STEEL ROBERT K sold $2.6M of GD

General Dynamics Land Systems received a $135.9M contract modification from the U.S. Army to upgrade Stryker armored vehicles' power systems, increasing the total contract value to $162.4M. The contract, running until 2030, covers retrofit kits for existing Strykers, though specifics on quantities and timelines were not disclosed. General Dynamics was the sole bidder. This follows another $54.3M contract for Stryker maintenance and sustainment through 2031.

General Dynamics Mission Systems won a U.S. Army contract for the RDEP-P 2.0 system, leveraging its Rampart 10 chassis. The contract includes prototype delivery, training, and support, with options for additional production. The system aims to enhance cyber and electronic warfare capabilities. The U.S. military is investing in electromagnetic spectrum operations, with CACI International also awarded a $281 million task order for similar capabilities.

The UK's Type 31 frigate, developed by Babcock, could compete for a US Navy contract. The design lacks submarine warfare capabilities, requiring modifications. The US has allocated $1.85B to evaluate foreign-built ships, but congressional restrictions and Babcock's lack of US shipyards pose challenges. The Type 31's cost has risen to £400M per vessel, with no ships yet operational.

General Dynamics (NYSE: GD) reports Q3 earnings on Oct. 30 with a $136.5B backlog. Q2 EPS beat estimates at $4.24, revenue up 8.1% YoY. Full-year EPS guidance raised to $16.80-$16.90. Analysts expect steady mid-single-digit growth. Key focus areas include Gulfstream margins, submarine throughput, and CEO transition.

General Dynamics Mission Systems secured a $184M contract to produce Next Generation Electronic Attack Units for the U.S. Navy's EA-18G Growler Block II modernization program. Work will continue through 2032, including production and sustainment support. The units are part of broader upgrades to the Growler's systems and cockpit, aiming to address evolving threats. The Navy plans further improvements, including an Advanced Cockpit System.

General Dynamics (GD) named Amy Johnson as president of its IT solutions subsidiary, GDIT, starting Nov. 3. She previously managed Space, Cyber and Intelligence at General Dynamics Mission Systems.