$372.590
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Raises FY26 Revenue Outlook to $56.5B
Consensus $17.00. Raises FY26 revenue view to $56.5B-$56.8B from $55.7B, consensus $55.95B. Backs FY26 capital expenditures view 3.5%-4.5% of revenues. Guidance taken from Q3 earnings conference call.
General Dynamics Awarded $135.94M Contract Modification
General Dynamics was awarded a $135.94M modification to a contract to establish the pricing for procurement of the complete Stryker Enhanced Power Distribution Unit Version 2 Retrofit Kit. This modification brings the total cumulative face value to $162.41M. One bid was solicited with one received. Work locations and funding will be determined with each order, with an estimated completion date of Aug. 8, 2030. Army Contracting Command is the contracting activity.
General Dynamics Appoints Danny Deep as CEO
General Dynamics announced that its board of directors has elected Danny Deep, who currently serves as president of the company, to be CEO, effective January 1, 2027. Deep will succeed Phebe Novakovic, who will transition to executive chairman after serving as CEO since 2013. Deep has been with the company for 25 years, serving in positions of increasing responsibility. Before becoming president of the company in 2025, he served as executive vice president of Global Operations, executive vice president of Combat Systems, and president of Land Systems.
General Dynamics Land Systems Partners with Primordial Labs
General Dynamics Land Systems, a business unit of General Dynamics, and Primordial Labs announced a master teaming agreement to bring natural language command and control to ground combat vehicles. The collaboration pairs GDLS's expertise in combat vehicle design and integration with Anura, Primordial Labs' Natural Language Command and Control software. Primordial Labs will expand the integration of Anura across vehicles in the General Dynamics Land Systems portfolio. "We see natural-language control as a critical enabler of greater lethality with a smaller crew size, reduced physical workloads and increased cognitive performance for maneuver combat teams," said Keith Barclay, vice president and general manager of U.S. operations at General Dynamics Land Systems.
General Dynamics Awarded $184.25M Contract
General Dynamics was awarded a $184.25M firm-fixed-price and cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract for the manufacture of Full Rate Production of Next Generation Electronics Attack Units, or NGEAU, sustainment support, and Advanced Capability Mission Computer future sustainment support. Work will be performed in Bloomington, Minnesota, and is expected to be completed by September 2032. This contract was not competitively procured via the System for Award Management website. The contract is a sole-source award under 10 U.S. Code 3204 - only one responsible source and no other supplies or services will satisfy agency requirements. Naval Surface Warfare Center Crane is the contracting activity.
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