A Defense Play with a Little Offense
2010-07-30 07:16:37
Keywords: A Defense Play with a Little Offense, gd,lmt,noc,rtn
Quote: The same dynamic holds for other leading industry firms, like Lockheed Martin, Raytheon and General Dynamics. Raytheon, for example, has seen its net profit more than double since 2005, while the stock is up just 20% over the five years. While it may be true that the high-growth-rate days are over for these multi-billion-dollar defense conglomerates, it certainly isn't a decaying industry. A business like Northrop, through a combination of share buybacks and top-line growth of 3-5% a year, looks...
Read articleGeneral Dynamics Delivers Submarine Missouri to U.S. Navy in Record Time
2010-07-30 07:16:35
Keywords: General Dynamics Delivers Submarine Missouri to U.S. Navy in Record Time, gd
Quote: GROTON, Conn., July 29 /PRNewswire/ -- General Dynamics Electric Boat today delivered the nuclear-powered attack submarine MissouriGDNews).The 65-month delivery schedule beat the previous best for a Virginia-class submarine by five months. In addition, Missouri required 600,000 fewer labor hours to finish than the last submarine delivered at Electric Boat, USS New Hampshire (SSN-778).At its float off last November, Missouri was 90 percent complete, another benchmark for the Virginia Class. Misso...
Read articleUPDATE - Textron names Donnelly chairman, succeeds Campbell
2010-07-30 07:16:35
Keywords: Industrial conglomerates,Aerospace and defense,Industrial conglomerates (industry),United States of America,Management issues/policy,Changes of senior personnel,Consumer electronics,Household durables,
Quote: Read articleStocks fall on economic outlook
2010-07-29 06:11:49
Keywords: Stocks fall on economic outlook, ^dji,^hgx,^ixic,ba,cop,gd,mth, stocks
Quote: General Dynamics finished up slightly at $61.80 while ConocoPhillips ended unchanged at $54.44.MTHNews) reported a 22 percent sales decline following the expiration of a federal homebuyer tax credit.^HGXNews) fell 3 percent.New orders for long-lasting U.S. manufactured goods unexpectedly fell for a second straight month in June, posting their largest decline since August, a reminder of the challenges faced by the economy.About 7.11 billion shares traded on the New York Stock Exchange, the Americ...
Read articleUPDATE - Dassault sees no quick business jet recovery
2010-07-29 06:11:47
Keywords: France,Western Europe,Europe,United States of America,Canada,Aerospace and defense,Aerospace and defence,Air transport,Airlines,Defence,Diplomacy; International Relations,Foreign exchange,Corporate Results,Corporate Results Forecasts,Germany,Spain,Semicon
Quote: Dassault, which competes with planemakers such as Textron
(TXT.N) subsidiary Cessna, General Dynamics (GD.N) unit
Gulfstream and Canada's Bombardier (BBDb.TO) for sales of luxury
and business jets, said cancellations were decreasing but new
orders were taking time to pick up again. Dassault sold a net total of two Falcon jets in the first
half, compared with 56 net cancellations in the first half of
last year when the industry was hit by the financial crisis and
a political storm over corporate ...
Read articleGeneral Dynamics Q2 2010 Earnings Call Transcript
2010-07-29 06:11:46
Quote: Our corporate headquarters, I've got, I think, 35 officers in all of General Dynamics, 35 corporate officers. So that's a pretty lean overhead organization. But to your point, we look at all four of our businesses. We look at the diversity of our portfolio. We look at what we're engaged in and what environment we're operating in back to the entrepreneurial agility of my business unit Presidents. They're looking, all the time, to see how they can enhance the portfolio we have in ensuring its rele...
