General Dynamics Corporation (NYSE:God) is one of the best defense actions that will be fired. On April 14, General Dynamics Corp (NYSE:GD) secured three US Navy contracts worth $273.45 million. The company’s General Dynamics NASSCO-Norfolk was awarded a $183.23 million fixed-price contract for the maintenance, modernization and repair of USS Truxtun (DDG 103).
rommma/Shutterstock.com
Work on the contract will be performed in Norfolk, Virginia, and is scheduled for completion in April 2028. It also includes the option to increase to $183.58 million. Separately, General Dynamics Electric Boat Corp. in Groton, Connecticut, was awarded a $55.55 million cost-plus-fixed-fee modification to continue support of the New England Maintenance Workforce Initiative for non-nuclear submarine maintenance.
It also was awarded a $34.68 million cost-plus-fixed-fee modification contract to continue support of the New England Maintenance Workforce Initiative for non-nuclear submarine maintenance. The $55.55 million and $34.68 million contracts will receive $20 million in Navy funding for fiscal year 2026 operations and maintenance.
General Dynamics Corporation (NYSE:GD) is a leading global aerospace and defense company that provides products and services to military, government and commercial customers. It operates in four main segments: commercial aviation (Gulfstream), marine systems (submarines), combat systems (armored vehicles) and technologies (mission/IT systems).
While we recognize GD’s potential as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
READ NEXT: The 12 Best Data Center Stocks to Buy Right Now and the top 10 growth stocks in billionaire Philippe Laffont’s portfolio.
Disclosure: None. Follow Insider Monkey on Google News.