General Dynamics News
An unmanned U.S. Navy helicopter built by Northrop Grumman Corp and a precision ship-landing system built by Raytheon Co face mandatory reviews that could lead to their cancellation after quantity reductions drove unit costs sharply higher in 2013, the Pentagon announced on Thursday. Senior defense officials said the cost increases were largely due to cuts in the numbers of items to be purchased, but federal law required a careful look at program performance and other factors. The Nunn-McCurdy law requires a mandatory, 60-day live-or-die review if weapons systems see an increase of over 25 percent in their unit costs. In order for programs to survive, top defense officials must certify that the program is needed for national security and meets other key conditions.
Lockheed Martin Aeronautics Company, a key unit of Lockheed Martin Corporation, received a modification contract of $54.6 million from the U.S. Department of Defense.
API Technologies has seen negative earnings estimate revisions for the current quarter along with a significant decline in its share price for the past month
FALLS CHURCH, Va., April 16, 2014 /PRNewswire/ -- General Dynamics (NYSE: GD) will webcast its first-quarter 2014 financial results conference call on Wednesday, April 23, 2014, beginning at 9 a.m. EDT. ...
Aerospace & Defense Stock Outlook - April 2014 - Industry Outlook
Aerospace & Defense Stock Outlook - April 2014 - Zacks Analyst Interviews
The Pentagon on Tuesday detailed $48.3 billion in cuts to major weapons programs like Lockheed Martin Corp's F-35 fighter jet that would kick in from fiscal 2016 to 2019 if Congress does not reverse automatic budget cuts that are to resume in 2016. It said the cuts would slash $40 billion from the Pentagon's planned spending on operations and maintenance over that time, while research and development of new cutting-edge technologies would fall by nearly $18 billion from $337 billion. The Defense Department said the cuts required under a process called sequestration would damage the military's modernization efforts, increase national security risks, further slash troop levels and jeopardize the ability of U.S. forces to go to war.
L-3 Communications Holdings Inc. through its Global Security Solutions division received a contract of around $50.9 million from the U.S. Department of Defense on Apr 14, 2014.
General Dynamics was a winner within the aerospace/defense industry, rising $1.57 (1.5%) to $106.70 on light volume
Soldier's Network Update: U.S. Army Orders General Dynamics' SRW-Applique to Increase Mobility and Communications Range for SoldiersPR Newswire 04/15 10:00 ET
SCOTTSDALE, Ariz., April 15, 2014 /PRNewswire/ -- General Dynamics C4 Systems is one of four companies selected to provide the U.S. Army with the Soldier Radio Waveform-Applique (SRW-A), a vehicle-mounted ...
General Dynamics Corp (NYSE: GD - news) said late Monday it would not ask the congressional Government Accountability Office to rule on a U.S. Army vehicle competition that it says is skewed to favor its competitor, Britain's BAE Systems Plc (Other OTC: BAESF - news) . The Army on April 4 rejected a protest that General Dynamics had filed with it over the rules for a multibillion dollar competition for a new armored vehicle, starting a 10-day clock for General Dynamics to take its concerns to the next level through a formal protest with the GAO. We do not believe a GAO protest is the right forum for this issue and we will not file one," General Dynamics spokesman Pete Keating said in a statement. The Army's new AMPV, one of few new weapons development programs available for U.S. ground vehicle makers, is intended to replace nearly 2,900 Vietnam-era M113 infantry carriers at a cost of $5 billion to nearly $7 billion.
Boeing Co. said it has reached a partial agreement on details of a new deal with one of its largest suppliers, though after months of talks, the two sides have yet to finalize a long-term pact for key parts of its main commercial jet ...