Dynamics (NYSE: GD) today declared a regular quarterly dividend of $1.26 per share on the company's common stock, payable August 5, 2022, to shareholders of record on July 1, 2022.

General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people worldwide and generated $38.5 billion in revenue in 2021.
More information about General Dynamics is available at http://www.gd.com.

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General Dynamics Mission Systems and Iridium Awarded $324 Million Ground Control and Operations Contract by the Space Development Agency

FAIRFAX, Va. and MCLEAN, Va., May 27, 2022 /PRNewswire/ -- General Dynamics Mission Systems (NYSE: GD), and Iridium Communications Inc. (NASDAQ: IRDM) announced today that they have been awarded a contract by the Space Development Agency in the amount of $324,516,613, including a base amount of $162,954,122 and $161,562,491 in options, to establish the ground Operations and Integration (O&I) segment for Tranche 1 of the National Defense Space Architecture (NDSA). Together, General Dynamics Mission Systems and Iridium will build ground entry points and operations centers for the NDSA as well as provide network operations and systems integration services for the SDA's next tranche of proliferated low-earth orbit satellites.

The core operations and integration functions include enterprise management, network management, mission management, payload data management, and constellation monitoring that spans the ground, link, space, and user segments of the architecture. Working with partners at KSAT USA (KSAT Inc.), Raytheon and EMERGENT, the General Dynamics Mission Systems-Iridium team will develop, equip, staff, operate and maintain state-of-the-art, commercial-like operations centers, acquire and operate ground entry points, and lead ground-to-space integration efforts.

"We are incredibly proud to bring our long heritage of mission-critical space and ground communications and networking expertise to the Space Development Agency," said Chris Brady, president, General Dynamics Mission Systems. "Together with our partners, we're excited to build the foundation for the SDA's initial warfighting capability and backbone of Joint All-Domain Command and Control."

"Iridium, General Dynamics Mission Systems and the U.S. government have a long and successful history of working together and partnering on this project is a natural evolution of our relationship," said Matt Desch, CEO, Iridium. "Iridium's 25 years of experience operating in LEO makes us uniquely qualified for this opportunity, and we're honored to take on this tremendous responsibility in support of this next generation network."

About General Dynamics Mission Systems

General Dynamics Mission Systems, a business unit of General Dynamics provides mission-critical solutions to the challenges facing defense, intelligence and cyber security customers across all domains. Headquartered in Fairfax, Virginia, General Dynamics Mission Systems employs more than 12,000 people worldwide. For more information about General Dynamics Mission Systems' broad portfolio of capabilities, visit http://gdmissionsystems.com or follow @GDMS on Twitter.

About Iridium Communications Inc.

Iridium® is the only mobile voice and data satellite communications network that spans the entire globe. Iridium enables connections between people, organizations and assets to and from anywhere, in real time. Together with its ecosystem of partner companies, Iridium delivers an innovative and rich portfolio of reliable solutions for markets that require truly global communications. In 2019, the company completed a generational upgrade of its satellite network and launched its new specialty broadband service, Iridium Certus®. Iridium Communications Inc. is headquartered in McLean, Va., U.S.A., and its common stock trades on the Nasdaq Global Select Market under the ticker symbol IRDM. For more information about Iridium products, services and partner solutions, visit http://www.iridium.com.

Media Points of Contact:

General Dynamics Mission Systems

Iridium

Tom Crosson

Jordan Hassin

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703-287-7421

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ProfitScout ProfitScout 2 years ago
General Dynamics Electric Boat awarded $313.9 million contract modification by U.S. Navy for Columbia-class submarines

GROTON, Conn., May 19, 2022 /PRNewswire/ -- General Dynamics Electric Boat, a business unit of General Dynamics (NYSE: GD), announced today it was awarded a modification to the previously awarded Columbia Integrated Product and Process Contract by the Naval Sea Systems Command. The modification has a total value of $313.9 million.

The contract modification will support submarine industrial base development and expansion for the construction of the Columbia-class fleet ballistic missile submarines as well as additional support for the manufacturing, procurement and delivery efforts for United Kingdom Strategic Weapon Support System kits.

"Ballistic-missile submarines are the critical, survivable leg of our nation's nuclear arsenal and Columbia is the Navy's top acquisition priority," said Kevin Graney, president of General Dynamics Electric Boat. "We are grateful for the steadfast trust and support the Navy and Congress have in Electric Boat as we continue the work we began 15 years ago to deliver Columbia and the next 60 years of deterrence for our nation."

