General Dynamics Bags Massive $12.4 Billion Submarine Contract
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 01 2025
0mins
Source: Benzinga
Contract Award: General Dynamics Corporation secured $12.4 billion in contract modifications for the construction of two Virginia-class submarines, with potential total value increasing to $17.2 billion, including funding for shipyard improvements and workforce support.
Financial Performance: The company reported a 13.9% year-over-year revenue increase to $12.223 billion for Q1 fiscal 2025, exceeding expectations, while its stock price experienced a slight decline of 0.44%.
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Analyst Views on GD
Wall Street analysts forecast GD stock price to rise
15 Analyst Rating
7 Buy
8 Hold
0 Sell
Moderate Buy
Current: 364.700
Low
360.00
Averages
386.85
High
410.00
Current: 364.700
Low
360.00
Averages
386.85
High
410.00
About GD
General Dynamics Corporation is a global aerospace and defense company. It offers a portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions, and technology products and services. Its segments include Aerospace, Marine Systems, Combat Systems and Technologies. The Aerospace segment produces business jets and is the standard bearer in new technology aircraft, aircraft repair, customer support and custom completion services. The Marine Systems segment designs and builds nuclear-powered submarines and is engaged in surface combatant and auxiliary ship design and construction for the U.S. Navy. The Combat Systems segment manufactures land combat solutions worldwide, including wheeled and tracked combat vehicles, weapons systems and munitions. The Technologies segment provides a full spectrum of services, technologies and products to a range of military, intelligence, federal civilian and state customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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