Saturday, January 28, 2012

General Dynamics (NYSE:GD) Snags $7m US Army Deal

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tdp2664 E money daily General Dynamics (NYSE:GD) has reportedly won a $7 million order from U.S Army. General Dynamics (NYSE:GD) Snags $7m US Army Deal General Dynamics Armament and Technical Products, a subsidiary of West Falls Church based defense conglomerate and fifth largest defense contractor in the world, General Dynamics (NYSE:GD), has reportedly won an order worth $7.3 Million from the U.S Army to supply GAU-19/B Gatling gun systems for use on U.S. Army helicopters. Steve Elgin, vice president and general manager of General Dynamics (NYSE:GD)'s Armament and Technical Products said”With about 250 systems currently in service, the GAU-19/A is a proven gun that is reliable in land, sea and air applications. The new GAU-19/B gun provides the same superior firepower as the GAU-19/A system in a significantly lighter package which easily integrates aboard existing platforms and expands the warfighters’ performance envelope.” General Dynamics (NYSE:GD) company shares are currently standing at 71.51. Price History Last Price: 71.51 52 Week Low / High: 53.95 / 78.27 50 Day Moving Average: 66.43 6 Month Price Change %: 4.3% 12 Month Price Change %: -3.5%



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