General Dynamics Wins a $191M Deal for Iron Fist Protection System [Yahoo! Finance]
General Dynamics Corporation (GD)
Last general dynamics corporation earnings: 4/29 07:00 am
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Source: Yahoo! Finance
GD recently won a contract worth nearly $191.2 million from the Defense Logistics Agency Aviation to provide its Iron Fist Protection System B-kits. The delivery order is expected to be finished by July 31, 2027. What Lies Ahead for GD Stock? Active Protection Systems (“APS”) are intended to protect the vehicle on which they are mounted against anti-tank weapons. In recent times, demand for APS has increased significantly, backed by rising military spending by nations worldwide amid widespread geopolitical tensions as well as the growing need for higher survivable and technologically advanced weapon systems against emerging combat threats. The Mordor Intelligence firm projects the Active Protection Systems market to witness a CAGR of 6.1% during the 2024-2029 period. Such market growth expectations are likely to benefit General Dynamics, which has been a renowned provider of APS for armed forces globally. Notably, its Iron Fist Light is an active protection system that employs
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GD
Earnings
- 7/24/24 - Miss
GD
Sec Filings
- 9/19/24 - Form 4
- 9/19/24 - Form 4
- 9/19/24 - Form 4
- GD's page on the SEC website