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MarketScreener Homepage  >  Equities  >  Nyse  >  General Dynamics Corporation    GD

GENERAL DYNAMICS CORPORATION

(GD)
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General Dynamics : Information Technology Awarded $241 Million Multi-Cloud Contract by Centers for Medicare and Medicaid Services

11/25/2020 | 12:57pm EST

GDIT selected to evolve one of the largest public clouds in the federal government.

FALLS CHURCH, Va. - General Dynamics Information Technology (GDIT), a business unit of General Dynamics (NYSE:GD), announced today it has been awarded a new contract by the Department of Health and Human Services Centers for Medicare and Medicaid Services (CMS) to provide cloud services and software tools. The Cloud Products and Tool (CPT) task order holds a total estimated value of $241 million, on a one-year base period with three one-year options.

GDIT will procure cloud services and implement a mature multi-cloud environment designed to deliver critical healthcare services to tens of millions of Americans through applications such as Medicare.gov and Healthcare.gov. CMS operates one of the largest public clouds in the federal government, and the new instances procured under CPT will include Amazon Web Services public cloud and GovCloud, and Microsoft Azure Government.

'We look forward to continuing our 40-year partnership with CMS and providing innovative and cost efficient delivery of cloud services,' said GDIT president, Amy Gilliland.

Through CPT, GDIT will deliver increased value to CMS by accelerating the procurement and implementation of cloud services, professional services, cloud training, tools and software, in addition to simplifying the financial management of cloud assets.

General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; IT services; C4ISR solutions; and shipbuilding and ship repair. General Dynamics employs more than 100,000 people worldwide and generated $39.4 billion in revenue in 2019. More information about General Dynamics Information Technology is available at www.gdit.com. More information about General Dynamics is available at www.gd.com.

Disclaimer

General Dynamics Corporation published this content on 25 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 November 2020 17:56:03 UTC


© Publicnow 2020
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Financials (USD)
Sales 2020 38 223 M - -
Net income 2020 3 183 M - -
Net Debt 2020 10 050 M - -
P/E ratio 2020 13,7x
Yield 2020 2,90%
Capitalization 43 251 M 43 251 M -
EV / Sales 2020 1,39x
EV / Sales 2021 1,35x
Nbr of Employees 102 900
Free-Float 56,4%
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Technical analysis trends GENERAL DYNAMICS CORPORATION
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 164,11 $
Last Close Price 151,06 $
Spread / Highest target 25,8%
Spread / Average Target 8,64%
Spread / Lowest Target -9,31%
EPS Revisions
Managers and Directors
NameTitle
Phebe N. Novakovic Chairman & Chief Executive Officer
Jason Wright Aiken Chief Financial Officer & Senior Vice President
Christopher Marzilli Executive Vice President-Information Technology
Les L. Lyles Independent Director
James Schine Crown Lead Independent Director
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