Electric Boat will continue to work with its vendors and sub-contractors to optimize efforts to ramp up production capability and support the increased demand associated with the Columbia program.

At 560-feet long with a displacement of nearly 21,000 tons, the submarines of the Columbia class will be the largest ever built by the United States. The Columbia will have a life-of the-ship fuel core that will power the submarine for its entire service life, eliminating the need for a mid-service refueling and increasing the time the ship can spend on deployment. Electric Boat will deliver the lead ship to the Navy in 2027.

General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people worldwide and generated $38.5 billion in revenue in 2021. More information is available at http://www.gd.com.

General Dynamics Electric Boat was awarded a modification to the previously awarded Columbia Integrated Product and Process Contract by the Naval Sea Systems Command. (Rendering of Columbia-class submarine.)

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ProfitScout ProfitScout 2 years ago
General Dynamics Mission Systems Receives NSA Contract for High Assurance Ethernet Encryptor
May 17 2022 - 11:30AM
PR Newswire (US)

High-speed security solution provides scalable encryption to protect classified high-availability data centers and cloud environments, securing critical information access, sharing and collection from around the globe

FAIRFAX, Va., May 17, 2022 /PRNewswire/ -- General Dynamics Mission Systems announced today that it has been awarded a contract from the National Security Agency (NSA) to design, develop, test and deliver a certifiable 400 Gbps high-assurance encryption solution that is compliant with the Ethernet Data Encryption Cryptographic Interoperability Specification (EDE-CIS).

General Dynamics Mission Systems has been awarded a contract from the NSA for a certifiable 400 Gbps high-assurance encryption solution that is compliant with the Ethernet Data Encryption Cryptographic Interoperability Specification (EDE-CIS).

The winning solution includes the modular TACLANE E-Series Adaptable Security Platform (ASP) and the TACLANE-ES400 Cryptographic Module. Each module supports throughput ranging from 20 Gbps to 400 Gbps. When the TACLANE-ASP is fully populated with two ES400 modules, the solution supports aggregate speeds of 1.6 Tbps, more than eight times faster than any other certified encryptor today. The high-speed, fault-tolerant solution is engineered to efficiently scale power needs while maintaining performance. Its modular architecture allows customers to right-size their encryption solution to meet specific needs through the application of user-swappable hardware components, crypto modules and software upgrades.

"General Dynamics Mission Systems is known for providing the most widely deployed high assurance encryptors in the world. With the development of the ASP and TACLANE-ES400 cryptographic modules, we are continuing to advance our encryption portfolio to address our customers' need for high performance processing and speed with uncompromised data security and efficient power consumption," said Brian Morrison, vice president for the Cyber Systems line of business with General Dynamics Mission Systems. "This win demonstrates our commitment to our customers who require the highest of speeds. It also validates our unique modular approach, fully aligned with NSA's vision of Crypto as IT (CIT). We will deliver a future-proof TACLANE E-Series portfolio, which will ensure that our customers' investments can be re-used as speeds increase."

The design of the TACLANE E-Series ASP reduces the equipment footprint while balancing power and cooling needs. Its redundant design for power and failover eases maintenance and sustainability requirements, increasing operational availability and reducing downtime to keep mission critical networks working. When bandwidth and security needs grow, the design of the TACLANE E-Series ASP allows for end-users to add functionality and capability without infrastructure changes.

As with all TACLANE products, the TACLANE ASP and the ES400 Crypto Module are supported by the GEM One Encryptor Manager with the new Key Management Infrastructure Delivery Only Client feature to simplify operations and facilitate easier management and configuration. In addition to this feature, GEM One provides the ability to rapidly assess overall network health and to quickly isolate and recover from failures, eliminating downtime.

General Dynamics Mission Systems, a business unit of General Dynamics (NYSE: GD), provides mission-critical solutions to defense, intelligence and cyber-security customers across all domains. Headquartered in Fairfax, Virginia, General Dynamics Mission Systems employs more than 12,000 people worldwide. For more information about General Dynamics Mission Systems' broad portfolio of capabilities, visit http://www.gdmissionsystems.com or follow @GDMS on Twitter.

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ProfitScout ProfitScout 2 years ago
General Dynamics Appoints Krugh as President of Bath Iron Works

RESTON, Va., May 5, 2022 /PRNewswire/ -- General Dynamics (NYSE:GD) announced today that it has appointed Gulfstream Aerospace executive Charles F. Krugh as president of General Dynamics Bath Iron Works.

