General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Marine Systems segment designs and builds nuclear-powered submarines, surface combatants, and auxiliary ships for the United States Navy and Jones Act ships for commercial customers, as well as oil and product tankers, and container and cargo ships. This segment also provides submarine maintenance and modernization services; lifecycle support services for navy surface ships; and program management, planning, engineering, and design support services for submarines and surface-ships. The Combat Systems segment manufactures land combat solutions, such as wheeled and tracked combat vehicles, weapons systems, munitions, mobile bridge systems with payloads, tactical vehicles, main battle tanks, armored vehicles, weapons systems, and armaments. This segment also offers modernization program, engineering, support, and sustainment services. The Technologies segment provides information technology solutions and mission-support services; mobile communication, computers, and command-and-control mission systems; and intelligence, surveillance, and reconnaissance solutions to military, intelligence, and federal civilian customers. This segment also offers cloud computing, artificial intelligence, machine learning, big data analytics, development, security and operation, software-defined network, everything as-a-service and defense enterprise office system solutions. General Dynamics Corporation was founded in 1899 and is headquartered in Reston, Virginia.
IPO Year:
Exchange: NYSE
Website: gd.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/11/2024 | Buy → Neutral | Seaport Research Partners | |
| 10/1/2024 | $334.00 → $317.00 | Overweight → Equal Weight | Wells Fargo |
| 8/9/2024 | $293.00 → $345.00 | Equal-Weight → Overweight | Morgan Stanley |
| 7/29/2024 | Buy → Hold | Deutsche Bank | |
| 6/26/2024 | $345.00 | Buy | BTIG Research |
| 4/29/2024 | $305.00 → $335.00 | Hold → Buy | Jefferies |
| 1/29/2024 | $296.00 | Overweight → Neutral | Alembic Global Advisors |
| 10/11/2023 | $265.00 | Neutral | UBS |
| 9/28/2023 | $271.00 | Buy | Deutsche Bank |
| 3/30/2023 | Outperform | William Blair |
Gulfstream Special Missions Awarded Significant Contract to Service U.S. Military Aircraft SAVANNAH, Ga., Nov. 22, 2024 /PRNewswire/ -- Gulfstream Aerospace Corp., a business unit of General Dynamics (NYSE:GD), has been awarded a contractor logistics support services (CLS) contract from the U.S. Air Force Life Cycle Management Center for C-20 and C-37 fleets. This contract extends over a seven-year period and provides services to the U.S. Air Force, U.S. Navy, U.S. Marine Corps, U.S. Army and U.S. Coast Guard. "For nearly 60 years, Gulfstream has been a trusted partner to gove
Revenue of $11.7 billion, up 10.4% from year-ago quarterOperating earnings of $1.2 billion, up 11.7% from year-ago quarterDiluted EPS of $3.35, up 10.2% from year-ago quarterOperating margin of 10.1%, a 10-basis-point expansion from year-ago quarterRESTON, Va., Oct. 23, 2024 /PRNewswire/ -- General Dynamics (NYSE:GD) today reported third-quarter 2024 revenue of $11.7 billion, up 10.4% from the third quarter of 2023. Operating earnings of $1.2 billion were up 11.7% from the year-ago quarter. Diluted earnings per share (EPS) were $3.35, up 10.2% from the year-ago quarter. Operating margin for the quarter was 10.1%, a 10-basis-point expansion from the year-ago quarter. "The company continues to
RESTON, Va., Oct. 8, 2024 /PRNewswire/ -- Four business units of General Dynamics (NYSE:GD) will be among the exhibitors at the Association of the U.S. Army (AUSA) annual meeting and exposition, scheduled for Oct. 14-16 in Washington, D.C. Following is a list of General Dynamics products and solutions that will be displayed at the event. GENERAL DYNAMICS LAND SYSTEMS (Booth 703) Mission Command on the Move: With modern Army command posts (at echelon) being too easily detected and too easily targeted on the modern, drone-saturated battlefield, GD Land Systems is displaying its
RESTON, Va., Oct. 3, 2024 /PRNewswire/ -- General Dynamics (NYSE:GD) will webcast its third-quarter 2024 earnings results conference call on Wednesday, October 23, beginning at 9 a.m. EDT. The live webcast of the conference call will be available at www.gd.com. A replay will be available shortly after the live presentation. More information about General Dynamics is available at www.gd.com. View original content to download multimedia:https://www.prnewswire.com/news-releases/general-dynamics-to-webcast-2024-third-quarter-financial-results-conference-call-302266954.html SOURCE General Dynamics
