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27 stories mentioning GDUpdated 14d ago

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Wire

UBS Adjusts General Dynamics Price Target to $408 From $395, Maintains Neutral Rating

General Dynamics (GD) has an average rating of overweight and mean price target of $424.50, according to analysts polled by FactSet.Price: $357.67, Change: $-1.72, Percent Change: -0.48%

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Wire

General Dynamics, Lockheed Martin Secure 7-Year Procurement Agreements From Department of Defense

General Dynamics (GD) and Lockheed Martin (LMT) signed framework agreements with the Department of Defense, initiating seven-year multiyear procurement contracts to expand production of components supporting the THAAD and PAC-3 MSE interceptor programs, the department said Monday.The agreements aim to triple PAC-3 MSE and quadruple THAAD interceptor production capacity while strengthening output of key interceptor components, according to the statement.The agreements provide minimum annual procurement commitments to support capacity expansion, with funding subject to annual appropriations, the statement added.General Dynamics and Lockheed Martin shares were down 2.2% and 0.9% respectively, in Monday trading.Price: $370.87, Change: $-8.45, Percent Change: -2.23%

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Insider Trading

General Dynamics Insider Sold Shares Worth $788,898, According to a Recent SEC Filing

Peter A Wall, Director, on August 10, 2026, sold 1,990 shares in General Dynamics (GD) for $788,898. Following the Form 4 filing with the SEC, Wall has control over a total of 3,969 common shares of the company, with 3,969 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/40533/000119312526346494/xslF345X05/ownership.xmlPrice: $394.33, Change: $+2.44, Percent Change: +0.62%

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Wire

General Dynamics Unit Wins $1.3 Billion Army National Guard IT, Cybersecurity Contract

General Dynamics (GD) unit GDIT was awarded a $1.3 billion contract to provide enterprise IT and cybersecurity services for the US Army National Guard and other federal government partners, the company said Friday.The Enterprise Network Operations and Cybersecurity Support contract, awarded by the General Services Administration's Assisted Acquisition Services, has a one-year base period and six one-year option periods, the company said.GDIT will operate, modernize, integrate and defend the Guard's classified and unclassified networks, the company said.The company said it will also provide integrated IT services, including establishing new operations centers, workforce support and technology provisioning, while deploying artificial intelligence, data analytics and communication capabilities to enhance mission execution.Price: $389.56, Change: $+2.64, Percent Change: +0.68%

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Wire

General Dynamics Keeps Quarterly Dividend at $1.59 a Share, Payable Nov. 13 to Holders of Record Oct. 9

General Dynamics Keeps Quarterly Dividend at $1.59 a Share, Payable Nov. 13 to Holders of Record Oct. 9

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Wire

General Dynamics 'Strong' Q2 Results Led by Aerospace, Marine Systems, RBC Says

General Dynamics' (GD) reported "strong" Q2 results, with revenue, earnings before interest and taxes, and free cash flow all beating expectations, RBC Capital Markets said in a Wednesday note.The standouts of the report were the company's Aerospace margins and Marine Systems growth, the analysts said.Aerospace segment operating margins of 14.5% were up 130 basis points year-on-year, while Marine Systems growth was "a highlight," the analysts said.The increase in 2026 guidance was largely in line with the consensus, with revenue guidance of $55.7 billion just ahead of the consensus estimate of $55.5 billion, RBC said.The company's current valuation reflects much of the upside in its Gulfstream business but the analysts noted that General Dynamics faces incremental uncertainty in parts of its defense portfolio.RBC retained a sector perform rating on the stock but increased its price target to $410 from $385.Price: $378.20, Change: $-2.76, Percent Change: -0.72%

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General Dynamics Raises Earnings Outlook Following Second-Quarter Beat
Wire

