Latest news with #GeneralDynamics'
Yahoo
2 days ago
- Business
- Yahoo
General Dynamics (GD) Announces US$1.50 Quarterly Dividend For Shareholders
General Dynamics recently affirmed a quarterly dividend of $1.50 per share, underscoring its commitment to rewarding shareholders. Over the last quarter, GD's stock price rose by 4%, in line with broader market trends. During this period, the company reported first-quarter earnings with a revenue increase to $12,223 million and a rise in net income to $994 million, which likely supported this upward move. The completion of a share repurchase tranche may have also added positive sentiment. In the context of a 13% market rise over the past year, General Dynamics' performance reflects steady growth. We've spotted 1 possible red flag for General Dynamics you should be aware of. Uncover 18 companies that survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. The recent reaffirmation of General Dynamics' quarterly dividend of US$1.50 per share and its 4% stock price rise in the last quarter align with broader market trends, potentially reinforcing investor confidence. Over the past five years, the company's total return, including share price and dividends, increased by 95.69%. This longer-term gain can offer a more comprehensive perspective on its overall performance. In comparison to the previous year, the company's return underperformed both the US Aerospace & Defense industry, which returned 32.2%, and the broader US market, which returned 12.6%, indicating challenges in keeping pace with industry and market growth. The certification of the G800 and strengthened order activity could positively affect future revenue and earnings forecasts. Analysts estimate an annual revenue growth of 3.4% over the next three years, supported by improvements in aerospace and marine efficiencies. However, challenges like supply chain issues and pressurized book-to-bill ratios could constrain growth. With a current share price of US$270.61, the analyst consensus price target of US$292.42 suggests a 7.5% higher market value, illustrating a fairly close alignment between current pricing and projected company value. Evaluate General Dynamics' prospects by accessing our earnings growth report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include GD. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
3 days ago
- Politics
- Yahoo
Keel laid for guided-missile destroyer USS Quentin Walsh
Construction has officially begun on the new Arleigh Burke-class guided-missile destroyer Quentin Walsh (DDG 132), named after a World War II hero and Navy Cross recipient. The vessel's keel was laid May 20 during a ceremony at General Dynamics' Bath Iron Works in Maine, during which Walsh's great-granddaughter, Madison Ann Zolper, welded her initials into the keel plate as is customary for a ship's sponsor. Walsh, a captain in the U.S. Coast Guard, helped plan the capture of Cherbourg in the days leading up to the invasion of Normandy on D-Day on June 6, 1944. He earned his place in history when, in a series of daring enterprises, he captured about 750 German soldiers with a force of 53 men and liberated 52 U.S. paratroopers in the wake of the D-Day landings. He continued to lead a life of military and community service after the war. 'We are honored to mark the beginning of the construction for the future USS Quentin Walsh and celebrate his legacy with his family. DDG 132 will provide our Navy with critical strategic capabilities to support Fleet readiness,' said Capt. Jay Young, Arleigh Burke-class destroyer program manager of Program Executive Office Ships, in a release. The vessel will be equipped with AN/SPY-6(V)1 Air and Missile Defense Radar, a four-sided phased array radar that can defend against a wide variety of missiles, including hypersonic missiles, ballistic missiles and cruise missiles. Ships equipped with SPY-6 radar technology can also counter threats from surface vessels and the air, as well as electronic attacks.
Yahoo
28-05-2025
- Business
- Yahoo
UAW members at General Dynamics' Electric Boat vote to ratify new contract
(Reuters) -Union members at General Dynamics' Electric Boat submarine-making unit have voted to ratify a new contract, the United Auto Workers said on Wednesday. The union, representing over 2,400 marine drafters at Electric Boat, said 85% voted in favor of the ratification of the new five-year agreement which secures a 30% wage increase over the life of the contract and an improved wage progression. In total, members will see a cumulative $115,000-per-member increase in total compensation during the agreement, UAW said. The ratification comes over a month after members authorized a strike, demanding cost-of-living adjustments (COLA) to keep up with inflation. Electric Boat is a part of the defense contractor's marine systems segment, which assembles nuclear-powered submarines for the U.S. Navy.