FALLS CHURCH, Va., Sept. 19, 2024 /PRNewswire/ -- General Dynamics Information Technology (GDIT), a business unit of General Dynamics (NYSE:GD), announced today that it was awarded a $299 million contract to continue supporting the Pentagon's network infrastructure. The contract, awarded by the Defense Information Systems Agency (DISA) through the Joint Service Provider Enterprise Transport Management-Next Generation (JSP ETM-NG) program, has a one-year base period and two six-month options. Under the program, GDIT will continue to operate and maintain the Pentagon and Nationa
NASSCO is currently under contract for the first nine ships of the class, and has delivered three to date. With this award the company will build seventeen of the Navy's twenty-ship program of record. SAN DIEGO, Sept. 13, 2024 /PRNewswire/ -- General Dynamics NASSCO, a subsidiary of General Dynamics (NYSE:GD), announced today that it has received a block-buy contract from the U.S. Navy for the construction of up to eight additional John Lewis-class fleet replenishment oilers (T-AO 214 through 221) . The tenth ship, and first under the new contract, has been awarded for $780 million. If all eight ships are ultimately exercised, and including incentives and other contract options in support o
Building upon the innovation and success of the Tranche 1 Operations and Integration contract, General Dynamics will evolve the ground system architecture under the Ground, Management and Integration program to support development of Proliferated Warfighter Space Architecture mission capabilities for future tranches. FAIRFAX, Va., Sept. 4, 2024 /PRNewswire/ -- General Dynamics Missions Systems, a business unit of General Dynamics (NYSE:GD), announced today it was awarded a $491.6 million contract by the Space Development Agency (SDA) to perform design, analysis, engineering studies, and technical augmentation for their Ground Management and Integration (GMI) program's integrated ground syste
Aircraft Defines New Standard with Flight Test Program Launching in Savannah RESTON, Va., Aug. 15, 2024 /PRNewswire/ -- Gulfstream Aerospace Corp. today announced the all-new Gulfstream G400 successfully completed its first flight, officially launching the flight test program and further expanding Gulfstream's ultramodern, high-technology family of next-generation aircraft. The G400 defines a new standard with the highest performance and greatest comfort ever experienced in this segment. The G400 departed Savannah/Hilton Head International Airport at 9:04 a.m. and returned 2
RESTON, Va., Aug. 7, 2024 /PRNewswire/ -- The board of directors of General Dynamics (NYSE:GD) today declared a regular quarterly dividend of $1.42 per share on the company's common stock, payable November 15, 2024, to shareholders of record on October 11, 2024. General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people across 65 countries worldwide and generated $42.3 billion in revenue in 2023. More information about General Dynamics is available
GROTON, Conn., Aug. 5, 2024 /PRNewswire/ -- General Dynamics Electric Boat, a business unit of General Dynamics (NYSE:GD), announced today it has been awarded a $1.3 billion undefinitized contract modification allowing Electric Boat to purchase long lead time materials for Virginia Class Block VI submarines as detailed in the U.S. Department of Defense contract award. "This contract modification sends a crucial demand signal, enabling our suppliers to invest in the capacity and materials needed to increase production volume," said Kevin Graney, president of General Dynamics Electric Boat. "Consistent funding for the supply base is essential to achieve the high-rate production the Navy requir
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RESTON, Va., June 6, 2024 /PRNewswire/ -- General Dynamics (NYSE:GD) announced today that Elizabeth L. Schmid has been appointed as senior vice president for Government Relations and Communications. "Betsy is assuming a greater leadership role, which reflects her strong contribution to our company," said Phebe N. Novakovic, chairman and chief executive officer. Schmid joined General Dynamics in 2015 and has served as vice president for Government Relations since 2018. She previously served as vice president for National Security and Acquisition Policy at the Aerospace Industries Association, as a professional staff member and staff director for the Senate Defense Appropriations Subcommittee,
