General Dynamics Subsidiary to Pay $1.4 Million in Back Wages to Mexican Engineers [Yahoo! Finance]
General Dynamics Corporation (GD)
Last general dynamics corporation earnings: 4/29 07:00 am
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Source: Yahoo! Finance
The company allegedly paid the workers in Mexican pesos below the federal minimum wage rate, violating the Fair Labor Standards Act. An investigation by the DOL's Wage and Hour Division found National Steel and Shipbuilding Co. (NASSCO) used the L-1B visa program to bring the workers to San Diego from a General Dynamics subsidiary in Mexicali, Mexico, to install power plants, engines and machinery; complete structures and finish and furnish ships interiors. The L-1B visa program enables employers to transfer professional employees with specialized knowledge from affiliated foreign offices to U.S. offices. Most Read on IEN: Hackers Steal MLB Player's Lamborghini By Rerouting Delivery Jet Flies 300 Hours with Tool Stuck in its Engine Rare Cars Found in Secret ‘Junkyard' Sold for Millions AI Taught to Hear Battery Fires Before They Start NASSCO operates one of three shipyards in General Dynamics' Marine Systems group. The shipyard designs and builds auxiliary and support
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News
- 3 Reasons to Sell GD and 1 Stock to Buy Instead [Yahoo! Finance]Yahoo! Finance
- BTIG downgrades General Dynamics on Gulfstream supply chain, certification [Yahoo! Finance]Yahoo! Finance
- Better Quantum Computing Stock: IonQ vs. Alphabet [Yahoo! Finance]Yahoo! Finance
- General Dynamics Co. (NYSE: GD) was downgraded by analysts at BTIG Research from a "buy" rating to a "neutral" rating.MarketBeat
- Defense Market in US to Grow by USD 169.43 Billion from 2024-2028, Driven by UAV Demand, Report on How AI is Redefining the Market Landscape - Technavio [Yahoo! Finance]Yahoo! Finance
GD
Earnings
- 1/29/25 - Beat
GD
Sec Filings
- 2/10/25 - Form 144
- 2/10/25 - Form SCHEDULE
- 2/7/25 - Form 10-K
- GD's page on the SEC website