General Dynamics Electric Boat, the submarine making unit of General Dynamics , said on Wednesday it received a $1.85 billion modification on its previously awarded contract for Virginia-class submarines.
General Dynamics is well-positioned to benefit from rising U.S. and NATO defense spending, thanks to its diversified portfolio. Despite management concerns at a government munitions facility and potential political risks, GD's broad exposure and strong fundamentals provide resilience against sector-specific headwinds. Valuation is reasonable with a PE below sector median, solid dividend growth,...
GROTON, Conn. , July 2, 2025 /PRNewswire/ -- General Dynamics Electric Boat, a business unit of General Dynamics (NYSE: GD), announced today that it was awarded a $1.85 billion contract modification to a previously awarded contract supporting submarine production.
The U.S. defense industry is unmatched, backed by nearly $1 trillion in annual spending, supporting my long-standing investment in dividend-paying giants. A new wave of disruptors is shaking things up, blending AI and autonomy to chase growth, but sky-high valuations demand caution and realism. I prefer reliable incumbents, but I'm closely tracking promising innovators, because in this evolving...
Company will sustain force protection systems across the globe FALLS CHURCH, Va. , June 26, 2025 /PRNewswire/ -- General Dynamics Information Technology (GDIT), a business unit of General Dynamics (NYSE: GD), announced today that it was awarded a $580 million Integrated Base Defense Sustainment Support task order to continue enhancing the security and readiness of U.S. Army bases.
Following the U.S. airstrikes on Iran on June 21, which involved at least six B-2 Spirit stealth bombers targeting nuclear infrastructure, traders quickly turned their focus to defense stocks as markets reopened.
GROTON, Conn. , June 18, 2025 /PRNewswire/ -- General Dynamics Electric Boat, a business unit of General Dynamics (NYSE: GD), announced today it has been awarded a $987 million contract modification to a previously awarded contract supporting submarine production.
General Dynamics received an addition to a prior contract with the U.S. Navy for its electric boat company to continue work on submarines and shipbuilding.
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