General Dynamics Corporation (GD) Lands $219M US Army Contract: Is It A Buy?

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Is General Dynamics Corporation (NYSE:GD) a buy especially as the company has just revealed that it landed a $219 million U.S. Army order? According to the aerospace and defense company, the U.S. Army has tasked them to construct additional Warfighter Information Network – Tactical (WIN-T) Increment 2 systems. The said amount is for the production of over 300 vehicle-based communication nodes. The WIN-T is an integral part of the secure on-the-go, mission command and situational awareness communications system of the U.S. Army being described by General Dynamics as a backbone of the whole communications system.

Meanwhile, General Dynamics Corporation (NYSE:GD) has been given an “A” credit rating and a three-star stock rating by Morningstar on Tuesday. The credit rating means General Dynamics is at low risk of defaulting. Shares of the defense company have climbed 4.23% year-to-date. In the last 52 weeks, the stock advanced by 14.72%. General Dynamics Corporation (NYSE:GD) has also seen an increase in enthusiasm from smart money of late.

General Dynamics Corporation (GD), NYSE:GD,

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