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October 4, 2010
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General Dynamics’ Armament and Technical Products, located in Charlotte, North Carolina, provide a broad range of system solutions for military and commercial applications. The company designs, develops and produces high-performance weapon and armament systems, defensive armor, countermeasure systems and aerospace composite solutions, as well as off-road axle and suspension systems. It is also a leading U.S. producer of biological and chemical detection systems.
General Dynamics, headquartered in Falls Church, Virginia is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. The company operates through four business segments − Information Systems & Technology, Combat Systems, Marine Systems, and Aerospace. The major competitors of the company are Northrop Grumman Corporation (NOC), Lockheed Martin Corporation (LMT), Raytheon Company (RTN) and Force Protection Inc. (FRPT).
General Dynamics’ funded backlog at the end of the first half of 2010 was $45.9 billion, a 3% decline from the first quarter of 2010 and a 4% decrease from the year-ago period. The company is slated to release its third quarterly numbers on October 27, 2010. The current Zacks Consensus EPS Estimate stands at $1.64.
General Dynamics is a well-run company that is likely to meet the expectations driven by strong revenue growth, margin expansion and cash flow generation. Strong defense outlays should further improve the company’s outlook for shareholders while a rising funded backlog and an improving balance sheet are the additional positive factors.
We currently have a market Neutral recommendation on the Zacks #3 Rank stock.
Read the full analyst report on "GD"
Read the full analyst report on "NOC"
Read the full analyst report on "LMT"
Read the full analyst report on "RTN"
Read the full analyst report on "FRPT"
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