Read articleRecession Proofing Your Next Aircraft Purchase
2010-07-26 04:50:24
Keywords: aviation, airplanes, aviation jobs, aviation news, aviation careers
Quote: Read articleGeneral Dynamics Earnings Call scheduled for Wed, July 28
2010-07-23 07:13:50
Quote: Call DetailsGeneral Dynamics Earnings Conference Call (Q2 2010)Scheduled
to start Wed, Jul 28, 2010, 11:30 am EasternAfter
the event has finished, the audio will be availablefrom
this page until Fri, Jul 29, 2011About General DynamicsGD)General Dynamics Corporation provides business aviation; combat vehicles, weapons systems, and munitions; shipbuilding design and construction; and information systems, technologies, and services worldwide. Its Aerospace group provides mid-size and large-cabin Gu...
Read articleUPDATE - Textron profit tops view, hikes 2010 forecast
2010-07-22 04:03:39
Keywords: Corporate Results,Corporate Results Forecasts,Industrial conglomerates,Aerospace and defense,Industrial conglomerates (industry),United States of America,Business activities,Industrials,Consumer electronics,Household durables,
Quote: Its rivals include the Gulfstream unit of General Dynamics
Corp (GD.N) and Canada's Bombardier Inc (BBDb.TO) in corporate
jets, and United Technologies Corp (UTX.N) in helicopters.(Reporting by Scott Malone; Editing by Derek Caney)......
Read articleU.S. Army Brigade Combat Team Exercise Demonstrates Value of On-the-Move Networking
2010-07-22 04:03:38
Keywords: U.S. Army Brigade Combat Team Exercise Demonstrates Value of On-the-Move Networking, gd
Quote: Â Chris Marzilli, president of General Dynamics C4 Systems, said, "This exercise was a great opportunity to show the value of tight integration across command, control, communications and computing domains. WIN-T, JTRS HMS, Land Warrior, Command Post of the Future (CPOF) and the Tactical Ground Reporting System (TIGR) integrate very effectively and demonstrate the importance of the network to bringing critical mission data to the warfighter." The exercise, staged at White Sands Missile Range i...
Read articleGTV Delivers Right-Hand Operation JLTV Technology Development Vehicles on Schedule
2010-07-21 03:01:35
Keywords: GTV Delivers Right-Hand Operation JLTV Technology Development Vehicles on Schedule, gd
Quote: LIVONIA, Mich., July 20 /PRNewswire/ -- The General Tactical Vehicles (GTV) team of General Dynamics Land Systems and AM General today delivered two Right-Hand Operation (RHO) Joint Light Tactical Vehicles (JLTVs), one companion trailer and supporting equipment on schedule to the U.S. government for Technology Development (TD) phase testing in support of the U.S. and Australia's Land Force Capability Modernization Project Arrangement (PA). The PA enables tactical vehicle interoperability and int...
Read articleObama export control reform plan faces some bumps
2010-07-20 03:26:28
Keywords: National and international security,Diplomacy; International Relations,Aerospace and defence,Aerospace and defense,United States of America,Defence,Industrial machinery,Machinery,Industrial conglomerates,Consumer electronics,Household durables,
Quote: industry's
ability to sell defense goods to foreign allies, said Remy
Nathan of the Aerospace Industries Association, whose members
including Boeing (BA.N), General Dynamics (GD.N), Lockheed
Martin (LMT.N) and GE Aviation (GE.N). "If you're talking about nuts and screws and bolts and
hoses and having to get 'mother-may-I permission' every time
you send it overseas, that's going to create delay, friction,
time and annoyance," Nathan said. The Munitions List administered by the State Department is...
Read articleGeneral Dynamics Awarded $21 Million to Support the U.S. Army
2010-07-16 03:21:10
Keywords: General Dynamics Awarded $21 Million to Support the U.S. Army, gd
Quote: The task orders cover a two-year period of performance.General Dynamics will engineer, furnish, install, test and cut over into operational service (EFIT&C) a full range of government certified telecommunications systems, including voice, transport and data networks. The effort will result in modernized voice systems that pave the way for future convergence of Army voice and data networks. "General Dynamics has successfully completed infrastructure modernization projects for the U.S. Army for mo...
Read articleBoeing, Peers Trade Mixed as Citigroup Cheers Aerospace Prospects
2010-07-16 03:21:09
Quote: Goodrich (GR) is a “Buy,” with an $84 price target.
