What Happened
Defense Contractor Sees Share Price Rise Amid New Order
General Dynamics’ stock has gained support from a $194.1 million Navy contract modification for its Mission Systems division, along with a raised 2026 earnings forecast. The contract covers technical and engineering support for the fire control subsystem of the sea-launched nuclear cruise missile program, with work expected to run through September 30, 2028. The company’s shares were quoted at $365.87, with a market cap of $98.12 billion, as reported by Unknown Source.