GD is marine contract of vehicles - analyst Blog (Zacks)

GeneralDynamics Land Systems - Canada, a business unit of General Dynamics Corporation (GD - report) has received the U.S. Marine Corps Systems Command, contract 317.4 million to upgrade kits for the Mine Resistant Ambush protected (MRAP) vehicle program. The company expects to complete the delivery of packages in November 2011.

GeneralDynamics Land Systems - Canada Canada, located in London, Ontario, is a business unit of General Dynamics Land Systems in Sterling Heights, Michigan. General Dynamics Land Systems is part of combat systems business segment society.

General Dynamics Land Systems plays a vital role in u.s. Army including reservoir (mise à niveau M1A2 MS and AIM) Abrams base vehicle programs, Stryker infantry combat vehicle and vehicle recognition of Fox, NBC and its modernization plan.

Combat systems business segment of the General Dynamics has been witness to 13.6% decline in revenues in the first nine months of 2010 on to compare year over year. This is due to volumes in the tank Abrams and Stryker wheeled combat vehicles program.

General Dynamics at the end of the first nine months of 2010 has been 61.83 billion, which has slipped from 6.7% 66.3 million in the period of the year - total backlog it y a. go forward performance company will improve new contracts as the Stryker wheeled armoured vehicle, agreement with NASA to modernize the network communications by satellite, ground segment program agreement with Navy feed long-lead materials and advanced mobile landing pad program design efforts.

General Dynamics, headquartered in Falls Church, Virginia, is a leader in the business aviation market. land and Expeditionary combat arms and ammunition; systems shipbuilding and marine systems; and information and technology systems. The company operates from four sectors of activity - Information Systems & Technology, combat, Marine Systems and aerospace systems. Of the company's main competitors are Northrop Grumman Corporation (NPS - report), Raytheon Company (RTN - report) and Force Protection, Inc. (FRPT - instant report).

General Dynamics currently considers all year round 2010 operating earnings range from $ 6.70 to $ 6.75 per share, taking into account the robust performance in the third quarter. The consensus of Zacks estimates for the fourth quarter of 2010 fiscal year 2010 and 2011 are respectively $ 1.85 per share, $6.76 action and $7.09 per share.

General Dynamics currently retains Zacks # 3 rank (hold short-term rating). Also, we maintain our neutral recommendation on stock.

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