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General Dynamics Corporation (NYSE:GD) is one of the best defense stocks that will skyrocket. On April 14, General Dynamics Corp (NYSE:GD) secured three US Navy contracts worth $273.45 million. The company’s General Dynamics NASSCO-Norfolk secured a $183.23 million firm-fixed-price contract for the maintenance, modernization, and repair of USS Truxtun (DDG 103).

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Work on the contract is to be performed in Norfolk, Virginia, and is scheduled for completion by April 2028. It also includes the option to increase to $183.58 million. On the other hand, General Dynamics Electric Boat Corp. in Groton, Connecticut, secured a $55.55 million cost-plus-fixed-fee modification to continue New England Maintenance Manpower Initiative support for non-nuclear maintenance of submarines.

It also secured a $34.68 million cost-plus-fixed-fee modification contract to continue New England Maintenance Manpower Initiative support for non-nuclear maintenance of submarines. The $55.55 million and $34.68 million contracts are to receive $20 million in fiscal 2026 operations and maintenance Navy funds.

General Dynamics Corporation (NYSE:GD) is a major global aerospace and defense company that provides products and services to military, government, and commercial customers. It operates in four main segments: business aviation (Gulfstream), marine systems (submarines), combat systems (armored vehicles), and technologies (IT/mission systems).

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