General Dynamics: What's Going On With General Dynamics Stock Today?

General Dynamics Corporation (NYSE:GD) shares are trading higher after the company announced on Wednesday that its business unit, General Dynamics Electric Boat, has been awarded a $1 billion undefinitized contract modification by the U.S. Department of Defense.The funding will be used to purchase long lead-time materials for the Virginia-Class Block VI submarines, a component of the U.S. Navy's submarine fleet.The contract modification aims to ensure the necessary resources for high-rate production of these advanced submarines.Mark Rayha, ...Full story available on Benzinga.com