Welcome to our dedicated page for General Dynamics Corporation news (Ticker: GD), a resource for investors and traders seeking the latest updates and insights on General Dynamics Corporation stock.
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.
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.
The board of directors of General Dynamics (NYSE: GD) declared a quarterly dividend of $1.19 per share, payable on May 7, 2021, to shareholders of record on April 9, 2021. This marks the 24th consecutive annual dividend increase, reflecting an 8.2% increase over last year's dividend. In 2020, General Dynamics generated $37.9 billion in revenue and employs over 100,000 people globally. This dividend declaration underscores the company's strong financial performance and commitment to returning value to shareholders.
General Dynamics (NYSE: GD) CFO Jason Aiken will present at the Barclays 2021 Industrial Select Conference on February 17, 2021, at 9:30 a.m. EST. The conference will be held virtually, with a live webcast available at www.gd.com. Headquartered in Reston, Virginia, General Dynamics is a leading aerospace and defense company, offering services in business aviation, ship construction, land combat vehicles, and technology. In 2020, the company generated $37.9 billion in revenue.
General Dynamics Information Technology (GDIT) has announced a significant Microsoft Partner Agreement for Online Services-Government (AOS-G) as of February 4, 2021. This agreement grants federal customers access to Azure services, including classified Azure Government regions. GDIT now supports Department of Defense customers in migrating to Microsoft 365 and Azure through the Defense Enterprise Office Solution (DEOS) contract. GDIT's collaboration with Microsoft emphasizes the importance of cloud solutions in modernizing federal operations.
FAQ
What is the current stock price of General Dynamics Corporation (GD)?
What is the market cap of General Dynamics Corporation (GD)?
What does General Dynamics Corporation do?
Where is General Dynamics headquartered?
Who is the CEO of General Dynamics?
What are the main segments of General Dynamics?
What recent contracts has General Dynamics secured?
How many people work at General Dynamics?
What was General Dynamics' revenue in 2023?
What products are included in the Aerospace segment?
What type of vehicles does the Combat Systems segment produce?
What does General Dynamics' Technologies segment focus on?
