General Dynamics Corporation

GD

US3695501086

Aerospace & Defense

Market Closed - Nyse Other stock markets 04:00:02 2024-04-19 pm EDT			5-day change	1st Jan Change
288.6 ^USD	+1.17%		+0.26%	+11.15%

Apr. 18	Bernstein Adjusts Price Target on General Dynamics to $290 From $280	MT
Apr. 16	Goldman Sachs Adjusts General Dynamics' Price Target to $284 From $253, Keeps Neutral Rating	MT

General Dynamics Subsidiary Scores $600 Million to Help Build U.S. Navy Ships

June 29, 2022 at 01:14 pm EDT

By Kathryn Hardison

A subsidiary of aerospace and defense company General Dynamics Corp. was awarded $600 million to support construction of three U.S. Navy ships.

General Dynamics NASSCO said Wednesday that its modified contract with the Navy for long-lead-time material includes $500 million for the seventh and eighth ships in the John Lewis-class fleet oiler program, plus $100 million to help build the sixth ship in the Expeditionary Sea Base program.

Construction is expected to begin in the third quarter of 2023 and continue into 2027.

Shares of General Dynamics traded at $220.24, up 5.6% for the year.

Write to Kathryn Hardison at kathryn.hardison@wsj.com

(END) Dow Jones Newswires

06-29-22 1514ET

Latest news about General Dynamics Corporation

Bernstein Adjusts Price Target on General Dynamics to $290 From $280	Apr. 18	MT
Goldman Sachs Adjusts General Dynamics' Price Target to $284 From $253, Keeps Neutral Rating	Apr. 16	MT
Global markets live: Goldman Sachs, Apple, Salesforce, Boeing Tesla...	Apr. 15
Barclays Adjusts Price Target on General Dynamics to $310 From $285, Keeps Overweight Rating	Apr. 15	MT
Market outlook is uncertain, but optimism prevails	Apr. 15
Wall St set for higher open after Friday's sell-off amid Mideast jitters	Apr. 15	RE
Barclays Adjusts General Dynamics' Price Target to $310 From $285	Apr. 12	MT
Susquehanna Adjusts General Dynamics' Price Target to $333 From $301	Apr. 12	MT
China sanctions two US defence firms for selling Taiwan weapons	Apr. 11	RE
Deutsche Bank Raises General Dynamics' Price Target to $324 From $310, Maintains Buy Rating	Apr. 05	MT
Wells Fargo Adjusts Price Target on General Dynamics to $322 From $291, Keeps Overweight Rating	Apr. 04	MT
Toyota, GM Sales Signal Shift Back to Cheaper Cars	Apr. 03	MT
UBS Raises General Dynamics Price Target to $306 From $296, Maintains Neutral Rating	Apr. 02	MT
RBC Raises Price Target on General Dynamics to $325 From $300, Says G700 Certification Should Provide Q2 Upside; Outperform Kept	Apr. 02	MT
US FAA certifies Gulfstream G700 business jet	Mar. 29	RE
General Dynamics IT Unit Gets $922 Million Deal to Modernize US Central Command IT Infrastructure	Mar. 28	MT
General Dynamics Unit Awarded $922 Million Contract to Modernize CENTCOM Infrastructure	Mar. 28	DJ
General Dynamics unit awarded $922 mln IT infrastructure contract	Mar. 28	RE
General Dynamics Corporation Receives a Shareholder Proposal from John Chevedden	Mar. 22	CI
Boeing defense suppliers delivered 80% on time in 2023 amid supply-chain snags	Mar. 19	RE
Biden's meager 1% US defense budget increase buys fewer ships, jets	Mar. 11	RE
Honeywell will seek 'relief' on Bombardier engine pricing case at Canada's top court	Mar. 11	RE
Biden's meager 1% US defense budget increase buys fewer ships, jets	Mar. 11	RE
US says it approves possible sale of military telecoms system to Canada	Mar. 07	RE
General Dynamics Raises Quarterly Dividend to $1.42 per Share	Mar. 06	DJ

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Company Profile

General Dynamics Corporation specializes in the design, manufacturing and marketing of aeronautical, space, naval, and defense systems and equipment. Net sales break down by family of products and services as follows: - information systems and technologies (30.6%): telecommunication, control, surveillance, monitoring, and similar systems; - submarines and boats (29.5%); - business aircraft (20.4%). Moreover, the group offers maintenance and assistance services etc.; - defense and security systems (19.5%): armored combat vehicles, land combat systems, weapons systems, munitions, protection and detection systems, etc. Net sales break down by source of income between sales of products (58.2%) and services (41.8%). Net sales are distributed geographically as follows: the United States (85.5%), North America (2.3%), Europe (6.5%), Africa and Middle East (2.7%), Asia/Pacific (2.6%) and America Latin (0.4%).

Sector

Aerospace & Defense

Calendar

2024-04-23 - Q1 2024 Earnings Release

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S&P 500

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Ratings for General Dynamics Corporation

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

288.6 USD

Average target price

304.6 USD

Spread / Average Target

+5.52%

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Other Aerospace & Defense

General Dynamics Corporation

Equities

GD

US3695501086

Aerospace & Defense

General Dynamics Subsidiary Scores $600 Million to Help Build U.S. Navy Ships

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