GD

GDIT Awarded $450 Million Financial Systems Modernization Contract by the Centers for Medicare and Medicaid Services

Retrieved on: 
Thursday, October 26, 2023
General Dynamics, NYSE, Medicare, GD, Fraud, Federation, Multimedia, GDIT, Partnership, Anomaly, Machine learning, Medicaid, Centers for Medicare & Medicaid Services, Captain James A. Lovell Federal Health Care Center, CMS, Pharmaceutical industry, Health insurance, Hospital

FALLS CHURCH, Va., Oct. 26, 2023 /PRNewswire/ -- General Dynamics Information Technology (GDIT), a business unit of General Dynamics (NYSE:GD), announced today that it was awarded a $450 million contract by the Centers for Medicare and Medicaid Services to continue operating and modernizing its Healthcare Integrated General Ledger Accounting System (HIGLAS). The contract has an eight-month base period with seven option years.

Key Points: 
  • FALLS CHURCH, Va., Oct. 26, 2023 /PRNewswire/ -- General Dynamics Information Technology (GDIT), a business unit of General Dynamics (NYSE:GD), announced today that it was awarded a $450 million contract by the Centers for Medicare and Medicaid Services to continue operating and modernizing its Healthcare Integrated General Ledger Accounting System (HIGLAS).
  • HIGLAS is a single, integrated accounting system that standardizes and centralizes federal financial accounting for all of CMS's programs.
  • HIGLAS processes approximately 4.5 million Medicare claims daily and over $2 trillion in payments annually in support of more than 147 million Medicare and Medicaid beneficiaries.
  • Additionally, GDIT will provide management services and host the HIGLAS primary data processing and disaster recovery systems to ensure 24/7/365 system reliability.

Fitell Corporation Announces New CEO to Drive Expansion in Australia and Asia

Retrieved on: 
Monday, October 23, 2023
IPO, Strategic planning, GD, Growth, Business, Griffith University, Management, Marketing

Guy Robertson, will step down from the positions of CEO and director due to, his increasing commitments to several other companies and board directorships.

Key Points: 
  • Guy Robertson, will step down from the positions of CEO and director due to, his increasing commitments to several other companies and board directorships.
  • The decision to transition the CEO role comes in a time as Fitell advances into an exciting phase of expansion and strategic evolution following its successful initial public offering.
  • We are confident that she is uniquely suited to lead Fitell to the next chapter of expansion.
  • Our ongoing commitment to innovation and excellence will be unwavering as we drive growth and execute Fitell’s strategic expansion initiatives in Australia and Asia.”

General Dynamics Reports Third-Quarter 2023 Financial Results

Retrieved on: 
Wednesday, October 25, 2023
IDIQ, Public expenditure, United States Department of Homeland Security, Aerospace, Growth, GD, United States Navy, General Dynamics, EPS, NYSE, ThyssenKrupp Marine Systems, Columbia, Arms industry

RESTON, Va., Oct. 25, 2023 /PRNewswire/ -- General Dynamics (NYSE: GD) today reported third-quarter 2023 net earnings of $836 million on revenue of $10.6 billion.

Key Points: 
  • RESTON, Va., Oct. 25, 2023 /PRNewswire/ -- General Dynamics (NYSE: GD) today reported third-quarter 2023 net earnings of $836 million on revenue of $10.6 billion.
  • "Both operating earnings and net earnings increased over last quarter, and cash from operations was a highlight."
  • After $227 million in capital expenditures, the company generated free cash flow from operations of $1.1 billion, or 131% of net earnings.
  • Total estimated contract value, the sum of all backlog components, was $132.9 billion at the end of the quarter.

General Dynamics NASSCO awarded ship repair contract valued at up to $754 million

Retrieved on: 
Friday, October 13, 2023
Multimedia, NYSE, Navy, USS Pinckney, General Dynamics, GD, USS James E. Williams, NASSCO, Ship, Maintenance, USS James (SP-429), SAN, Spring Styles books (U.S. Navy), USS, DDG, Mayport, Arms industry

SAN DIEGO, Oct. 13, 2023 /PRNewswire/ -- General Dynamics NASSCO, a subsidiary of General Dynamics (NYSE: GD), announced today it was awarded a contract by the U.S. Navy for the maintenance, modernization and repair of USS Chung-Hoon (DDG 93) and USS James E. Williams (DDG 95).

