General Dynamics Secures $988 Million Navy Modernization Contract
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: PRnewswire
- Significant Contract Value: General Dynamics Information Technology has been awarded a $988 million contract for Navy C5ISR systems support, which includes a one-year base period and four one-year options, showcasing the company's strong competitive position in the defense sector.
- System Integration Upgrade: Under this contract, GDIT will modernize and integrate C5ISR systems across all surface combatant ships, enhancing the operational effectiveness and readiness of naval forces to ensure mission continuity for existing vessels.
- Comprehensive Service Scope: GDIT will provide integration, engineering, procurement, logistics, and installation services for all classes of surface combatant ships, including guided missile ships, aircraft carriers, and Coast Guard vessels, ensuring the Navy maintains its information advantage in modern battlefields.
- Commitment to Technological Innovation: GDIT is committed to delivering innovative services through advanced electronic warfare technologies and artificial intelligence solutions, helping the Navy address emerging threats and ensuring the operational capabilities of its warfighters.
Analyst Views on GD
Wall Street analysts forecast GD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GD is 388.15 USD with a low forecast of 360.00 USD and a high forecast of 410.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
8 Buy
7 Hold
0 Sell
Moderate Buy
Current: 353.890
Low
360.00
Averages
388.15
High
410.00
Current: 353.890
Low
360.00
Averages
388.15
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.
