DOGE's claimed contract savings of $24.8 billion are ‘overstated,' Bank of America says [Fortune]
General Dynamics Corporation (GD)
Last general dynamics corporation earnings: 4/29 07:00 am
Check Earnings Report
US:NYSE Investor Relations:
investorrelations.gd.com
Company Research
Source: Fortune
is “overstated.” DOGE has previously miscalculated contract values, with some numbers inflated by billions. DOGE's savings from canceled or renegotiated contracts appear to be “overstated,” according to a note from Bank of America Securities. The cost-cutting team claims to have saved around $24.8 billion in contract cancellations and renegotiations as of March 30, up from $21.6 billion last week. The BoA analysts noted that much of the jump appeared to come from a $2.9 billion contract cancellation for an unaccompanied childcare facility near the southern border. Savings connected to the Department of the Interior, which manages federal lands, are now $3.0 billion, up from $144 million last week. DOGE also claimed credit for $4.1 million in savings from General Dynamics' IT support contract for the Office of Medicare Hearings and Appeals electronic appeal portal. Overall, the team's cuts have affected around $93 million in annual General Dynamics IT (GDIT) contracts, but anal
Show less
Read more
Impact Snapshot
Event Time:
GD
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GD alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GD alerts
High impacting General Dynamics Corporation news events
Weekly update
A roundup of the hottest topics
GD
News
- SocGen says these 30 stocks will get a boost from Trump's Big Beautiful Bill in 2026 [Yahoo! Finance]Yahoo! Finance
- NCMS Report Explores How Portability Has Advanced Predictive Maintenance Systems [Yahoo! Finance]Yahoo! Finance
- General Dynamics (NYSE:GD) had its price target raised by analysts at JPMorgan Chase & Co. from $380.00 to $385.00. They now have an "overweight" rating on the stock.MarketBeat
- SocGen says these 30 stocks will get a boost from Trump's Big Beautiful Bill in 2026 [Business Insider]Business Insider
- General Dynamics (GD): Assessing Valuation After Jet Ramp-Up, New Defense Deals and Analyst Upgrades [Yahoo! Finance]Yahoo! Finance
GD
Earnings
- 10/24/25 - Beat
GD
Sec Filings
- 12/18/25 - Form 4
- 12/18/25 - Form 4
- 12/18/25 - Form 4
- GD's page on the SEC website