RESTON, Va., Dec. 19, 2022 /PRNewswire/ -- General Dynamics (NYSE:GD) announced today that it has appointed chief financial officer Jason Aiken as executive vice president of the Technologies segment effective January 1, 2023. Aiken will retain his responsibilities as chief financial officer while expanding his leadership role. Christopher Marzilli, who has served as executive vice president of Technologies since 2019, has informed the company of his intent to retire in early 2023. Phebe N. Novakovic, chairman and chief executive officer, said "Chris Marzilli has served General Dynamics with distinction for 40 years and contributed to the robust growth and profitability of the Technologies
RESTON, Va., May 5, 2022 /PRNewswire/ -- General Dynamics (NYSE:GD) announced today that it has appointed Gulfstream Aerospace executive Charles F. Krugh as president of General Dynamics Bath Iron Works. "Chuck's leadership, proven track record in manufacturing and expertise in managing complex supply chains will be an enabler to Bath Iron Works as it expands and increases the pace of shipbuilding for the U.S. Navy," said Robert E. Smith, executive vice president for Marine Systems. A U.S. Army veteran, Krugh served in a variety of aerospace manufacturing roles before joining
RESTON, Va., Dec. 2, 2020 /PRNewswire/ -- The board of directors of General Dynamics (NYSE: GD) today declared a regular quarterly dividend of $1.10 per share on the company's common stock, payable February 5, 2021, to shareholders of record on January 15, 2021. General Dynamics, headquartered in Reston, Virginia, is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; IT services; C4ISR solutions; and shipbuilding and ship repair. General Dynamics employs more than 100,000 people worldwide and generated $39.4 billion in revenue in 2019. More information is available at www.gd.c
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Seaport Research Partners downgraded General Dynamics from Buy to Neutral
Wells Fargo downgraded General Dynamics from Overweight to Equal Weight and set a new price target of $317.00 from $334.00 previously
Morgan Stanley upgraded General Dynamics from Equal-Weight to Overweight and set a new price target of $345.00 from $293.00 previously
Deutsche Bank downgraded General Dynamics from Buy to Hold
BTIG Research initiated coverage of General Dynamics with a rating of Buy and set a new price target of $345.00
Jefferies upgraded General Dynamics from Hold to Buy and set a new price target of $335.00 from $305.00 previously
Alembic Global Advisors downgraded General Dynamics from Overweight to Neutral and set a new price target of $296.00
UBS initiated coverage of General Dynamics with a rating of Neutral and set a new price target of $265.00
Deutsche Bank initiated coverage of General Dynamics with a rating of Buy and set a new price target of $271.00
William Blair initiated coverage of General Dynamics with a rating of Outperform
Revenue of $11.7 billion, up 10.4% from year-ago quarterOperating earnings of $1.2 billion, up 11.7% from year-ago quarterDiluted EPS of $3.35, up 10.2% from year-ago quarterOperating margin of 10.1%, a 10-basis-point expansion from year-ago quarterRESTON, Va., Oct. 23, 2024 /PRNewswire/ -- General Dynamics (NYSE:GD) today reported third-quarter 2024 revenue of $11.7 billion, up 10.4% from the third quarter of 2023. Operating earnings of $1.2 billion were up 11.7% from the year-ago quarter. Diluted earnings per share (EPS) were $3.35, up 10.2% from the year-ago quarter. Operating margin for the quarter was 10.1%, a 10-basis-point expansion from the year-ago quarter. "The company continues to
RESTON, Va., Oct. 3, 2024 /PRNewswire/ -- General Dynamics (NYSE:GD) will webcast its third-quarter 2024 earnings results conference call on Wednesday, October 23, beginning at 9 a.m. EDT. The live webcast of the conference call will be available at www.gd.com. A replay will be available shortly after the live presentation. More information about General Dynamics is available at www.gd.com. View original content to download multimedia:https://www.prnewswire.com/news-releases/general-dynamics-to-webcast-2024-third-quarter-financial-results-conference-call-302266954.html SOURCE General Dynamics
RESTON, Va., Aug. 7, 2024 /PRNewswire/ -- The board of directors of General Dynamics (NYSE:GD) today declared a regular quarterly dividend of $1.42 per share on the company's common stock, payable November 15, 2024, to shareholders of record on October 11, 2024. General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people across 65 countries worldwide and generated $42.3 billion in revenue in 2023. More information about General Dynamics is available
