General Dynamics Corporation 's ( GD ) business wing
General Dynamics Advanced Information Systems has received a
contract worth $19.3 million from the U.S. Navy for the production
of Type-3 advanced mission computers ("AMC"). These mission
computers will be employed in the F/A-18E/F and E/A-18G Super
Advanced mission computers are the vital components of the Super
Hornet. With high-reliability mission and display-processing
system, these AMCs can process high-speed data flows from the
latest sensor technologies. The system is used for input/output,
video, voice and graphics processing and can perform tasks in
extreme environmental conditions.
General Dynamics has been delivering F/A-18 AMCs since 2002. Last
year the company delivered the 1500th AMC to the U.S. Navy. The
contract will be performed at the General Dynamics facility in
Bloomington, Minnesota. The company expects the task to be
completed by the end of 2014.
General Dynamics Advanced Information Systems, a unit of
Information Systems and Technology, provides intelligence,
surveillance and reconnaissance solutions across all domains. The
segment is progressing well with a number of contracts.
Recently, it received a contract from the Department of Homeland
Security to support the National Cybersecurity Protection System.
Segment backlog at the end of fourth quarter 2012 was $9.8 billion
versus $9.6 billion at the end of the fourth quarter of 2011.
Based in Falls Church, Virginia, General Dynamics engages in
mission-critical information systems and technologies; land and
expeditionary combat vehicles, armaments and munitions;
shipbuilding and marine systems; and business aviation.
The company uses commercial off-the-shelf products and an open
architecture that enhances capability and keeps lifecycle costs
down. This feature has allowed the Navy to increase flexibility and
strengthen performance capabilities.
Moreover, General Dynamics' diversified revenue exposure that is
spread over a broad portfolio of products and services helps in
keeping the overall growth momentum steady. Going forward, we
expect sizeable contracts, acquisitions and the company's focus on
improving margins and earnings to help the company's future
However, uncertainty related to the defense budgets and U.S debt
situation remain an overhang for the company. The company presently
retains a short-term Zacks Rank #3 (Hold).ALLIANT TECHSYS (ATK): Free Stock Analysis
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