Welcome to our dedicated page for General Dynamics news (Ticker: GD), a resource for investors and traders seeking the latest updates and insights on General Dynamics stock.
General Dynamics Corporation (NYSE: GD) is a global aerospace and defense company with operations spanning business aviation, naval ship construction and repair, land combat systems, weapons systems and munitions, and technology products and services. This news page focuses on company developments that relate directly to these activities and to the four reported segments: Aerospace, Marine Systems, Combat Systems and Technologies.
News about General Dynamics often includes contract awards and program milestones across its defense and government customer base. For example, public announcements from its General Dynamics Information Technology (GDIT) business unit describe large task orders and contracts to modernize U.S. Navy C5ISR systems and to provide enterprise mission IT services for U.S. Army Europe and Africa. These updates highlight how the Technologies segment supports mission command, secure communications, AI, cloud, cybersecurity and data analytics for defense and government agencies.
Another key news theme involves shipbuilding and marine programs within the Marine Systems segment. Releases from General Dynamics NASSCO describe awards to construct additional John Lewis-class fleet replenishment oilers and collaborations with international shipbuilders to advance ship design and manufacturing automation. Such stories illustrate the company’s role in U.S. Navy logistics and auxiliary vessel programs.
Investors and observers can also expect financial and corporate governance updates, including quarterly and annual earnings announcements, webcasts of results conference calls, dividend declarations and executive leadership changes disclosed via press releases and Form 8-K filings. These items provide context on segment performance, orders, backlog and capital deployment.
By following GD news, readers can track how General Dynamics’ Aerospace, Marine Systems, Combat Systems and Technologies segments are performing, how major defense and government contracts evolve over time, and how corporate decisions and financial results relate to the company’s broader aerospace and defense portfolio.
The board of directors of General Dynamics (NYSE: GD) has declared a quarterly dividend of $1.32 per share, payable on May 12, 2023, to shareholders of record on April 14, 2023. This marks the 26th consecutive annual dividend increase, representing a 4.8% increase from last year. General Dynamics, a leading global aerospace and defense company, reported $39.4 billion in revenue for 2022 and employs over 100,000 people worldwide. The dividend reflects the company's ongoing commitment to returning value to shareholders.
General Dynamics (NYSE: GD) will have Executive Vice President and CFO Jason W. Aiken speak at the Barclays 2023 Industrial Select Conference in Miami on February 22, 2023, at 8:35 a.m. EST. The conference provides a platform for discussing significant trends in the aerospace and defense sectors. A live webcast of Aiken's presentation can be accessed via the provided link. General Dynamics is a major player in business aviation, ship construction, and defense technologies, employing over 100,000 individuals and reporting a revenue of $39.4 billion in 2022. For more details, visit www.gd.com.
General Dynamics (NYSE: GD) CEO Phebe Novakovic will present at the Cowen 44th Annual Aerospace/Defense & Industrials Conference in Arlington, Virginia, on February 15, 2023, at 10:00 a.m. EST. The event will include a live webcast accessible via https://wsw.com/webcast/cowen131/gd/1657051. General Dynamics is a prominent global aerospace and defense firm, employing over 100,000 people and generating $39.4 billion in revenue in 2022. The company offers a diverse range of products and services, including business aviation, ship construction, and land combat vehicles.
General Dynamics (NYSE: GD) has elected Richard Clarke, a retired U.S. Army general, to its board of directors as of February 3, 2023. Clarke, who retired in August 2022 after leading the United States Special Operations Command, brings nearly 40 years of military experience to the company. His leadership in diverse operations across the U.S., Europe, Iraq, and Afghanistan, along with an annual budget management of over $25 billion, positions him as a strategic asset for General Dynamics. CEO Phebe Novakovic emphasized that Clarke's tactical and strategic expertise would enhance the company's capabilities in delivering essential defense products and services.
General Dynamics (NYSE: GD) reported strong Q4 2022 results, with net earnings of $992 million and a diluted EPS of $3.58, marking increases of 4.2% and 5.6% year-over-year, respectively. Revenue for the quarter was $10.9 billion, up 5.4%. For the full year, net earnings reached $3.4 billion with a diluted EPS of $12.19, reflecting a 4.1% increase in net earnings and a 2.4% rise in full-year revenue of $39.4 billion. The company maintained a record backlog of $91.1 billion and achieved a cash flow of $4.6 billion for the year, while reducing debt by $1 billion.
General Dynamics (NYSE: GD) will host a live webcast of its fourth-quarter and full-year 2022 financial results conference call on January 25 at 9 a.m. EST. Investors can access the live stream via www.gd.com. A replay will be accessible shortly after the event. This call is crucial for stakeholders to evaluate the company's performance over the past year and gain insights into future strategies and expectations.
General Dynamics Electric Boat has received a $5.1 billion modification to its Columbia Integrated Product and Process Development Contract from the U.S. Navy. This contract supports the construction of the Columbia class submarines, set to replace the aging Ohio class submarines. The funds will be allocated for advance procurement and construction of critical components through October 2030. The Columbia submarines will be the largest ever built by the U.S., with the lead ship expected to be delivered in 2027.
General Dynamics has appointed Jason Aiken as the new executive vice president of the Technologies segment effective January 1, 2023. Aiken, who will also continue as chief financial officer, takes over from Christopher Marzilli, who has announced his retirement after 40 years with the company. Phebe N. Novakovic, chairman and CEO, praised Marzilli’s contributions to the company's growth and expressed confidence in Aiken's leadership to continue meeting customer needs and driving future growth amidst a strong backlog.
The board of directors of General Dynamics (NYSE: GD) declared a quarterly dividend of $1.26 per share on December 7, 2022. This dividend is payable on February 10, 2023, to shareholders on record as of January 20, 2023. General Dynamics, a leading aerospace and defense company, reported $38.5 billion in revenue for 2021 and employs over 100,000 individuals globally. This dividend announcement reflects the company's commitment to returning value to shareholders.
General Dynamics Information Technology (GDIT) has established a coalition with Amazon Web Services (AWS), Cisco, Dell Technologies, Splunk, and T-Mobile to expedite the implementation of 5G and edge technologies across government agencies. This initiative aims to enhance communication and operational efficiency through advanced wireless solutions. GDIT's Advanced Wireless Emerge Lab will assist in developing prototypes tailored to governmental needs, addressing sectors like military, logistics, healthcare, and education. The coalition leverages each partner's strengths to provide secure 5G solutions while prioritizing cybersecurity for government operations.
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