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General Dynamics is an American company, one of the world's largest manufacturers of military and aerospace equipment. More than two-thirds of revenue from sales of products and services provided is made up of the federal customer service sector of military orders.
History
2023: Criticism in Britain for delays in developing Morpheus force control system
In August 2023, House of Commons deputy Britain Mark Francois announced that the projected combat control system (SBU) of the Morpheus tactical link could become another fiasco of the national military-industrial complex. The new development should ensure effective interaction between the species and genera of the armed forces, as well as timely collection of data on the situation during operations.
General Dynamics back in 2016 ,# contents signed a contract with the military to upgrade the outdated SBU Bowman for about 3.2 billion pounds. The process has not moved much since then, with the British army spending around £690m but only seeing a bundle of reports and presentations at Power Point.
Morpheus was due to enter service in 2025, but MPs and military analysts warn the system is unlikely to be operational until 2030. The blame for the failure was once again blamed on an ineffective system of public procurement.
2022: Presentation of the world's first unmanned tank
In early October 2022, General Dynamics unveiled the world's first unmanned tank, the AbramsX, to replace the M1 series tanks. At the same time, AbramsX is called the transition between the M1A2 tanks of versions SEPv3 and SEPv4 and a promising completely new machine. The U.S. Army plans to purchase 504 vehicles projected to be in service for at least 30 years, with the bulk of the procurement due to be completed by 2035. Read more here.
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Stock price dynamics
Ticker company on the exchange: | NYSE:GD |
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