General Dynamics (GD) was awarded a $1.27B cost-plus-fixed-fee modification to a previously awarded contract for lead yard support and development studies and design efforts related to Virginia-class submarines. This contract modification includes options which, if exercised, would bring the cumulative value of the contract change to $2.49B. Work is expected to be completed by April 2027. Naval Sea Systems Command is the contracting activity.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GD:
- General Dynamics price target lowered to $380 from $389 at Citi
- Disney upgraded, Nike downgraded: Wall Street’s top analyst calls
- General Dynamics initiated with an Overweight at Wells Fargo
- Epirus, General Dynamics Land Systems, Kodiak AI unveil new HPM system
- General Dynamics awarded $15.38B Navy contract modification