"Chuck's leadership, proven track record in manufacturing and expertise in managing complex supply chains will be an enabler to Bath Iron Works as it expands and increases the pace of shipbuilding for the U.S. Navy," said Robert E. Smith, executive vice president for Marine Systems.

A U.S. Army veteran, Krugh served in a variety of aerospace manufacturing roles before joining General Dynamics in 2011 as a senior vice president and general manager for Jet Aviation. He was appointed as Gulfstream's vice president for supplier operational support in 2018.

General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people worldwide and generated $38.5 billion in revenue in 2021. More information about General Dynamics Bath Iron Works is available at http://www.gdbiw.com. More information about General Dynamics is available at http://www.gd.com.

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ProfitScout ProfitScout 2 years ago
General Dynamics Reports First-Quarter 2022 Financial Results
April 27, 2022 (PR Newswire)
 -- Net earnings of $730 million on revenue of $9.4 billion
-- Diluted EPS of $2.61, up 5.2% year over year
-- Cash from operating activities of $2 billion
-- Highest Aerospace backlog in more than a decade

Full News Story:  https://finance.yahoo.com/news/general-dynamics-reports-first-quarter-110000053.html
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General Dynamics to Webcast 2022 First-Quarter Financial Results Conference Call
April 8, 2022 (PR Newswire)

General Dynamics (NYSE: GD) will webcast its first-quarter 2022 financial results conference call on Wednesday, April 27, 2022, beginning at 9 a.m. EST.

The live webcast of the conference call will be available at http://www.gd.com. A replay will be available shortly after the live presentation.

More information about General Dynamics is available at http://www.gd.com.

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ProfitScout ProfitScout 2 years ago
General Dynamics Chairman and CEO to speak at the 2022 J.P. Morgan Industrials Conference

RESTON, Va., March 8, 2022 /PRNewswire/ -- General Dynamics (NYSE: GD) Chairman and Chief Executive Officer Phebe N. Novakovic will speak at the 2022 J.P. Morgan Industrials Conference on Wednesday, March 16, at 10:30 a.m. EDT.

A link to the live webcast of the presentation will be available at http://www.gd.com.

General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people worldwide and generated $38.5 billion in revenue in 2021. More information is available at http://www.gd.com.

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ProfitScout ProfitScout 2 years ago
GDIT AWARDED $162M DISA IDENTITY, CREDENTIAL AND ACCESS MANAGEMENT PHASE III PRODUCTION OTA AGREEMENT

GDIT to develop and deploy DoD and DISA's enterprise ICAM solution in evolution toward next-generation, zero-trust architectures

FALLS CHURCH, Va. , Feb. 16, 2022 /PRNewswire/ -- General Dynamics Information Technology (GDIT), a business unit of General Dynamics (NYSE:GD), announced today that it has been awarded the Identity, Credential and Access Management (ICAM) Other Transaction Authority (OTA) Phase III production agreement by the Defense Information Systems Agency (DISA). The agreement has a total estimated value of $162 million with a one-year base period and four option years.

GDIT has been awarded the Identity, Credential and Access Management (ICAM) Other Transaction Authority (OTA) Phase III production agreement by the Defense Information Systems Agency (DISA).

GDIT is delivering the DISA ICAM solution that will secure identity, access and account management for Department of Defense (DoD) applications. Phases I and II, which were awarded to GDIT, included the successful completion of a pilot prototype. In Phase III, GDIT will continue to onboard DoD's financial management applications into the ICAM solution while expanding the scope of the program to include non-financial management applications.

GDIT's ICAM solution for DISA will enable interoperability with other agencies, which reduces cost and enhances security for DoD mission partners. This interoperability, combined with ICAM's automation capabilities, also enables Joint All-Domain Command and Control's (JADC2) goal of sharing data securely and seamlessly among agencies to support faster decision-making. This centralized approach leverages GDIT's expertise in cyber and cloud to improve DoD's security architecture.

"DoD and DISA's enterprise ICAM solution will serve as a critical pillar of its cybersecurity strategy and ultimate push toward a zero-trust architecture," said Amy Gilliland , GDIT president. "As a foundational element of JADC2, it is also key to DoD's vision of a connected joint force. We are looking forward to partnering with the DoD to achieve this vision."

General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people worldwide and generated $38.5 billion in revenue in 2021. More information about General Dynamics Information Technology is available at http://www.gdit.com . More information about General Dynamics is available at http://www.gd.com .


