General Dynamics team gets $3 million Army order

Recs

0

General Dynamics C4 Systems and a group of other companies have received a $3 million Army order to integrate a signals intelligence system into vehicles designed to protect against mines.

Medium Mine Protected Vehicles equipped with the Prophet Enhanced system will be delivered to the Army in October, General Dynamics said.

The order is part of a six-year contract the Army awarded to a team led by General Dynamics in February. It has an estimated potential value of $866 million if all options are exercised.

General Dynamics C4 Systems, a business unit of General Dynamics Corp., is the prime contractor for the Prophet Enhanced program. Other companies involved are L-3 Communications Inc. and Northrop Grumman Information Technology.

Shares of General Dynamics jumped $1.74, or about 3.3 percent, to $57.26 in afternoon trading.

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

TD AMERITRADE
more info
ShareBuilder
more info
Power E*Trade

more info
Scottrade
more info
Fool Disclosure

DocumentId: 902675, ~/Articles/ArticleHandler.aspx, 11/9/2009 9:08:00 AM

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...

The Must-Read Story on Fool.com
Which Companies Can Buy It Like Buffett?

Related Tickers

11/6/2009 4:01 PM
GD $65.58 Up +0.19 +0.29%
General Dynamics C… CAPS Rating: ****
LLL $76.40 Up +0.34 +0.45%
L-3 Communications… CAPS Rating: ****
NOC $52.37 Up +0.62 +1.20%
Northrop Grumman C… CAPS Rating: ****

Community: Investing Wiki

Term Of The Hour

Net income: Net income is a company's earnings or profit as reported on the income statement. Revenue minus all expenses gives you net income. The famous "bottom line."

Want to learn more or edit this definition?
Click here to read more!