General Dynamics (GD) continues to see market gains, albeit lagging behind the general market. It has secured numerous contracts including a $299 million contract to support the Pentagon's Network Infrastructure, a $491.6 million contract for the Space Development Agency, $922M deal to Modernize CENTCOM, and a significant contract for additional oilers. Q2 2024 Financial Results have been reported, indicating revenue growth. The company's stock has seen rising relative strength, yet it has experienced larger falls than the broader market. The corporation has been classified as Morgan Stanley’s Best Stock Picks for 2025, while other insiders have sold off the stock. Lockheed Martin and General Dynamics have formed a strategic teaming agreement regarding solid rocket motors, with strong institutional ownership at 81%. The stock has a significant average price target from brokerages and has set a new 12-month high at $307.22. However, lower G700 business jet deliveries have shown to hit General Dynamics results.
General Dynamics GD News Analytics from Wed, 24 Jan 2024 08:00:00 GMT to Sun, 22 Sep 2024 12:35:41 GMT -
Rating 7
- Innovation 9
- Information 8
- Rumor 6