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ProfitScout ProfitScout 2 years ago
GENERAL DYNAMICS MISSION SYSTEMS AWARDED $229 MILLION U.S. ARMY CONTRACT TO BUILD NEXT GENERATION CRYPTOGRAPHIC KEY LOADER

FAIRFAX, Va. , Feb. 7, 2022 /PRNewswire/ -- General Dynamics Mission Systems announced today that it was awarded a contract by the U.S. Army to develop and produce a certified hand-held device to manage and transfer cryptographic key material and mission planning data. Under this contract, awarded by the Army's Program Executive Office Command, Control, Communications-Tactical, General Dynamics will design and build a National Security Agency-certified key-loader: The Next Generation Load Device-Medium (NGLD-M). The initial value of this multiple-award, indefinite delivery, indefinite quantity (IDIQ) contract is $229 million , with a 10-year period of performance, during which the U.S. Army plans to procure 265,000 units.

General Dynamics Mission Systems was awarded a contract by the U.S. Army to develop and produce a certified hand-held device to manage and transfer cryptographic key material and mission planning data.

The NGLD-M will be used broadly by U.S. government agencies and U.S. global partners to replace aging Simple Key Loader fill devices. The NGLD-M devices will transfer the strongest NSA-generated cryptographic keys to tactical, strategic, and enterprise network systems operating from unclassified up to the highest levels of security classification.

"We are proud to partner with the Army to bring our industry-leading crypto experience to bear, along with a powerful user experience team," said Chris Brady , president of General Dynamics Mission Systems. "Our device will be designed with the mobile Soldier in mind to ensure security and ease of use, while standing up to the rigors of a tactical environment."

"By leveraging our demonstrated crypto, key management, and tactical computing expertise, we will deliver an accelerated, low-risk, sustainable, NSA-certified NGLD-M solution," said Brian Morrison , vice president for the Cyber Systems line of business with General Dynamics Mission Systems. "It will be built from the ground up to support useability and security, with significant modularity to allow future upgrades."

General Dynamics Mission Systems, a business unit of General Dynamics (NYSE: GD), provides mission-critical solutions to defense, intelligence and cyber-security customers across all domains. General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people worldwide and generated $38.5 billion in revenue in 2021. More information about General Dynamics Mission Systems is available at www.gdmissionsystems.com . More information about General Dynamics is available at http://www.gd.com .


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ProfitScout ProfitScout 2 years ago
General Dynamics to Start Work on $518M Global Logistics Contract to Support U.S. Army CECOM

FALLS CHURCH, Va., Jan. 31, 2022 /PRNewswire/ -- General Dynamics Information Technology (GDIT), a business unit of General Dynamics (NYSE:GD), announced today that it has received a $518 million task order award from the U.S. Army Communications Electronics Command (CECOM) to provide logistics, sustainment and maintenance services for joint U.S. and coalition forces worldwide within the Army Field Support Brigade (AFSB) regions.

GDIT has received a $518 million task order award from the U.S. Army Communications Electronics Command (CECOM) to provide logistics, sustainment and maintenance services for joint U.S. and coalition forces worldwide within the Army Field Support Brigade (AFSB) regions.
GDIT has received a $518 million task order award from the U.S. Army Communications Electronics Command (CECOM) to provide logistics, sustainment and maintenance services for joint U.S. and coalition forces worldwide within the Army Field Support Brigade (AFSB) regions.

The task order was provided under the Responsive Strategic Sourcing for Services Multiple Award indefinite delivery, indefinite quantity contract awarded in April 2021 to a General Dynamics joint venture including GDIT, General Dynamics Mission Systems, General Dynamics Ordnance and Tactical Systems and General Dynamics Land Systems. The Government Accountability Office (GAO) announced in December that work could start following the dismissal of two contract award protests.

The Worldwide Field Support (WFS) task order includes support for current and future C5ISR systems, equipment, and ancillary operational requirements and expands GDIT's Army logistics footprint by providing hardware and software field support to warfighters around the globe.

"We're excited to accelerate work on this important program which brings together expertise from across General Dynamics, focusing our collective hardware and software systems solutions on providing CECOM with an innovative and cost-effective approach to supporting the Warfighter's mission," said Amy Gilliland, president of GDIT.

General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people worldwide and generated $38.5 billion in revenue in 2021. More information about General Dynamics Information Technology is available at http://www.gdit.com. More information is available at http://www.gd.com.


