GD News & Events

As reported yesterday, Epirus, General Dynamics (GD) Land Systems and Kodiak AI (KDK) "unveiled Leonidas Autonomous Ground Vehicle, a mobile, fully autonomous vehicle for counter-UAS, critical point defense and homeland security missions. Leonidas AGV features Epirus' Leonidas high-power microwave platform integrated onto a commercial-grade truck platform equipped with Kodiak's AI-powered autonomous driving system, the Kodiak Driver. General Dynamics Land Systems served as lead system integrator. Leonidas AGV delivers a mobile counter-UAS capability that can be operated without human intervention or teleoperated to extend the counter-UAS line of defense across fixed-site and expeditionary mission sets. Designed for autonomous critical point defense counter-UAS operations, Leonidas AGV can rapidly deploy to pre-planned intercept points or maneuver across a perimeter to protect critical assets from the threat of individual, swarm or fiber-optic controlled drone attacks. Leonidas AGV is well-suited for a range of missions, including defense of military installations, forward operating bases, airports, ports, energy infrastructure and major public events. The system's autonomous and teleoperation modes allow operators to scale coverage, reposition dynamically and maintain continuous coverage from drone threats." Shares of Kodiak AI are up 12% in pre-market trading at $8.21.

General Dynamics was awarded a $15.38B cost-plus-incentive-fee and cost-plus-fixed-fee modification to a previously awarded contract for additional Columbia-class ballistic missile submarines design, class lead yard support and sustainment, integrated enterprise plan initiatives for the class, and submarine industrial base supplier development enhancement efforts to support Columbia-class ballistic missile submarine program execution. The industrial base development work is for the furtherance of the Navy's plan of serial production of Columbia- and Virginia-class attack submarines. Funding is pursuant to the Consolidated Appropriations Act 2026. Work is expected to be completed by June 2035. Naval Sea Systems Command is the contracting activity.

General Dynamics announced that its board of directors has declared a regular quarterly dividend of $1.59 per share on the company's common stock, payable May 8 to shareholders of record on April 10. Previously, General Dynamics had declared a regular quarterly dividend of $1.50 per share on the company's common stock, payable February 6 to shareholders of record on January 16.

Stocks had a down Friday to close out a down week after data showed unexpected job cuts and rising unemployment in February. Nonfarm payrolls fell by 92,000 in February, missing the growth of 55,000 that economists predicted, and the unemployment rate rose to 4.4% from 4.3%. Meanwhile, West Texas Intermediate futures broke above $90 per barrel for first time since October 2023 after President Donald Trump said in a Truth Social post that there won't be a deal to end the U.S.-Iran war without an "unconditional surrender."Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:President Trump and Secretary Hegseth met with the CEOs of defense companies today at the White House asthere "will be no deal with Iran except unconditional surrender"Marvellreceived a pair of upgrades and a number of price target hikes from Wall Street firms after itswere strongJPMorgan says Costco's"core story remains intact" following the membership club retailer'sGapshares traded lower after Old Navy and Athletain Q4Day One Biopharmaceuticalsby Servier for $21.50 per share in cash2. WALL STREET CALLS:Marvellwasto Buy at Benchmark and BofA on expectations for accelerating data center demandKarmanto Overweight at Piper SandlerOktato Outperform at BMO CapitalWedbushTrade Deskto Underperform, says impact of OpenAI partnership overestimatedZoetisto Hold from Buy at Nephron Research3. AROUND THE WEB:China near deal to order 500 Boeing737 Max jets, Bloomberg saysStates preparing to challenge planned tie-up of Nexstarwith Tegna, WSJ reportsPrivate equity firms including Blackstoneand TPGhave expressed interest in acquiring Whitestone REIT, Reuters reportsChina has approved Pfizer'sGLP-1 treatment Xianweiying for weight management in adults, Reuters saysMetahired the engineering team from Atma Sciences, the startup that makes the vibe coding app Gizmo, earlier in 2026 to join its Superintelligence Labs, Business Insider reports4. MOVERS:Samsaragained after reportingand providing guidance for Q1 and FY27ASP Isotopesincreased afterQuantum Leap Energy has entered into a non-binding MOU with a large publicly traded U.S. energy companyWestern Alliancedeclined after beingby Jefferies (JEF) that payments of $126.4M owed to the bank pursuant to a forbearance agreement will not be paid as agreedREalloysfell after announcing a 2.7MIngram Microdeclined after announcing a 8.999M5. EARNINGS/GUIDANCE:Algonquin Powersreportedand backed its guidance for FY26Embraerreported, with revenue beating consensusImmuneeringreported, with CEO Ben Zeskind commenting that 2025 was "a transformative year"SunCar Technologyreportedfor Q4Methode Electronicsreported Q3 results andfor FY26INDEXES:The Dow fell 0.95%, or 453.19, to 47,501.55, the Nasdaq lost 1.59%, or 361.31, to 22,387.68, and the S&P 500 declined 1.33%, or 90.69, to 6,740.02.