Yahoo
13-05-2025
- Business
- Yahoo
See the US's presidential aircraft fleet that Trump wants to add to with a $400 million gift
President Trump wants to accept a Boeing 747 gifted by Qatar and use it as Air Force One. The president wants to use the jet amid delays with the new replacement fleet of AF1 aircraft. Both Trump critics and some supporters opposed the potential plane deal with Qatar's royal family. President Donald Trump is considering using a Qatari Boeing 747-8 given as a gift as Air Force One while the new presidential jet faces delays. The ruling family of Qatar gifted the US president the $400 million luxury jumbo jet, and Trump said he would "never be one to turn down that kind of offer." The potential plane deal faced pushback from critics and even some Trump allies over security concerns and the legal and ethical issues associated with using a foreign-origin aircraft as Air Force One, the president's airborne command center. Besides Air Force One, the presidential fleet includes other fixed- and rotary-wing aircraft depending on the mission. Presidential aircraft fleet Air Force One is a call sign that refers to any US Air Force aircraft transporting the president, though it is commonly recognized by its blue-and-white livery. The Air Force has two "specially configured" Boeing 747-200B jets that are primarily used as Air Force One. The VC-25A aircraft is uniquely modified to serve as an airborne command-and-control center for the president, staff, and guests with the same level of safety and security as the White House. Other than the number of passengers it can carry, the main differences between the VC-25 and the standard Boeing 747 include more advanced electronic and communications equipment, a self-contained baggage loader, and the capability for in-flight refueling. The VC-25 also has a rest area and mini-galley for the aircrew, six passenger lavatories, and a compartment with medical supplies and equipment for minor in-flight emergencies. Marine One For shorter distance trips, especially to and from the White House, the president flies in Marine One, which includes military helicopters like the VH-3D Sea King and the VH-60N White Hawk. In service for nearly five decades, both military helicopters are set to be phased out and fully replaced with modernized rotary-wing aircraft, the VH-92A. The next-generation Marine One is designed to be a militarized variant of the Sikorsky VH-92 Patriot. Other aircraft The presidential fleet also includes other fixed-wing aircraft besides the modified 747. The C-32A, a modified Boeing 757-200, is better suited for smaller airports or low-profile missions. The C-40, based on the Boeing 737, can be used to fly the president but is more often used for Cabinet members or other VIP individuals. Based on General Dynamics' Gulfstream long-range business jets, the C-37 is used to transport high-ranking government and Defense Department officials for worldwide missions. 'Next Air Force One' The two planes currently being used as Air Force One have been in service for nearly four decades. They are set to be replaced by a modernized variant dubbed the "Next Air Force One." Officially designated the VC-25B, the new presidential aircraft is set to feature "electrical power upgrades, a mission communication system, a medical facility, an executive interior, a self-defense system, and autonomous ground operations capabilities," according to an Air Force release. The two future VC-25B jets were initially scheduled to be fielded in 2024, but supply chain issues and shifting requirements could postpone their delivery to 2029. Facing pressure from the White House to have the new aircraft ready before Trump leaves office in January 2029, the Air Force and Boeing are aiming to have the new aircraft delivered by 2027, according to Darlene Costello, the Air Force's principal deputy assistant secretary for acquisition, technology, and logistics. A 'security nightmare' An Air Force official told Air and Space Forces Magazine that the service is coordinating with the White House and Boeing "to further define the requirements and acceleration options while ensuring we provide a safe, secure, and reliable aircraft for the president." Trump has previously expressed his frustration with receiving the next-generation Air Force One, suggesting earlier this year that he may seek "alternatives, because it's taking Boeing too long." Despite the backlash, the president doubled down on his proposal to use the Qatari jet as Air Force One, saying he doesn't plan on using it after his term and would donate it to a future presidential library. "I could be a stupid person and say, 'No, we don't want a free, very expensive airplane,'" Trump told reporters Monday. Though free in cost, there's still a major cost to overhaul and retrofit the plane with the strict security requirements needed to serve as Air Force One. "Along with the obvious ethical and legal issues, a $400M gifted luxury jet is not Air Force One," US Rep. Joe Courtney of Connecticut wrote on X. "Retrofitting a plane from Qatar would create huge costs & a security nightmare that would impede the work underway to deliver the actual AF1 by 2027." Read the original article on Business Insider
