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The Latest Breaking News from General Dynamics

Scott Morrison issues blanket denial on nuclear submarine questions

The former PM answered with an emphatic ‘No’ when asked if he knew of links between powerful lobbyists and the AUKUS deal.

Crikey

Mere coincidence? Crosby Textor is the common link in Morrison’s AUKUS deal

The nuclear-powered submarine deal with the UK and the US was backed by the nuclear-powered lobbying firm and political consultancy.

Crikey

Unprepared for long war, US Army under gun to make more ammo

One of the most important munitions of the Ukraine war comes from a historic factory in Scranton, Pennsylvania

The Independent UK

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My family was massacred on my wedding day. I hold the US in part responsible

Until Biden fulfills his promise to end arm sales to the Saudis, the US and its largest defense contractors are complicit in war crimes

The Guardian - US

British army’s new Ajax fighting vehicle will not be ready until end of decade

Labour accuses government of failing taxpayers and troops with £5.5bn programme that is already six years late

The Guardian - UK

Payments for tanks manufactured in Merthyr to resume after years of delays

The vehicles were due to enter service in 2017 but the scheme, which provides hundreds of jobs in south Wales, has been repeatedly delayed

Wales Online

Ministry of Defence restart payments on controversial Welsh made armoured vehicles contract

The MoD ceased payments to General Dynamics two years ago after noise and vibration issues injuring soldiers

Birmingham Post

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Pentagon puts priority on replacing munitions in 2024 budget

WASHINGTON — The Pentagon’s $170 billion procurement request for the new fiscal year focuses on replacing munitions supplied to Ukraine as well as well as weapons like long-range missiles, which would be necessary in a conflict with China, according to an internal budget document.

Tribune News Service

The Ukraine economic war: Who's winning?

Neither Ukraine nor Russia is "winning" — but Saudi Arabia, the oil companies and the arms industry certainly are

Salon

Latest Ukraine Aid Package Provides $1.7 Billion Directly To Defense Contractors

The latest round of U.S. military aid to Ukraine provides a $1.725 billion boost to defense stocks like Boeing, Raytheon, General Dynamics.

Investors Business Daily

Stock Market Pares Losses As S&P 500 Hangs By Fingernails To This Chart Level

Decliners topped advancers by nearly 2-to-1 on the Nasdaq and NYSE.

Investors Business Daily

A winning stock strategy in 2023? Steady not sexy

The best stocks to buy now fall into 3 unloved sectors: banking, defense, and health care.

Fortune

Defense Stocks Rise After DOD Doles Out High-Value Awards

Defense contractors General Dynamics, Lockheed Martin and Boeing received high-value awards from the Department of Defense during the holidays

Investors Business Daily

Former soldier tasked with getting Navy builder in shipshape

The new leader of Navy shipbuilder Bath Iron Works said he's been rejuvenated by a shift from his former aerospace job to building ships

The Independent UK

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Al Jazeera

Global arms sales rise for 7th year despite supply chain issues

Weapons trade grows 1.9 percent according to SIPRI, with Russia’s invasion of Ukraine adding to supply chain problems.

Investors Business Daily

Defense Sector Reports Q3 Amid Ukraine-Fed Build-Out

Raytheon leads defense quarterly earnings with General Dynamics, Northrop Grumman, L3Harris and Booz Allen Hamilton all reporting this week.

The Guardian - US

US has increased arms sales abroad despite Biden election pledge

Report by Quincy Institute says ‘current US arms policy and practice too often fuel war rather than deterring it’

Wales Online

60 more jobs to be cut at two Valleys factories

It comes six months after an additional 60 roles were put in danger at General Dynamics

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Investors Business Daily

Putin Warns, Defense Stocks Jump; Watchdog Says Nuke Markets Poised To Surge

The market for nuclear weapons is growing as Russia escalates its war with Ukraine and tensions rise between China, Taiwan and the U.S.

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For August 30, 2022

Investors Business Daily

Lockheed Rebounds On $30B Contract Rumors After Slashing Guidance, Earnings Miss

Lockheed Martin earnings missed and the defense giant slashed full-year guidance. LMT stock fell after wiping out Ukraine invasion gains.

The Independent UK

Canada to send 39 armoured vehicles to Ukraine ‘this summer’

The 39 vehicles will be shipped to Kyiv ‘this summer’, Canadian defence minister Anita Anand says

Reuters

Canada to send 39 armored vehicles to Ukraine this summer

Canada will send 39 General Dynamics-made armored vehicles to Ukraine later this summer to help Kyiv in its defense against the Russian invasion, Canadian Defense Minister Anita Anand said on Thursday.

Benzinga

Peering Into General Dynamics's Recent Short Interest

General Dynamics's (NYSE:GD) short percent of float has risen 16.16% since its last report. The company recently reported that it has 3.17 million shares sold short, which is 1.15% of all regular shares that are available for trading.

Salon

The arms manufacturing gold-rush

Major arms manufacturers are experiencing a genuine gold-rush moment

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