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GD Gets IT Services Contract - Analyst Blog

By: Zacks.com
Posted: 3/5/2013 4:30:00 PM
Referenced Stocks: BA;EADSY;GD;IT;LMT

General Dynamics Corporation ( GD ) has been awarded a task order to provide information technology (IT) support services to the Department of Defense Dependents Schools-Europe (DoDDS-E). DoDDS-E is the overseas school system serving the educational needs of military and civilian employee dependents by providing pre-kindergarten through grade twelve instruction to more than 30,000 students. The task order was awarded under the Information Technology Enterprise Solutions-2 Services (ITES-2S) contract and has a potential value of $18 million over three years if all options are exercised.

Under this contract, General Dynamics will deliver IT support services to all DoDDS-E locations to meet the technology challenges of the ever-changing educational needs of the dependents of military and civilian employees. The company will provide customer technology support, hardware and software support, desktop and laptop management, server and network support, and handheld device support.

The Department of Defense Education Activity provides quality education for eligible family members of personnel on official assignments. DoDEA is responsible for the education of approximately 84,000 students in schools located in 12 foreign countries, 7 U.S. states, Guam and Puerto Rico.

The ITES-2S contract is a multiple-award, indefinite delivery, indefinite quantity contract awarded to General Dynamics in Apr 2006.

Headquartered 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 operates through four segments: Information Systems & Technology (IS&T), Combat Systems, Marine Systems, and Aerospace.

General Dynamics was the third largest U.S. defense contractor in terms of revenue in 2012, after The Boeing Company ( BA ) and Lockheed Martin Corporation ( LMT ). The company is one of two contractors equipped to build nuclear-powered submarines in the U.S.

General Dynamics Corporation currently has a Zacks Rank #3 (Hold). In the aerospace and defense industry we presently prefer the Zacks Rank #1 (Strong Buy) stock, European Aeronautic Defence and Space Company ( EADSY ).



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