Business Insider
13-05-2025
- Business
- Business Insider
See the US's presidential aircraft fleet that Trump wants to add to with a $400 million gift
The ruling family of Qatar gifted the US president the $400 million luxury jumbo jet, and Trump said he would "never be one to turn down that kind of offer." The potential plane deal faced pushback from critics and even some Trump allies over security concerns and the legal and ethical issues associated with using a foreign-origin aircraft as Air Force One, the president's airborne command center. Besides Air Force One, the presidential fleet includes other fixed- and rotary-wing aircraft depending on the mission. Presidential aircraft fleet Air Force One is a call sign that refers to any US Air Force aircraft transporting the president, though it is commonly recognized by its blue-and-white Air Force has two "specially configured" Boeing 747-200B jets that are primarily used as Air Force One. The VC-25A aircraft is uniquely modified to serve as an airborne command-and-control center for the president, staff, and guests with the same level of safety and security as the White than the number of passengers it can carry, the main differences between the VC-25 and the standard Boeing 747 include more advanced electronic and communications equipment, a self-contained baggage loader, and the capability for in-flight VC-25 also has a rest area and mini-galley for the aircrew, six passenger lavatories, and a compartment with medical supplies and equipment for minor in-flight emergencies. Marine One For shorter distance trips, especially to and from the White House, the president flies in Marine One, which includes military helicopters like the VH-3D Sea King and the VH-60N White service for nearly five decades, both military helicopters are set to be phased out and fully replaced with modernized rotary-wing aircraft, the next-generation Marine One is designed to be a militarized variant of the Sikorsky VH-92 Patriot. Other aircraft The presidential fleet also includes other fixed-wing aircraft besides the modified 747. The C-32A, a modified Boeing 757-200, is better suited for smaller airports or low-profile C-40, based on the Boeing 737, can be used to fly the president but is more often used for Cabinet members or other VIP on General Dynamics' Gulfstream long-range business jets, the C-37 is used to transport high-ranking government and Defense Department officials for worldwide missions. 'Next Air Force One' The two planes currently being used as Air Force One have been in service for nearly four decades. They are set to be replaced by a modernized variant dubbed the "Next Air Force One."Officially designated the VC-25B, the new presidential aircraft is set to feature "electrical power upgrades, a mission communication system, a medical facility, an executive interior, a self-defense system, and autonomous ground operations capabilities," according to an Air Force two future VC-25B jets were initially scheduled to be fielded in 2024, but supply chain issues and shifting requirements could postpone their delivery to pressure from the White House to have the new aircraft ready before Trump leaves office in January 2029, the Air Force and Boeing are aiming to have the new aircraft delivered by 2027, according to Darlene Costello, the Air Force's principal deputy assistant secretary for acquisition, technology, and logistics. A 'security nightmare' An Air Force official told Air and Space Forces Magazine that the service is coordinating with the White House and Boeing "to further define the requirements and acceleration options while ensuring we provide a safe, secure, and reliable aircraft for the president."Trump has previously expressed his frustration with receiving the next-generation Air Force One, suggesting earlier this year that he may seek "alternatives, because it's taking Boeing too long."Despite the backlash, the president doubled down on his proposal to use the Qatari jet as Air Force One, saying he doesn't plan on using it after his term and would donate it to a future presidential library."I could be a stupid person and say, 'No, we don't want a free, very expensive airplane,'" Trump told reporters free in cost, there's still a major cost to overhaul and retrofit the plane with the strict security requirements needed to serve as Air Force One."Along with the obvious ethical and legal issues, a $400M gifted luxury jet is not Air Force One," US Rep. Joe Courtney of Connecticut wrote on X. "Retrofitting a plane from Qatar would create huge costs & a security nightmare that would impede the work underway to deliver the actual AF1 by 2027."
