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General Dynamics Corporation (NYSE: GD) is a global leader in aerospace and defense, offering a broad portfolio of products and services that cater to the safety and security needs of people worldwide. Headquartered in Reston, Virginia, the company operates through four main segments: Aerospace, Marine Systems, Combat Systems, and Technologies.
Aerospace: This segment is renowned for its Gulfstream business jets, which include the recently FAA-certified G700. Gulfstream not only manufactures these aircraft but also provides comprehensive global servicing.
Marine Systems: General Dynamics' Marine Systems segment builds and services nuclear-powered submarines, destroyers, and other naval vessels. The company recently secured a significant U.S. Navy contract for maintenance and modernization projects, ensuring long-term commitments to the Navy’s fleet.
Combat Systems: This segment produces land-based combat vehicles such as the M1 Abrams tank and Stryker armored personnel carrier, along with associated munitions. The company has received major contracts from both U.S. and international defense agencies, including a new deal with Austria for Pandur 6x6 EVO wheeled armored vehicles.
Technologies: The Technologies segment includes IT services primarily for the government market and mission systems that offer command, control, computing, intelligence, surveillance, and reconnaissance capabilities. Recent achievements include a $2.5 billion contract to modernize the Indian Health Service's electronic health record system and a $450 million contract to support the Centers for Medicare and Medicaid Services.
General Dynamics employs over 100,000 people globally, maintaining a presence in 65 countries. The company generated $42.3 billion in revenue in 2023, reflecting steady growth and strong financial performance. The company’s culture of continuous improvement and innovation ensures its agility and relevance in meeting future demands. For the latest updates, financial results, and more information, visit GD.com.
General Dynamics (NYSE: GD) will host a live webcast of its third-quarter 2021 financial results conference call on October 27, 2021, at 9 a.m. EDT. Investors can access the call via www.gd.com, with a replay available afterward. This webcast provides an opportunity for stakeholders to gain insights into the company's financial performance and strategies moving forward.
On October 4, 2021, Gulfstream Aerospace Corp., a subsidiary of General Dynamics (NYSE: GD), unveiled two new aircraft: the G800 and G400. The G800 boasts the longest range in Gulfstream's history at 8,000 nautical miles, while the G400 is the first new large-cabin aircraft in over a decade. Both aircraft feature advanced technology, including the Gulfstream Symmetry Flight Deck and enhanced environmental efficiency. Deliveries for the G800 are projected to begin in 2023, with G400 deliveries expected in 2025, marking significant advancements in the business aviation sector.
Cubic Corporation has been awarded a contract by the U.S. Army to develop a Synthetic Training Environment Live Training System prototype. This contract, executed in partnership with General Dynamics Mission Systems, focuses on enhancing ground training solutions and modernizing the Army's training capabilities globally. The prototype aims for readiness by early 2023, as existing systems reach their end of life. This initiative promises improved realism and soldier preparedness in training scenarios.
The board of directors of General Dynamics (NYSE: GD) announced a quarterly dividend of $1.19 per share on August 4, 2021. This dividend will be payable on November 12, 2021, to shareholders on record as of October 8, 2021. General Dynamics, based in Reston, Virginia, reported $37.9 billion in revenue for 2020 and employs over 100,000 individuals globally, offering products and services across various defense sectors.
General Dynamics (NYSE: GD) reported second-quarter 2021 net earnings of $737 million on revenue of $9.2 billion, with diluted EPS rising 19.7% to $2.61. Operating margin improved to 10.4%, an increase of 140 basis points year-over-year. Backlog reached $89.2 billion, up 8% from last year. Cash flow from operations was $1.1 billion with free cash flow totaling $943 million. Notable contracts included $135 million from the U.S. Navy and $620 million from the U.S. Army.
General Dynamics (NYSE: GD) will host a live webcast of its second-quarter 2021 financial results conference call on July 28, 2021, at 9 a.m. EDT. Investors can access the live stream and a subsequent replay at www.gd.com. This session will provide insights into the company's financial performance for the quarter, offering critical information for stakeholders.
The board of directors of General Dynamics (NYSE: GD) has declared a quarterly dividend of $1.19 per share, payable on August 6, 2021, to shareholders of record by July 2, 2021. Additionally, management has been authorized to buy back 10 million shares of common stock. General Dynamics, a leader in aerospace and defense, generated $37.9 billion in revenue in 2020 and employs over 100,000 people worldwide.
General Dynamics (NYSE: GD) announced first-quarter 2021 financial results with net earnings of $708 million and revenue of $9.4 billion, representing a 7.3% year-over-year growth. The Aerospace and Marine Systems segments saw over 10% growth. The total backlog increased by 4.5% to a record $89.6 billion, driven by strong order activity. Operating margin was 10%, and cash flow improved significantly from the prior year. The company returned capital to shareholders through dividends of $315 million and share repurchases totaling $744 million.
General Dynamics (NYSE: GD) will host a webcast for its first-quarter 2021 financial results on April 28, 2021, at 9 a.m. EDT. Investors and interested parties can tune in live via the company’s website, with a replay available shortly after.
This event marks an important opportunity for stakeholders to gain insights into the company's financial performance and future outlook.
Gulfstream Aerospace Corp., a subsidiary of General Dynamics (NYSE:GD), has secured contracts worth $696 million from the U.S. Air Force Life Cycle Management Center. This includes a $612 million renewal for engineering services and an $84 million contractor logistics support award. The contracts will enhance support for the C-20G, C-37A, and C-37B aircraft used by various branches of the U.S. military. Gulfstream aims to provide dedicated resources and technical support, reinforcing its long-standing partnership with the U.S. government.
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