what does General Dynamics Corp do?
General Dynamics Corporation (GD) is a global aerospace and defense company that operates in several key areas:
1. Aerospace: GD’s Aerospace segment produces business aviation aircraft, primarily through its Gulfstream Aerospace division. This includes the manufacturing and sale of Gulfstream business jets.
2. Marine Systems: This division designs, builds, and supports submarines and surface ships for the U.S. Navy and other commercial clients. It is known for producing nuclear-powered submarines and surface combatants like the Virginia-class submarines and Arleigh Burke-class destroyers.
3. Combat Systems: GD provides a range of land combat vehicles, weapons systems, and munitions. This includes the production of M1 Abrams tanks, Stryker armored vehicles, and various other armored combat vehicles and systems.
4. Technologies: This segment offers a variety of technology products and services, including information systems, mission systems, and advanced electronics. It provides solutions in areas such as command and control systems, intelligence, surveillance, and reconnaissance (ISR), as well as cybersecurity and IT services.
Overall, General Dynamics is a leading provider of defense and aerospace products and services, with a significant portion of its revenue derived from government contracts.
who owns general dynamics corp？
General Dynamics Corporation (GD) is primarily owned by institutional investors and retail investors. As of 2024, the ownership structure is as follows:
Institutional Investors: They hold approximately 85.5% of the company’s shares. Some of the major institutional shareholders include:
Vanguard Group: Holds about 8.4% of the shares.
BlackRock, Inc.: Holds about 5.93% of the shares.
State Street Global Advisors: Holds about 3.99% of the shares.
Retail Investors: They hold the remaining 14.5% of the shares.
This ownership structure reflects a significant concentration of shares among institutional investors, with Vanguard and BlackRock being the largest holders.
general dynamics corp news
General Dynamics awarded $235.48M Navy contract modification
General Dynamics (GD) was awarded a $235.48M cost-plus-fixed-fee modification for engineering, technical, design agent, and planning yard support for operational strategic and attack submarines. Work is expected to be completed by September 2025. FY24 other procurement funds in the amount of $9.36M, FY25 other procurement funds in the amount of $6.38M; FY24 research, development, test and evaluation funds in the amount of $2.39M and FY25 operations and maintenance funds in the amount of $989,000, will be obligated at time of award, of which $3.38M will expire at the end of the current fiscal year. Naval Sea Systems Command is the contracting activity.
General Dynamics awarded $139.2M Navy contract
General Dynamics (GD) was awarded a $139.2M fixed-price-incentive, firm-fixed-price, cost-plus-fixed-fee and cost-only contract for the production of MK 54 MOD 1 Lightweight Torpedo Kits and related test equipment, spares, provisioned item orders, engineering support and hardware support for the MK 54 Lightweight Torpedo Program. This contract includes options which, if exercised, would bring the cumulative value of this contract to $808.6M. This contract combines purchases for the Navy and the Foreign Military Sales program. Work is expected to be completed by December 2027. If all options are exercised, work will continue through December 2033. FY24 weapons procurement funds in the amount of $59.72M; FY23 weapons procurement funds in the amount of $26.47M; FY25 weapons procurement funds in the amount of $23.61M and FMS funds in the amount of $3.68M will be obligated at time of award, of which $26.47M will expire at the end of the current fiscal year. This contract was not competitively procured in accordance with 10 U.S. Code 3204. Naval Sea Systems Command is the contracting activity.
Is General Dynamics stock a good buy?
General Dynamics price target lowered to $295 from $303 at Deutsche Bank
Deutsche Bank lowered the firm’s price target on General Dynamics (GD) to $295 from $303 and keeps a Hold rating on the shares. The firm is positive on the original equipment aerospace and defense complex entering 2025, citing improving production momentum at Boeing (BA) exiting the union strike and extensive buffer inventory of engines and clean fuselages to support the ramp. In addition, improved engine availability from CFM International, a joint venture between GE Aerospace (GE) and Safran Aircraft Engine, should support the narrow-body ramp at Airbus, in turn supporting demand pull, the analyst tells investors in a research note. Deutsche thinks the risk/reward profiles look most favorable on Carpenter Technology (CRS) and Howmet Aerospace (HWM) within commercial broadly, but says that if Boeing can continue to build operational momentum, then its return outlook “could be excellent as well.” On defense, Deutsche Bank likes the second, but doesn’t love it.