Gold prices dip as December rate cut bets wane; Fed, econ. data in focus
FALLS CHURCH, Va. - General Dynamics Information Technology (GDIT), a business unit of General Dynamics (NYSE:GD), announced Thursday an expanded collaboration with Google Public Sector to accelerate innovation for U.S. government agencies. General Dynamics, a prominent player in the Aerospace & Defense industry with a market capitalization of $92.7 billion, has seen its stock surge 35% year-to-date according to InvestingPro data.
The partnership will focus on delivering secure artificial intelligence and cloud solutions to defense and intelligence agencies, while also modernizing citizen services for civilian agencies.
GDIT will integrate its Digital Accelerators portfolio with Google Cloud’s AI, cloud, and cybersecurity offerings to help federal agencies enhance decision-making capabilities and security.
The collaboration has two primary focus areas. The first involves developing "mission edge AI" solutions using Google Distributed Cloud, which provides a portable "cloud-in-a-box" that can operate securely at the Secret level in remote environments with unreliable communications. This solution was recently demonstrated at Exercise Mobility Guardian 2025, supporting U.S. Air Force operations in the Indo-Pacific region.
The second focus area aims to modernize citizen engagement services using GDIT’s AI solutions and Google Cloud’s Contact Center AI Platform. According to the press release, a recent implementation for a federal agency resulted in $12 million in savings and a 40% reduction in call volume.
"In this dynamic and complex environment, federal agencies need industry partners to innovate faster than ever before," said Ben Gianni, GDIT’s senior vice president and chief technology officer, in the company’s statement.
Jan Neimeic, Google Public Sector’s managing director of national security, stated the collaboration "pairs our leadership in AI, cloud, and cybersecurity with GDIT’s proven expertise in integrating and delivering complex solutions."
The announcement represents an extension of GDIT’s existing partnership with Google Public Sector and aligns with the company’s technology investment strategy of deepening relationships with commercial technology companies.General Dynamics has demonstrated strong financial performance, with a 29% price increase over the past six months and consistent shareholder returns, having maintained dividend payments for 47 consecutive years. InvestingPro analysis suggests the stock is currently undervalued compared to its Fair Value, with analysts setting price targets up to $415. Investors seeking deeper insights can access the comprehensive Pro Research Report, one of 1,400+ available for top US equities, offering expert analysis on what really matters for smarter investment decisions.
In other recent news, General Dynamics Corp. reported strong third-quarter results, with earnings per share of $3.88, surpassing the consensus estimate of $3.71. The company also posted revenues of $12.9 billion, exceeding the expected $12.52 billion. Following these results, Bernstein SocGen Group raised its price target for General Dynamics to $388, maintaining a Market Perform rating. UBS also increased its price target to $381, citing solid performance in the Marine and Aerospace segments. Vertical Research Partners upgraded General Dynamics to a Buy rating, setting a price target of $400 due to the strong quarterly performance.
Additionally, General Dynamics NASSCO was awarded a $1.7 billion contract to build two more John Lewis-class fleet replenishment oilers for the U.S. Navy. This contract is part of a larger agreement for up to eight additional oilers. In other company news, Innodata Inc. announced leadership changes to support its growth in generative AI solutions. Rahul Singhal was promoted to President and Chief Revenue Officer, expanding his responsibilities to include product strategy and go-to-market execution.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.