Key Points: 
  • SAN DIEGO, Oct. 13, 2023 /PRNewswire/ -- General Dynamics NASSCO, a subsidiary of General Dynamics (NYSE: GD), announced today it was awarded a contract by the U.S. Navy for the maintenance, modernization and repair of USS Chung-Hoon (DDG 93) and USS James E. Williams (DDG 95).
  • The contract for an initial $15.6 million includes options that, if exercised, would bring the cumulative value to $753.8 million.
  • "NASSCO and our industry partners are looking forward to executing a pair of successful availabilities and are thankful the Navy has sole-sourced the contract to us to lead this effort," said Dave Baker, vice president of Repair for General Dynamics NASSCO.
  • General Dynamics employs more than 100,000 people worldwide and generated $39.4 billion in revenue in 2022.

General Dynamics Electric Boat Awarded $967 Million Contract Modification for Virginia-Class Submarines

Retrieved on: 
Tuesday, October 3, 2023
General Dynamics Electric Boat, U.S. Navy type commands, General Dynamics, Newport News Shipbuilding, GD, Multimedia, Ship, Development, HII, NYSE, Safety, Shipbuilding, Arms industry

GROTON, Conn., Oct. 3, 2023 /PRNewswire/ -- General Dynamics Electric Boat, a business unit of General Dynamics (NYSE: GD), announced today it has been awarded a $967 million contract modification from the U.S. Navy for Lead Yard Support and Development and Design efforts for Virginia-class fast-attack submarines.

Key Points: 
  • GROTON, Conn., Oct. 3, 2023 /PRNewswire/ -- General Dynamics Electric Boat, a business unit of General Dynamics (NYSE: GD), announced today it has been awarded a $967 million contract modification from the U.S. Navy for Lead Yard Support and Development and Design efforts for Virginia-class fast-attack submarines.
  • "This contract award supports critical work to further advance the capability and superiority of the Virginia class submarine," said Kevin Graney, president of General Dynamics Electric Boat.
  • General Dynamics Electric Boat designs, builds, repairs and modernizes nuclear submarines for the U.S. Navy.
  • More information about General Dynamics Electric Boat is available at www.gdeb.com .

General Dynamics Ordnance and Tactical Systems Awarded $218 Million to Expand Artillery Production

Retrieved on: 
Monday, October 2, 2023
Weapon, OTS, Assemble, General Dynamics, Hazardous waste, GD, Multimedia, Marine Corps Tactical Systems Support Activity, Pack, Engineering, United States Department of the Army, LAP, NYSE, Arms industry, United States Army

ST. PETERSBURG, Fla., Oct. 2, 2023 /PRNewswire/ -- General Dynamics Ordnance and Tactical Systems (OTS), a business unit of General Dynamics (NYSE: GD), announced today it was awarded a $218 million initial task order for 155mm M1128 Load, Assemble, and Pack (LAP). The task order, awarded under a $974 million multiyear firm-fixed-price U.S. Army contract awarded to OTS and another company, includes funding for M1128 facilitization and production at OTS's operations in Camden, Arkansas.

Key Points: 
  • ST. PETERSBURG, Fla., Oct. 2, 2023 /PRNewswire/ -- General Dynamics Ordnance and Tactical Systems (OTS), a business unit of General Dynamics (NYSE: GD), announced today it was awarded a $218 million initial task order for 155mm M1128 Load, Assemble, and Pack (LAP).
  • The task order, awarded under a $974 million multiyear firm-fixed-price U.S. Army contract awarded to OTS and another company, includes funding for M1128 facilitization and production at OTS's operations in Camden, Arkansas.
  • OTS was awarded a similar contract in February 2023 for M795 LAP facilitization of 20,000 rounds per month.
  • General Dynamics Ordnance and Tactical Systems is a global leader in the design, engineering and production of munitions, energetics, weapons, armaments, and missile subsystems around the world.

GigaDevice Launches the GD-xD-W515-EVAL Board: The All-in-One Kit for Rapid Prototyping and Development in Multiple Applications

Retrieved on: 
Wednesday, September 27, 2023
Data management, MCU, GigaDevice, SPI, QSPI, MIC, Light-emitting diode, Privacy, GD, XD, HMI, LCD, Flash, CAU, Somatosensory system, Ivanti Pulse Connect Secure data breach, TSI, Video game, Electric battery

This evaluation platform leverages various GigaDevice products, enabling customers to evaluate multiple hardware and software combinations all within one comprehensive kit.

Key Points: 
  • This evaluation platform leverages various GigaDevice products, enabling customers to evaluate multiple hardware and software combinations all within one comprehensive kit.
  • The GD-xD-W515-EVAL Board is the first evaluation kit in the xD series, it comprises a mainboard, a fingerprint board, and an LCD board within a compact footprint.
  • Multiple Information Output Choices: Equipped with a flat vibration motor, multi-channel LEDs, and an LCD screen for versatile information output.
  • For more information please visit: www.gigadevice.com/gd-xd-w515-eval-board , and you will have a chance to order a free W515 evaluation board.

