Wednesday, September 28, 2011

General Dynamics (NYSE:GD) Wins $9bn Deal

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tdp2664 E money daily It has been reported that the U.S. Army has awarded a $9 billion contract to General Dynamics (NYSE:GD). General Dynamics (NYSE:GD) Wins $9bn Deal General Dynamics (NYSE:GD), the West Falls Church based U.S. defense conglomerate, has been awarded $9 billion by The U.S. Army for the loading, assembling and packing of their Modular Artillery Systems. Vice president and general manager of armament systems for General Dynamics (NYSE:GD) Armament and Technical Products, Steve Elgin, said, “MACS offers maximum flexibility in tactical logistics to U.S. warfighters. The build-a-charge system eliminates the need to dispose of unused cartridges, and the charge system fires cleanly, without leaving residue in the cannon breech.” General Dynamics (NYSE:GD) shares were at 58.41 at the end of the last day’s trading. There’s been a -21.0% change in the stock price over the past 3 months. General Dynamics (NYSE:GD) Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 1.65 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.68 Zack’s Rank: 2 out of 7 in the industry



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