General Dynamics and Finmeccanica Sub Bid on T-X Trainer Contract

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

On Thursday, General Dynamics  (NYSE: GD  ) announced that it is teaming with the Alenia Aermacchi subsidiary of Italy's Finmeccanica, to bid for a contract to build the U.S. Air Force's next generation training jet.

USAF is currently accepting bids to build what it's calling the "T-X Trainer," a new jet to replace the service's aging T-38 fleet. General Dynamics, generally thought of today as an armored ground vehicles specialist, actually has a long history in flight. At one time, it owned the General Atomics company that today dominates the field of unmanned aerial vehicles. Another former GD subsidiary even inverted the F-16 fighter jet . So, while presently ground-bound, the company does have a history to build on. Accordingly, in its press release, General Dynamics notes that it will be serving as the "prime contractor" on its bid with aeronautics specialist Alenia Aermacchi.

Together, the companies plan to offer the U.S. a version of Alenia Aermacchi's T-100 trainer, upgraded to incorporate USAF requirements. To improve their chances of winning, General Dynamics says further that the new T-X jet would be built here in the U.S., "with an emphasis on United States-made components and equipment."

Investors seem to like the news. In response to the company's announcement, General Dynamics shares are up 1.7%, at $71.01.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2202772, ~/Articles/ArticleHandler.aspx, 9/28/2016 6:23:24 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,339.24 110.94 0.61%
S&P 500 2,171.37 11.44 0.53%
NASD 5,318.55 12.84 0.24%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/28/2016 4:02 PM
GD $156.01 Up +0.73 +0.47%
General Dynamics CAPS Rating: ****