$GD

General Dynamics (NYSE:GD) named Danny Deep as its next CEO, effective January 1, 2027. Deep, currently the company's president, will succeed Phebe Novakovic, who will become executive chairman. Deep has been with the company for 25 years. General Dynamics reported $52.6 billion in revenue in 2025.

General Dynamics (NYSE:GD) unit General Dynamics Land Systems partnered with Primordial Labs to integrate Anura software, enabling voice-controlled vehicle systems. The tech aims to reduce crew workload and improve combat effectiveness. GD provides combat vehicles to the U.S. military and allies.

Citigroup lowered its price target for General Dynamics from $404 to $374. The stock is currently trading at $331.33, down 0.12% in pre-market. The adjustment is based on a weighted average of various ratings, including valuation and EPS revisions.

The U.S. Army selected 30 finalists for its xTech|Apex Intercept contest, seeking affordable interceptors for the Patriot air defense system. Finalists include RTX, Northrop Grumman, and others, each receiving $25,000. Winners may receive up to $1 million and potential contracts. The Army aims to add cheaper effectors to the Patriot system.

Camden, Arkansas, is a small town housing major defense contractors like Lockheed Martin, L3Harris, Raytheon, and General Dynamics. These companies are under pressure to rapidly increase missile production to replenish US stockpiles depleted by conflicts. The town faces challenges like housing shortages and a shrinking population, which strain the workforce. Defense Secretary Pete Hegseth visited Camden, highlighting its role in national defense.

General Dynamics (GD) stock has gained 80.3% over 5 years, but its current valuation is questioned. A $49.3M contract for Stryker vehicles may support future cash flows. The company's free cash flow is $6.6B, and DCF models suggest it may be undervalued by 28%. The stock's next move depends on whether its price reflects intrinsic value based on cash flows.

General Dynamics (GD) appointed Paul Nedzbala as interim president of GDIT. He replaces Amy Gilliland, who is no longer with the company. Nedzbala has extensive experience in federal IT services. GD specializes in aerospace, defense, and IT systems, with significant U.S. sales.

Parry Labs signed a five-year enterprise agreement with General Dynamics Land Systems for its STRATIA and VIW software platforms. The deal expands their partnership, supporting U.S. Army ground combat systems modernization. Parry Labs' software enables rapid integration of advanced technologies and aligns with defense industry standards.

The Pentagon's continued spending supports four defense stocks: Lockheed Martin (LMT), General Dynamics (GD), RTX, and Northrop Grumman (NOC). LMT reported $20.06B Q2 revenue (+10.5% YoY) and $7.94 EPS, with a $3.45 quarterly dividend. GD saw $14.1B Q2 revenue (+8.1%) and $4.24 EPS, with a $1.59 quarterly dividend. RTX had $289B backlog, $0.73 quarterly dividend, and raised 2026 free cash flow guidance. NOC reported $20B Q2 awards, $7.68 EPS, and $2.47 quarterly dividend.

Ratel Robotics and General Dynamics Mission Systems–Canada signed a memorandum to jointly produce unmanned ground vehicles for Ukraine. General Dynamics will provide manufacturing and engineering, while Ratel will contribute UGV expertise. Ratel, which has developed UGVs since 2023, is set to be acquired by Swarmer for $224 million.