Revenue of $12 billion, up 18% from year-ago quarterOperating earnings of $1.2 billion, up 20.2% from year-ago quarterDiluted EPS of $3.26, up 20.7% from year-ago quarterOperating margin of 9.7%, a 20-basis-point expansion from year-ago quarterRESTON, Va., July 24, 2024 /PRNewswire/ -- General Dynamics (NYSE:GD) today reported second-quarter 2024 revenue of $12 billion, up 18% from the second quarter of 2023. Operating earnings of $1.2 billion were up 20.2% from the year-ago quarter. Diluted earnings per share (EPS) were $3.26, up 20.7% from the year-ago quarter. Operating margin for the quarter was 9.7%, a 20-basis point expansion from the year-ago quarter, with particular strength in the T
RESTON, Va., July 3, 2024 /PRNewswire/ -- General Dynamics (NYSE: GD) will webcast its second-quarter 2024 earnings results conference call on Wednesday, July 24, beginning at 9 a.m. EDT. The live webcast of the conference call will be available at www.gd.com. A replay will be available shortly after the live presentation. More information about General Dynamics is available at www.gd.com. View original content to download multimedia:https://www.prnewswire.com/news-releases/general-dynamics-to-webcast-2024-second-quarter-financial-results-conference-call-302189011.html SOURCE General Dynamics
RESTON, Va., June 5, 2024 /PRNewswire/ -- The board of directors of General Dynamics (NYSE: GD) today declared a regular quarterly dividend of $1.42 per share on the company's common stock, payable August 9, 2024, to shareholders of record on July 5, 2024. General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people across 65 countries worldwide and generated $42.3 billion in revenue in 2023. More information about General Dynamics is available at ww
Revenue of $10.7 billion, up 8.6% from year-ago quarterOperating earnings of $1 billion, up 10.4% from year-ago quarterDiluted EPS of $2.88, up 9.1% from year-ago quarterOperating margin of 9.7%, a 20 basis-point expansion from year-ago quarterRESTON, Va., April 24, 2024 /PRNewswire/ -- General Dynamics (NYSE:GD) today reported first-quarter 2024 revenues of $10.7 billion, up 8.6% from the first quarter of 2023. Operating earnings of $1 billion were up 10.4% from the year-ago quarter, with operating margins expanding 20 basis points to 9.7% from the year-ago quarter. Diluted earnings per share (EPS) were $2.88, up 9.1% from the year-ago quarter. "Our businesses delivered solid operating resu
RESTON, Va., April 4, 2024 /PRNewswire/ -- General Dynamics (NYSE: GD) will webcast its first-quarter 2024 earnings results conference call on Wednesday, April 24, beginning at 9 a.m. EDT. The live webcast of the conference call will be available at www.gd.com. A replay will be available shortly after the live presentation. More information about General Dynamics is available at www.gd.com. View original content to download multimedia:https://www.prnewswire.com/news-releases/general-dynamics-to-webcast-2024-first-quarter-financial-results-conference-call-302108743.html SOURCE General Dynamics
RESTON, Va., March 6, 2024 /PRNewswire/ -- The board of directors of General Dynamics (NYSE:GD) today declared a regular quarterly dividend of $1.42 per share on the company's common stock, payable May 10, 2024, to shareholders of record on April 12, 2024. This is the 27th consecutive annual dividend increase authorized by the General Dynamics board and represents a 7.6% increase over last year's dividend. General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more tha
Fourth-quarter net earnings of $1 billion, diluted EPS of $3.64, on revenue of $11.7 billionHighest quarterly EPS and revenue in company history$1.2 billion net cash provided by operating activities, or 119% of net earningsEnded the quarter with $93.6 billion in backlogRESTON, Va., Jan. 24, 2024 /PRNewswire/ -- General Dynamics (NYSE:GD) today reported quarterly net earnings of $1 billion, or $3.64 diluted earnings per share (EPS). Revenue of $11.7 billion was up 7.5% over the year-ago quarter. For the full year, net earnings were $3.3 billion, or $12.02 per diluted share. Full-year revenue was $42.3 billion, a 7.3% increase from 2022. "We had a solid fourth quarter, capping off a year that
Shares of General Dynamics Corporation (NYSE:GD) fell sharply during Wednesday's session after the company reported worse-than-expected second-quarter EPS results. Revenue for the quarter increased 18% year-over-year to $11.976 billion, beating the consensus of $11.438 billion. EPS of $3.26 (up 20.7% YoY) missed the consensus of $3.29, according to data from Benzinga Pro. General Dynamics shares declined 5.2% to $279.26 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers NuZee, Inc. (NASDAQ:NUZE) jumped 192% to $3.01. Dermata Therapeutics, Inc. (NASDAQ:DRMA) rose 142.4% to $3.0799 after falling over 22% on Tuesday. Selina Hospitality PLC
