General Dynamics Wins $224 Million Rocket 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 Wednesday, General Dynamics (NYSE: GD  ) announced that its Armament and Technical Products unit has won a pair of contracts from the U.S. Army for the supply and support of Hydra-70 air-to-ground rockets.

Specifically, GD won two such contracts -- a $210.4 million supply agreement, and a $13.5 million contract to perform engineering services "in support" of the program. Work on both contracts is to be completed by early 2015.

The Hydra is a 70 mm unguided rocket, although the military does have programs under way to develop a new, precision-guided version. Within the Army, it is generally fired from Apache and Kiowa Warrior attack helicopters, although a recent demonstration by Lockheed Martin (NYSE: LMT  ) -- working, incidentally, on the program to develop guided versions of the Hydra -- demonstrated that the rocket can also be fired from a ground vehicle, specifically Lockheed's prototype Joint Light Tactical Vehicle.

Read/Post Comments (0) | Recommend This Article (1)

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: 2283792, ~/Articles/ArticleHandler.aspx, 8/26/2016 7:56:49 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 18,395.40 -53.01 -0.29%
S&P 500 2,169.04 -3.43 -0.16%
NASD 5,218.92 6.71 0.13%

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

8/26/2016 4:02 PM
GD $151.58 Down -1.10 -0.72%
General Dynamics CAPS Rating: ****
LMT $244.44 Down -4.09 -1.65%
Lockheed Martin CAPS Rating: ****