General Dynamics Raises Earnings Outlook Following Second-Quarter Beat

General Dynamics (GD) reported fiscal second-quarter results ahead of Wall Street estimates and increased its full-year earnings guidance amid strong order activity.Earnings grew to $4.24 a share in the quarter through July 5 from $3.74 a year earlier, ahead of the Street's projections for $3.96. Revenue rose 8.1% to $14.09 billion, surpassing the $13.52 billion modeled by analysts.For fiscal 2026, the aerospace and defense company raised its EPS outlook to between $16.80 and $16.90 from its prior range of $16.45 to $16.55. Analysts polled by FactSet are looking for $16.77."Our businesses delivered solid results in the quarter, with revenue growth across all four segments -- including double-digit increases in revenue and noteworthy margin expansion in aerospace and marine systems," Chief Executive Phebe Novakovic said in an earnings release Wednesday.Second-quarter orders totaled $20 billion, including $5.3 billion for the aerospace segment. The company saw "the strongest first half for orders for aerospace since 2022, (reflecting) very solid demand across the entire Gulfstream product line," Chief Financial Officer Kimberly Kuryea said on an earnings call, according to a FactSet transcript.Morgan Stanley expected increasing global defense spending to serve as a tailwind for General Dynamics. "The (Trump) administration's emphasis on shoring up the US shipbuilding industry in particular also bodes well for (General Dynamics') marine business, though improvements will take time to materialize," the brokerage said in a note to clients e-mailed July 15.Last week, other key industry players RTX (RTX), Lockheed Martin (LMT) and Northrop Grumman (NOC) raised their full-year guidance and posted second-quarter sales ahead of the Street's views.General Dynamics reported a 10.4% operating margin for the second quarter versus 10.5% in the linking quarter.The sequential decline came "despite the fact that operating margins by line of business all improved," President Danny Deep said on the call Wednesday. "This is attributable to a slightly disadvantageous mix, plus a modest increase in both (general and administrative expenses) and (research and development)."Price: $390.43, Change: $-2.76, Percent Change: -0.70%

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Wire

Vertical Research Adjusts Price Target on General Dynamics to $450 From $405

General Dynamics (GD) has an average rating of overweight and mean price target of $400.75, according to analysts polled by FactSet.Price: $388.52, Change: $-4.67, Percent Change: -1.19%

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Stocks Mostly Up Pre-Bell Ahead of Fed Rate Decision, Big Tech Earnings
US Markets

Stocks Mostly Up Pre-Bell Ahead of Fed Rate Decision, Big Tech Earnings

The main US stock measures were mostly trending higher in Wednesday's premarket activity as traders await a major policy decision by the Federal Reserve and the latest quarterly results of two of the largest technology companies.The S&P 500 rose 0.2% and the Dow Jones Industrial Average edged up 0.1% before the opening bell, while the Nasdaq declined 0.1%. The S&P 500 and the Dow finished Tuesday trading in the green, with the latter recording its third consecutive day of gains, while the Nasdaq closed lower for the fifth straight session.The Fed's monetary policy committee will announce its latest decision on interest rates at 2 pm ET. The probability of the central bank leaving its benchmark lending rate unchanged stood at about 66% on Wednesday, with the remaining odds in favor of a quarter-percentage-point increase, according to the CME FedWatch tool.Fed Chair Kevin Warsh is expected to hold a press conference at 2:30 pm."The doves are optimistic that inflation could cool further into year-end as the impact of tariffs rolls off and energy prices stabilize," Stifel said in a report Tuesday. "The recent rise in tensions overseas, however, coupled with (artificial intelligence)-sector price pressures suggest further upside inflationary risks remain, shifting the pendulum back into the hawk's camp."Treasury yields were up in premarket action, with the two-year rate increasing 2.9 basis points to 4.31% and the 10-year rate adding 1.6 basis points to 4.62%.Iran's Islamic Revolutionary Guard Corps launched multiple ballistic missiles in "an attempted surprise attack" on US forces based in the Middle East, the US Central Command said in a Tuesday post on the X platform. "All Iranian missiles were successfully intercepted," according to CENTCOM.In a separate statement, CENTCOM said it launched joint strikes with the Saudi Arabian armed forces against "Iran-aligned terrorists" in Iraq on Tuesday.West Texas Intermediate crude oil inclined 3.7% to $82.03 a barrel before the open, while Brent advanced 3.7% to $87.16.Microsoft (MSFT) and Meta Platforms (META) are scheduled to release their latest financial results after the markets close, along with Arm Holdings (ARM), Qualcomm (QCOM) and Starbucks (SBUX).Procter & Gamble (PG), Amphenol (APH), General Dynamics (GD), Johnson Controls (JCI), Boston Scientific (BSX), Humana (HUM) and GE HealthCare Technologies (GEHC) post their earnings before the bell, among others.Shares of Visa (V) decreased 0.8% pre-bell after the payments company reported its fiscal third-quarter results. Ford Motor (F) gained 4.3% as the automaker lifted its full-year core profit outlook. Lucid Group (LCID) was down 0.8% following a 21% jump at the close of Tuesday as Saudi Prince Alwaleed Bin Talal Al Saud disclosed a 5% stake in the company.Wednesday's economic calendar also has the weekly mortgage applications bulletin at 7 am, followed by the EIA domestic petroleum inventories report at 10:30 am.Gold slipped 0.2% to $4,032 per troy ounce, while bitcoin rose 1.4% to $64,588.

