General Dynamics Gets Historic Sub Contract; Here's Why Investors Were Not Impressed
General Dynamics (NYSE: GD) has landed the largest shipbuilding contract in history, a $22 billion deal for nine new nuclear submarines.
The award, while not unexpected, is welcome news for General Dynamics shareholders who have been waiting since April for a deal to be announced. But the contract, despite its massive size, isn't all that General Dynamics shareholders had hoped for. And it points to some potential vulnerability at one of General Dynamics' most important businesses.
Here's a deep dive into the massive Navy contract, and what it means for General Dynamics investors.
Source Fool.com