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ProfitScout ProfitScout 2 years ago
General Dynamics Reports Fourth-Quarter and Full-Year 2021 Financial Results
January 26, 2022 (PR Newswire)

https://finance.yahoo.com/news/general-dynamics-reports-fourth-quarter-120000286.html

General Dynamics (NYSE: GD) today reported quarterly net earnings of $952 million, or $3.39 diluted earnings per share (EPS), on $10.3 billion in revenue. For the full year, net earnings were $3.3 billion, or $11.55 per diluted share, on revenue of $38.5 billion.

Operating margin was 11.5% for the quarter and 10.8% for the full year. The defense segments collectively delivered revenue and operating earnings for the year that were the highest in the company's history.

"Our continued focus on operating performance and protecting the health and safety of our employees contributed to strong fourth-quarter and full-year results," said Phebe N. Novakovic, chairman and chief executive officer. "Furthermore, favorable cash flow has enabled us to continue reducing debt, returning value to shareholders and investing in future growth."

Cash Net cash provided by operating activities in the quarter totaled $1.7 billion, or 177% of net earnings. For the year, net cash provided by operating activities totaled a record-high $4.3 billion, or 131% of net earnings. For the year, the company reduced debt by $1.5 billion, invested $887 million in capital expenditures, paid $1.3 billion in dividends, and repurchased $1.8 billion in shares, ending 2021 with $1.6 billion in cash and equivalents on hand.

Backlog Orders remained strong across the company with a consolidated book-to-bill ratio, defined as orders divided by revenue, of 1-to-1 for the quarter and the year. In addition to company-wide backlog of $87.6 billion, estimated potential contract value, representing management's estimate of additional value in unfunded indefinite delivery, indefinite quantity (IDIQ) contracts and unexercised options, was $39.9 billion at year end. Total estimated contract value, the sum of all backlog components, was $127.5 billion.

In the Aerospace segment, backlog grew in the quarter to $16.3 billion, up 40% from the year-ago quarter, driven by the strongest order-year for Gulfstream since 2008. Book-to-bill was 1.7-to-1 for the quarter and 1.6-to-1 for the year.

Significant awards in the quarter for the Marine Systems, Combat Systems and Technologies segments included $1.1 billion for several key contracts for classified customers and options totaling $140 million of additional potential value; $820 million from the U.S. Navy to provide ongoing lead yard services for the Virginia-class submarine program; $555 million to produce Piranha 5 wheeled armored vehicles and provide associated support services to the Romanian Armed Forces; a contract with a maximum potential value of $535 million for hardware, software and logistics sustainment support for the U.S. Army; $355 million with a maximum potential value of $600 million to design, develop, implement and operate a state's healthcare exchange; $305 million for the production of an M1A2 Abrams tank variant for an international customer; and a contract with a maximum potential value of $220 million for the development, production and sustainment of a cryptographic touchscreen wireless device for the Army.

About General Dynamics Headquartered in Reston, Virginia, General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people worldwide and generated $38.5 billion in revenue in 2021. More information is available at http://www.gd.com.

Certain statements made in this press release, including any statements as to future results of operations and financial projections, may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements are based on management's expectations, estimates, projections and assumptions. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. Additional information regarding these factors is contained in the company's filings with the Securities and Exchange Commission, including, without limitation, its Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K. All forward-looking statements speak only as of the date they were made. The company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.

WEBCAST INFORMATION: General Dynamics will webcast its fourth-quarter and full-year 2021 financial results conference call at 9 a.m. EST on Wednesday, January 26, 2022. The webcast will be a listen-only audio event available at http://www.gd.com. An on-demand replay of the webcast will be available one hour after the end of the call and end on February 2, 2022. To hear a recording of the conference call by telephone, please call 866-813-9403 (international: +44 204-525-0658); passcode 645877. Charts furnished to investors and securities analysts in connection with General Dynamics' announcement of its financial results are available at www.gd.com. General Dynamics intends to supplement those charts on its website after its earnings call today to include information about 2022 guidance presented during the call.
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ProfitScout ProfitScout 3 years ago
General Dynamics to Webcast 2021 Fourth-Quarter and Full-Year Financial Results Conference Call

RESTON, Va., Jan. 10, 2022 /PRNewswire/ -- General Dynamics (NYSE: GD) will webcast its fourth-quarter and full-year 2021 financial results conference call on Wednesday, January 26, 2022, beginning at 9 a.m. EST.

The live webcast of the conference call will be available at http://www.gd.com. A replay will be available shortly after the live presentation.

More information about General Dynamics is available at http://www.gd.com.


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SOURCE General Dynamics
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