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General Dynamics Corp (NYSE:GD), a prominent player in the Aerospace & Defense industry with a market capitalization of $73 billion and annual revenue exceeding $46 billion, has announced an update to its executive consultancy arrangements.
According to InvestingPro analysis, the company maintains strong financial health with an EBITDA of $5.4 billion. In a recent filing with the Securities and Exchange Commission, the company reported an amendment to the consulting agreement with its former Executive Vice President of Combat Systems, Mark C. Roualet.
The terms of the consulting agreement, including the monthly payment of $36,500, remain unchanged with the exception of the new end date. This arrangement allows General Dynamics to retain the expertise of Mr. Roualet, who has been with the company in various capacities over the years, providing valuable insights into the combat systems division.
In other recent news, General Dynamics Corp. has been the subject of several analyst revisions following its recent earnings and revenue results. Jefferies downgraded General Dynamics from Buy to Hold, reducing the price target to $300 from $345 due to concerns over earnings and revenue projections and margin pressures in the Aero and Technologies divisions.
Goldman Sachs also downgraded the company's stock from Neutral to Sell, citing various challenges across all business sectors. Meanwhile, Deutsche Bank (ETR:DBKGn) maintained their Hold rating on General Dynamics, adjusting the price target to $303 due to weak Gulfstream deliveries.
Wolfe Research downgraded General Dynamics' stock rating due to margin pressures, leading to a cut in 2025/26 estimates. Jefferies also lowered its price target for General Dynamics to $345, attributing this to underperformance in the Aerospace sector and revised Marine margins.
Bernstein SocGen Group reduced its price target to $331 following the company's third-quarter results, which did not meet consensus estimates. On the other hand, RBC Capital Markets raised its price target to $330, influenced by the company's robust 10% growth in total revenue for the quarter.
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