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General Dynamics Corporation - GD STOCK NEWS

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.

News

Gulfstream G700 Earns FAA Certification

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Gulfstream Aerospace Corp., a General Dynamics subsidiary, announces FAA certification for the all-new G700 aircraft with performance enhancements. The G700 offers increased range, speed, and cabin comfort, setting new industry standards.
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GDIT Awarded $922 Million Contract to Modernize U.S. Central Command IT Infrastructure

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General Dynamics Information Technology (GDIT) secures a $922 million contract to modernize U.S. Central Command's IT infrastructure, enhancing operational capabilities through cloud, AI/ML, and zero trust technologies.
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General Dynamics Board Increases Dividend

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General Dynamics (GD) announces a 7.6% increase in its quarterly dividend to $1.42 per share, marking the 27th consecutive annual dividend raise. The company operates in aerospace, defense, business aviation, ship construction, land combat vehicles, and technology sectors, with a global presence and $42.3 billion in revenue in 2023.
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General Dynamics European Land Systems - Steyr awarded $1.3 billion contract to build 225 PANDUR EVO wheeled armored vehicles for Austria

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General Dynamics European Land Systems - Steyr (GDELS) secures a contract to deliver 225 PANDUR 6x6 EVO armored vehicles to the Austrian Armed Forces, with an initial value of 1.2 billion euros. The order includes new vehicle variants and emphasizes enhanced military mobility.
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General Dynamics CEO to speak at Cowen conference

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General Dynamics CEO Phebe Novakovic will speak at the Cowen 45th Annual Aerospace & Defense Conference on February 13, 2024. The company, with a ticker symbol GD, is a global aerospace and defense company with a broad portfolio of products and services. In 2023, it generated $42.3 billion in revenue and employs over 100,000 people across 65 countries.
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General Dynamics Reports Fourth-Quarter and Full-Year 2023 Financial Results

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General Dynamics (GD) reported a strong fourth quarter with net earnings of $1 billion, diluted EPS of $3.64, and revenue of $11.7 billion, marking the highest quarterly EPS and revenue in the company's history. The company ended the quarter with $93.6 billion in backlog, and net cash provided by operating activities totaled $1.2 billion. For the full year, net earnings were $3.3 billion, or $12.02 per diluted share, with full-year revenue of $42.3 billion, a 7.3% increase from 2022. Orders remained strong across all segments, resulting in a backlog of $93.6 billion, the highest year-end backlog in the company's history.
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General Dynamics Announces Personnel Moves

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General Dynamics (GD) announced executive leadership changes, with Mark Roualet retiring and being succeeded by Danny Deep. Jason Aiken will focus exclusively on the operating duties of the Technologies group, and Kim Kuryea will become the company's CFO.
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General Dynamics to Webcast 2023 Fourth-Quarter and Full-Year Financial Results Conference Call

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General Dynamics (NYSE: GD) will webcast its fourth-quarter and full-year 2023 financial results conference call on Wednesday, January 24, beginning at 9 a.m. EST. The live webcast of the conference call will be available at www.gd.com. A replay will be available shortly after the live presentation.
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General Dynamics Mission Systems-Canada Awarded four Land C4ISR Contracts for the Canadian Army valued at up to CA$1.7 Billion

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General Dynamics Mission Systems–Canada (GDMS-CA) (Ticker: GD) has been awarded four contracts by the Government of Canada, valued at up to CA$1.68 billion (US$1.3 billion), to support the Land Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) system for the Canadian Army. The contracts include System of Systems Engineering & Integration, Core Network Sustainment Services, Applications Sustainment Services, and Intelligence, Surveillance, Target Acquisition, and Reconnaissance (ISTAR). Joel Houde, vice president and general manager of GDMS-CA, expressed confidence in the company's ability to meet the challenges of the modern battlespace and continue the digitization of the Canadian Armed Forces. General Dynamics is a global aerospace and defense company with a revenue of $39.4 billion in 2022 and over 100,000 employees worldwide.
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General Dynamics Board Declares Dividend

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General Dynamics (NYSE: GD) declares a regular quarterly dividend of $1.32 per share on the company's common stock. The dividend is payable on February 9, 2024, to shareholders of record on January 19, 2024. General Dynamics is a global aerospace and defense company with a broad portfolio of products and services. The company employs over 100,000 people across 65 countries and generated $39.4 billion in revenue in 2022.
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FAQ

What is the current stock price of General Dynamics Corporation (GD)?

The current stock price of General Dynamics Corporation (GD) is $281.81 as of November 22, 2024.

What is the market cap of General Dynamics Corporation (GD)?

The market cap of General Dynamics Corporation (GD) is approximately 77.3B.

What does General Dynamics Corporation do?

General Dynamics Corporation is a global aerospace and defense company that offers products and services in business aviation, ship construction and repair, land combat vehicles, weapons systems and munitions, and technology products and services.

Where is General Dynamics headquartered?

General Dynamics is headquartered in Reston, Virginia.

Who is the CEO of General Dynamics?

Phebe Novakovic is the Chairman and Chief Executive Officer of General Dynamics.

What are the main segments of General Dynamics?

The main segments of General Dynamics are Aerospace, Marine Systems, Combat Systems, and Technologies.

What recent contracts has General Dynamics secured?

Recently, General Dynamics secured a U.S. Navy contract for ship modernization, a $450 million contract with the Centers for Medicare and Medicaid Services, and a $2.5 billion contract with the Indian Health Service, among others.

How many people work at General Dynamics?

General Dynamics employs more than 100,000 people worldwide.

What was General Dynamics' revenue in 2023?

General Dynamics generated $42.3 billion in revenue in 2023.

What products are included in the Aerospace segment?

The Aerospace segment includes Gulfstream business jets and global aircraft servicing operations.

What type of vehicles does the Combat Systems segment produce?

The Combat Systems segment produces land-based combat vehicles such as the M1 Abrams tank and the Stryker armored personnel carrier.

What does General Dynamics' Technologies segment focus on?

The Technologies segment focuses on IT services for government markets and mission systems that provide command, control, computing, intelligence, surveillance, and reconnaissance capabilities.

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General Dynamics Corporation

NYSE:GD

GD Rankings

#181 Ranked by Market Cap
#1360 Ranked by Dividends

GD Stock Data

77.29B
273.30M
0.5%
89.19%
1.12%
Aerospace & Defense
Ship & Boat Building & Repairing
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United States of America
RESTON