Gursky raised General Dynamics (GD) and Rockwell Collins (COL) both to “Hold/High Risk,” up from “Medium Risk,” with a $69 price target for GD, up from $67, and a $61 target for COL, down from $64.
Northrop Grumman (NOC), Raytheon (RTN), and Lockheed Martin (LMT) are both raised to “Buy/High Risk” from “Medium Risk,” with a price target of $69 for NOC, $60 for RTN, and $97 for LMT.
Tod...
Read articleUPDATE - Any buyer for Northrop ships needs vetting-US Navy
2010-07-16 03:21:08
Keywords: Aerospace and defence,Semiconductor equipment and products,Aerospace and defense,United States of America,Industrial machinery,Machinery,United Kingdom,Western Europe,Europe,Industrial goods,Industrials,Company News item,General news stories,
Quote: industry and defense officials say anti-trust laws
would prevent General Dynamics Corp (GD.N), the other major
shipbuilder for the Navy, from buying the Northrop units. But other defense contractors, including possibly Britain's
BAE Systems (BAES.L), could bid for the shipyards if desired,
defense officials said. "It's early to speculate, but a proposed transaction like
that would have to follow the full vetting of that type of
situation," Chen said, referring to anti-trust and other
reviews req...
Read articleNorthrop looks to split ship unit, close shipyard
2010-07-15 08:33:04
Keywords: Northrop looks to split ship unit, close shipyard, gd,noc
Quote: In 2009, shipbuilding accounted for $6.2 billion of Northrop's $33 billion in total revenue.But the Navy's recently released long-term shipbuilding plan, combined with a broad Pentagon effort to cut costs on big weapons programs, presents some challenges for Northrop.Rivals like General Dynamics, which is competing to build a new shallow water warship that the Navy plans to buy in big numbers, have seized a large share of the market.The Avondale shipyard builds the LPD-17 San Antonio-class ship,...
Read articleLots Of Butts Still Need To Be Kicked: Northrop Grumman And The Bullish Case for Defense
2010-07-15 08:33:03
Quote: Northrop Grumman is trading higher by more than 3% on Wednesday morning following news that the company will consider spinning-off its shipbuilding business. On Tuesday, the defense contractor announced that it will be shuttering one of its seven shipyards, the Avondale facility in Louisiana, in an effort to reduce costs and consolidate its Gulf Coast shipbuilding operations in Mississippi. At the same time, Northrop has hired Credit Suisse (CS) to advise them on potentially selling the ...
Read articleU.S. Army Awards General Dynamics $30 Million for Stryker Double-V Hull Production
2010-07-13 07:45:47
Keywords: U.S. Army Awards General Dynamics $30 Million for Stryker Double-V Hull Production, gd
Quote: Â General Dynamics employees in Anniston, Ala., and London, Ontario, will produce the vehicles. Â Gordon Stein, senior director for the General Dynamics Land Systems Stryker program, said the increased blast protection provided by the double-V-shaped hull will make the vehicle one of the most versatile, mobile and survivable vehicles on the battlefield. "Soldiers and Marines attending our Warfighter's forum earlier this year said their Stryker vehicles have performed superbly in Iraq and Afg...
Read articleGovernment of Canada Awards LAV III Upgrade Definition Contract to General Dynamics Land Systems-Canada
2010-07-12 09:08:39
Keywords: Government of Canada Awards LAV III Upgrade Definition Contract to General Dynamics Land Systems-Canada, gd
Quote: LONDON, Ontario, July 9 /PRNewswire-FirstCall/ -- The Honourable Peter MacKay, Minister of National Defence, and the Honourable Rona Ambrose, Minister of Public Works and Government Services, announced today that the Government of Canada has awarded a $34.4 million contract to General Dynamics Land Systems-Canada. Â Under this contract, General Dynamics will perform trade-off studies, design work, prototype build and testing to define the upgrades that will be incorporated into Canada's fleet ...
Read articleIndependence Day and Business Aviation
2010-07-07 03:20:47
Keywords: aviation, airplanes, aviation jobs, aviation news, aviation careers
Quote: Read article