This year has been a good one for the defense industry and General Dynamics is no exception. The market cap of the Phebe Novakovic-led company is up nearly 16% since this time last year, due in part to the Trump administration’s promise to increase weapons spending. The company, which specializes in building tanks and nuclear submarines, is thriving on strong demand from the U.S. armed forces: The Navy has upped its orders of military vessels, and the Air Force just awarded GD a much sought-after $9 million cloud hosting contract.
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News about General Dynamics
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