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General Dynamics Corp

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  • BATH, Maine— The U.S. Department of Defense has awarded Bath Iron Works an $11.3 million contract modification to work on maintenance systems for the entire littoral combat ship program. The contract modification was awarded Tuesday to General Dynamics, the parent company of BIW, by the Navy's Southwest Regional Maintenance Center in San Diego.

  • Corporate jet makers eye revival led by North America Wednesday, 20 May 2015 | 6:10 PM ET

    GENEVA, May 21- Business jet makers, hit badly by the financial crisis, expect an upturn in mature economies such as the United States will encourage companies to once again buy new corporate planes or replace aging jets, executives said this week. Many companies in North America and Europe, from carmakers to banks and tech firms, scaled back usage or sold their...

  • April 29- U.S. weapons maker General Dynamics Corp on Wednesday reported higher-than-expected earnings and revenues for the first quarter, sending its shares higher in premarket trading. General Dynamics, maker of Gulfstream business jets as well as ships, tanks and other military equipment, said net earnings rose 20 percent to $716 million, or $2.14 per share,...

  • PARIS, April 27- Sweden's Saab AB on Monday ruled out facilitating the sale of Gripen fighter aircraft to Argentina as the result of a deal to build and export combat jets from Brazil. Saab said it was not involved in any discussions involving Argentina. Saab has sold 60 Gripen Es to Sweden and is finalizing an order for another 36 to Brazil, which will also...

  • WASHINGTON, March 22- The U.S. Defense Department is taking aggressive action to bolster the security of U.S. weapons systems against cyberattacks, including issuing new rules for acquisitions that will be finalized in coming months, officials told Reuters. Increased focus on cybersecurity could create opportunities for Lockheed Martin Corp, General...

  • Air Force officials are due to meet with Pentagon chief arms buyer Frank Kendall on Wednesday to map out an acquisition strategy for the new program, David Madden, executive director of the Air Force's Space and Missiles Systems Center told a breakfast meeting hosted by the nonprofit Mitchell Institute. Lockheed Martin Corp is under contract to build the...

  • Cramer Remix: Stocks roaring on execution Thursday, 5 Mar 2015 | 7:06 PM ET
    Jim Cramer on Mad Money.

    This stock is crushing it, and “Mad Money” host Jim Cramer says it’s all about execution.

  • Cramer's aerospace stock catapulting even higher Thursday, 5 Mar 2015 | 6:24 PM ET
    An HH-60H Seahawk of Helicopter Anti-Submarine Squadron Seven (HS-7), test dispense flares and chaff from the on board AN/AAR-47 system.

    The aerospace and defense sector has been on fire recently. Jim Cramer shares his top stock that will fly higher.

  • WASHINGTON, March 5- Cyber attacks on U.S. weapons programs and manufacturers are a "pervasive" problem that requires greater attention, the top U.S. arms buyer said Thursday, saying that he would add cybersecurity to the Pentagon's guidelines for buying weapons. Kendall said he planned to add cybersecurity to the next phase of his "better buying power" initiative,...

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    Some of the names on the move ahead of the open.

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    Check out which companies are making headlines after the bell Wednesday: Vivint Solar, H&R Block, Encana & more.

  • Representative Rodney Frelinghuysen, a senior member of the Appropriations Committee in the House of Representatives, chided President Barack Obama for proposing a $534 billion Pentagon base budget that "ignores the law" by exceeding federal spending caps by nearly $35 billion. Frelinghuysen told Navy and Marine Corps leaders to submit specific lists of...

  • SYDNEY, Feb 19- Australia will hold an open tender for a multi-billion dollar project to replace the army's current light armored vehicles with a next-generation ground combat system, Defense Minister Kevin Andrews said on Thursday. Britain's BAE Systems, which earlier this month won a contract to do heavy maintenance in Australia on Lockheed Martin Corp's...

  • Early movers: AAPL, HAS, TE, FOXA, INTU & more Monday, 9 Feb 2015 | 7:51 AM ET
    A trader works on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • Feb 6- Harris Corp said it would buy Exelis Inc in a deal valued at about $4.75 billion, combining two big suppliers to the U.S. military at a time when the government is squeezing spending on defense. Exelis, spun off from ITT Corp in 2011, makes antennas for military aircraft, domes for Navy ships, sonar systems and GPS navigation systems. The total offer of $23.75 per...

  • -$3.4 billion for 16 P-8 maritime surveillance planes built by Boeing Co.. -$3 billion for continued development of Boeing's KC-46A refueling planes, or tankers. -$11.6 billion for nine new ships, including smaller coastal warships built by Lockheed and Australia's Austal, an aircraft carrier being built by Huntington Ingalls Industries, and other submarines...

  • WASHINGTON, Feb 2- The U.S. Air Force's fiscal 2016 budget released on Monday delayed a long-awaited competition for a new air-ground surveillance aircraft to replace the E-8C Joint Surveillance Target Attack Radar System. The JSTARS program has been delayed repeatedly, although potential bidders had been heartened by statements from Air Force officials...

  • WASHINGTON, Feb 2- The U.S. Defense Department's budget request released on Monday would boost funding for research, development and procurement of weapons by 13 percent to $190 billion in fiscal 2016, including nearly $11 billion for the Lockheed Martin Corp F-35 fighter jet. -$3.4 billion for 16 P-8 maritime surveillance planes built by Boeing Co..

  • *Expects 2015 earnings $9.20- $9.50/ share vs est $9.11. *Earnings $2.48/ share vs est $2.25. U.S. defense suppliers have cut costs and increased sales to markets outside the United States as the Pentagon tries to cut about $1 trillion in spending over a decade as required by a 2011 law.

  • Jan 29- U.S. weapons maker Raytheon Co on Thursday forecast 2015 revenue largely below average analyst expectations as orders fell for the first time in four quarters, but said it expected a return to modest revenue growth in 2016.. Raytheon Chief Financial Officer Dave Wajsgras told Reuters he expected low single-digit revenue growth in 2016, with...