GigaDevice Launches the GD-xD-W515-EVAL Board: The All-in-One Kit for Rapid Prototyping and Development in Multiple Applications

Retrieved on: 
Wednesday, September 27, 2023
Data management, MCU, GigaDevice, SPI, QSPI, MIC, Light-emitting diode, Privacy, GD, XD, HMI, LCD, Flash, CAU, Somatosensory system, Ivanti Pulse Connect Secure data breach, TSI, Video game, Electric battery

This evaluation platform leverages various GigaDevice products, enabling customers to evaluate multiple hardware and software combinations all within one comprehensive kit.

Key Points: 
  • This evaluation platform leverages various GigaDevice products, enabling customers to evaluate multiple hardware and software combinations all within one comprehensive kit.
  • The GD-xD-W515-EVAL Board is the first evaluation kit in the xD series, it comprises a mainboard, a fingerprint board, and an LCD board within a compact footprint.
  • Multiple Information Output Choices: Equipped with a flat vibration motor, multi-channel LEDs, and an LCD screen for versatile information output.
  • For more information please visit: www.gigadevice.com/gd-xd-w515-eval-board , and you will have a chance to order a free W515 evaluation board.

GDIT Wins All Initial Task Orders on $4.5 Billion Department of the Air Force Security Support Services IDIQ Contract

Retrieved on: 
Monday, September 18, 2023
GDIT, Air force, The, General Dynamics, Multimedia, GD, NYSE, Automation, Arms industry

FALLS CHURCH, Va., Sept. 18, 2023 /PRNewswire/ -- General Dynamics Information Technology (GDIT), a business unit of General Dynamics (NYSE:GD), announced today that it swept all initial task orders on the $4.5 billion Department of the Air Force Security Support Services indefinite-delivery/indefinite quantity contract.

Key Points: 
  • FALLS CHURCH, Va., Sept. 18, 2023 /PRNewswire/ -- General Dynamics Information Technology (GDIT), a business unit of General Dynamics (NYSE:GD), announced today that it swept all initial task orders on the $4.5 billion Department of the Air Force Security Support Services indefinite-delivery/indefinite quantity contract.
  • The multiple-award, indefinite-delivery-indefinite quantity contract, initially awarded in February 2021, includes a five-year base period and a five-year option.
  • Following multiple protests by a competitor, the Air Force notified GDIT in August 2023 that all protests were resolved .
  • Under the contract, which is expected to start on Nov. 15, GDIT will implement comprehensive security services including information, personnel and communications security as well as counterintelligence analysis and cybersecurity assessments.

IperionX to Produce Titanium Plate for U.S. Army Testing

Retrieved on: 
Thursday, September 7, 2023
Manufacturing, Mining, Minerals, Natural Resources, Other Manufacturing, Military, Other Defense, Defense, Contracts, Engineering, Machinery, Machine Tools, Metalworking & Metallurgy, Hydrogen, United States Army Combat Capabilities Development Command, U.S. Department of Defense Strategy for Operating in Cyberspace, Rheinmetall, Educational Testing Service, Original equipment manufacturer, United States Department of Defense, Titanium, IPX, LON, General Dynamics Land Systems, ASX, GD, Recycling, RHM, FRA, TSA, Steel, Associate, Corrosion, HSPT, BAE Systems, BAE Systems Inc., General Dynamics, Alloy, NYSE, Fatigue, Gasoline, Arms industry, Army, United States Army

This agreement will focus on the metal characterization and ballistic testing properties of IperionX’s high-strength titanium plate components.

Key Points: 
  • This agreement will focus on the metal characterization and ballistic testing properties of IperionX’s high-strength titanium plate components.
  • The United States has very limited domestic primary titanium metal (titanium sponge) capacity and currently imports over 95% of the titanium sponge required for the U.S. defense sector.
  • IperionX plans to re-shore a fully integrated titanium supply chain to the U.S., reduce the acute reliance on titanium imports from foreign nations, and strengthen the domestic titanium supply chain for critical defence systems.
  • The potential to produce titanium plate, with all of its capabilities, that is cost-competitive with aluminium and steel only helps us improve the operational performance and readiness of Army ground systems.”
    “We are honored to collaborate with DEVCOM GVSC to evaluate our titanium products for U.S. Army ground vehicles.