Dow JonesNasdaq CompositeS&P 500$APH$ARM$BSX$F$GD$GEHC$HUM$JCI$LCID$META$MSFT$PG$QCOM$SBUX$V
Wire

Allison to Supply Transmissions to Order for 3,000 German Military Vehicles

Allison Transmission (ALSN) said Wednesday that it will supply fully automatic transmissions to a major order with General Dynamics (GD) European Land Systems, covering approximately 3,000 EAGLE V armored vehicles for the German Armed Forces.Financial terms of the contract were not disclosed.The order encompasses both EAGLE V 4x4 command and control vehicles and EAGLE V 6x6 medium armored ambulance vehicles and is scheduled for delivery starting in 2027, the company said.The General Dynamics contract also includes an option for up to 2,000 additional vehicles, the company said.Allison shares were 2.4% higher in Wednesday trading, while General Dynamics was up 1.4%.Price: $119.17, Change: $+2.96, Percent Change: +2.54%

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Wire

General Dynamics Wins $1.4 Billion Canada Armored Vehicle Deal

General Dynamics (GD) Canada will build and deliver 190 additional Armoured Combat Support Vehicles to the Canadian government under a nearly C$2 billion ($1.4 billion), four-year deal, Prime Minister Mark Carney announced Thursday.The agreement will expand Canada's fleet from 360 to 550 vehicles, according to the statement.The vehicles will be designed, built, and assembled in Canada at GDLS-Canada's facility in London, Ontario, drawing on more than 600 Canadian suppliers across the country, the statement said.The partnership is expected to create or sustain more than 6,000 jobs annually over the next eight years.Price: $366.54, Change: $+0.91, Percent Change: +0.25%

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Wire

Jefferies Lifts General Dynamics Price Target to $440 From $400, Buy Rating Maintained

General Dynamics (GD) has an average rating of overweight and mean price target of $396.45, according to analysts polled by FactSet.Price: $372.49, Change: $-1.82, Percent Change: -0.49%

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Wire

General Dynamics Shares Rise After Jefferies Upgrade

General Dynamics (GD) shares rose 6.1% in Thursday trading after Jefferies upgraded its rating on the stock to buy from hold and lifted its price target to $400 from $380.Intraday volume topped 944,000 shares, compared with the daily average of 1.32 million.Price: $361.82, Change: $+20.75, Percent Change: +6.08%

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Research

Jefferies Upgrades General Dynamics to Buy From Hold, Adjusts PT to $400 From $380

General Dynamics (GD) has an average rating of overweight and mean price target of $394.53, according to analysts polled by FactSet.

