General Dynamics Gets $184.3 Million US Navy Contract

General Dynamics (NYSE: GD) won a $184.25M contract for Next Generation Electronics Attack Units. The company offers a 1.74% dividend yield, a 38% payout ratio, and 6% 3-year dividend growth. GF Value™ estimates GD is 1.1% undervalued. Its GF Score™ is 88/100, indicating strong fundamentals. Insiders sold $93.7M in shares over 12 months, while 16 gurus hold positions.

General Dynamics Land Systems will deliver 250 M1A2 SEPv3 Abrams tanks to Poland within 24 months, part of a $4.75 billion deal including bridge layers, recovery vehicles, and support. Poland chose the Abrams for its active production line and interoperability with NATO forces, aiming to bolster defense against Russia. The SEPv3 offers improved protection and digital connectivity but faces criticism for increased weight and fuel consumption.

The U.S. Army's XM-30, a next-gen combat vehicle, is designed to replace the M-2 Bradley. It can operate with or without a crew. The Army awarded contracts to General Dynamics Land Systems and American Rheinmetall Vehicles for design and prototyping. Testing is planned for 2026-2027, with fielding expected in 2029. The Army requested $547 million for 19 prototype vehicles in FY2027.

General Dynamics Mission Systems (GDMS) secured a $99.3M contract to upgrade the MUOS ground segment for two satellites. Boeing is building the satellites under a $2B contract. Work runs through 2028, with $23.7M obligated in 2026. GDMS also holds other MUOS-related contracts worth millions.

General Dynamics received a $194.1M contract modification for technical and engineering support for the Nuclear-Armed, Sea-Launched Cruise Missile Program, with work expected to be completed by September 2028. The company's involvement in this program is expected to drive demand for its engineering and fire-control capabilities, supporting long-term growth. General Dynamics shares have risen 13.3% in the past year, trading at a forward 12-month Price/Sales of 1.73X, below its industry's average

Longview Asset Management reports a 9.9% beneficial ownership stake in General Dynamics (GD) as of September 1, 2026, holding 26,935,036 shares. The ownership percentage is calculated under Rule 13d-3, using 270,557,195 shares outstanding as of July 5, 2026. Longview previously exceeded the 10% threshold but reported it was no longer a 10% stockholder in April 2026.