Wall Street experienced a turbulent session on Wednesday, with the S&P 500 index heading toward its worst performance in over a year and the tech-focused Nasdaq 100 eyeing its fifth decline in the last six sessions. The Magnificent Seven group — Microsoft Corp. (NYSE:MSFT), Apple Inc. (NASDAQ:AAPL), NVIDIA Corp., Alphabet Inc., Amazon Inc. (NASDAQ:AMZN), Meta Platforms Inc. (NASDAQ:META) and Tesla, Inc. — wiped out over $570 billion in their combined market valuation by midday trading in New York. The Roundhill Magnificent Seven ETF (NYSE:MAGS) fell 4.9%, marking the worst daily performance since the fund’s inception last year. Tesla shares plummeted over 11% after missing earnings exp
General Dynamics Corp (NYSE:GD) shares are trading lower after the company reported second-quarter fiscal 2024 results. Revenue for the quarter increased 18% year-over-year to $11.976 billion, beating the consensus of $11.438 billion. EPS of $3.26 (up 20.7% YoY) missed the consensus of $3.29. Operating earnings rose 20.2% Y/Y to $1.156 billion, and the margin expanded 20 basis points Y/Y to 9.7%. “This was a strong quarter overall, as reflected by solid growth in all key measures from a year ago. Our businesses continue to focus on disciplined execution of their programs, cost and schedule. In the Aerospace segment, we are continuing to ramp up the pace of our G700 deliveries and ou
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Wall Street is gearing up for a negative start on Thursday, as traders mull over earnings from Tesla, Inc. (NASDAQ:TSLA) and Alphabet, Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG), which incidentally haven’t been received well by the Street. While Tesla’s earnings were dismissed as of low quality, investors worried about Alphabet’s massive capex boost as it eyes supremacy in the AI market. The market may also focus on private sector activity readings due shortly after the market opens. “Mega tech has an unprecedented influence on market moves and overall earnings,” fund manager Louis Navellier said in a note. Traders may choose to remain on the sidelines until they get more clarity on the earnings f
Orders and Backlog The consolidated book-to-bill ratio, defined as orders divided by revenue, was 0.8-to-1 for the quarter. Company-wide backlog was $91.3 billion. Estimated potential contract value, representing management's estimate of additional value in unfunded indefinite delivery, indefinite quantity (IDIQ) contracts and unexercised options, was $38.5 billion. Total estimated contract value, the sum of all backlog components, was $129.8 billion. In the Aerospace segment, orders in the quarter totaled $2.7 billion. Aerospace backlog of $20 billion is 2.8% above the year-ago quarter. In the defense segments, orders in the quarter totaled $7.4 billion, with particular strength in Comba
General Dynamics (NYSE:GD) reported quarterly earnings of $3.26 per share which missed the analyst consensus estimate of $3.29 by 0.91 percent. This is a 20.74 percent increase over earnings of $2.70 per share from the same period last year. The company reported quarterly sales of $11.976 billion which beat the analyst consensus estimate of $11.438 billion by 4.70 percent. This is a 17.97 percent increase over sales of $10.152 billion the same period last year.
General Dynamics Corporation (NYSE:GD) will release its financial results for the second quarter, before the opening bell on Wednesday, July 24. Analysts expect the Reston, Virginia-based company to report quarterly earnings at $3.27 per share, up from $2.7 per share in the year-ago period. General Dynamics is expected to post revenue of $11.44 billion, compared to $10.15 billion a year earlier, according to data from Benzinga Pro. The company's business unit, Bath Iron Works, last month, clinched a contract to provide planning yard services for its DDG 51 guided-missile destroyer ships. General Dynamics shares gained 1.1% to close at $294.46 on Tuesday. Benzinga readers can acce
About 14% of the S&P 500 companies have reported their June quarter earnings and the blended earnings growth rate for the companies constituting the broader index remains healthy. The coming week will see the official start of the tech reporting season, which could potentially decide the fate of the market, which has seen a steep pullback in the recent week. The Week That Was: The tech earnings season had a modest start last week with the earnings report from chip-equipment maker ASML Holding N.V. (NASDAQ:ASML). The stock slumped about 16%, dragged by its weak third-quarter outlook and geopolitical concerns surrounding the China chip ban. Netflix, Inc.’s (NASDAQ:NFLX) guidance disappointe