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Wire

General Dynamics Keeps Quarterly Dividend at $1.59 a Share, Payable Aug. 7 to Holders of Record July 2

General Dynamics Keeps Quarterly Dividend at $1.59 a Share, Payable Aug. 7 to Holders of Record July 2

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Wire

Update: Market Chatter: General Dynamics to Invest $200 Million to Restart Texas Munitions Facility

(Updates with the company's response in the fourth paragraph.)General Dynamics (GD) will invest $200 million and unwind its partnership with Turkish defense contractor Repkon as it seeks to start production of 155mm artillery shells at a Texas plant, Bloomberg reported Monday, citing people familiar with the matter.The munitions manufacturing equipment supplied by Repkon failed to meet required standards and is expected to be replaced by hardware and management from privately held Deterrence Defense, according to the news outlet.The additional $200 million investment would come on top of the $591 million contract the US Army awarded to General Dynamics for the Texas facility, which was designed to operate three production lines capable of manufacturing 30,000 155mm artillery shells per month, the report added.A General Dynamics spokesperson toldin an emailed response that "General Dynamics Ordnance and Tactical Systems and [its] US Army customer have reached an agreement on a path forward for the Mesquite facility, which includes additional GDOTS investment to complete the project."(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Wire

Market Chatter: General Dynamics to Invest $200 Million to Restart Texas Munitions Facility

General Dynamics (GD) will invest $200 million and unwind its partnership with Turkish defense contractor Repkon as it seeks to start production of 155mm artillery shells at a Texas plant, Bloomberg reported Monday, citing people familiar with the matter.The munitions manufacturing equipment supplied by Repkon failed to meet required standards and is expected to be replaced by hardware and management from privately held Deterrence Defense, according to the news outlet.The additional $200 million investment would come on top of the $591 million contract the US Army awarded to General Dynamics for the Texas facility, which was designed to operate three production lines capable of manufacturing 30,000 155mm artillery shells per month, the report added.General Dynamics did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $339.09, Change: $-7.74, Percent Change: -2.23%

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Wire

Update: Market Chatter: Defense Companies Seek Delay of US Ban on Chinese Rare Earth Magnets

(Updates to add US Department of Defense response in fourth paragraph.)Defense companies want more time to comply with the upcoming ban on using Chinese samarium cobalt magnets and neodymium iron boron magnets in defense contracts starting Jan. 1, the Financial Times reported Monday, citing four people familiar with the matter.Several US metals executives said the administration was unlikely to view the lobbying effort favorably, according to the report.The ban on China-sourced magnets, as well as the metals tungsten and tantalum, was introduced by Congress during President Donald Trump's first term in 2018, the report added.A spokesperson for the US Department of Defense declined to comment when contacted by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $55.35, Change: $-5.92, Percent Change: -9.66%

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Wire

Market Chatter: Defense Companies Seek Delay of US Ban on Chinese Rare Earth Magnets

Defense companies want more time to comply with the upcoming ban on using Chinese samarium cobalt magnets and neodymium iron boron magnets in defense contracts starting Jan. 1, the Financial Times reported Monday, citing four people familiar with the matter.Several US metals executives said the administration was unlikely to view the lobbying effort favorably, according to the report.The ban on China-sourced magnets, as well as the metals tungsten and tantalum, was introduced by Congress during President Donald Trump's first term in 2018, the report added.A spokesperson for the US Department of Defense did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $55.35, Change: $-5.93, Percent Change: -9.67%

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Insider Trading

General Dynamics Insider Sold Shares Worth $25,040,695, According to a Recent SEC Filing

Mark Lagrand Burns, Executive Vice President, on May 11, 2026, sold 72,710 shares in General Dynamics (GD) for $25,040,695. Following the Form 4 filing with the SEC, Burns has control over a total of 73,893 common shares of the company, with 38,975 shares held directly and 34,918 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/40533/000119312526221313/xslF345X05/ownership.xmlPrice: $341.11, Change: $-5.35, Percent Change: -1.54%

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