Why Is Bahrain Buying $2.2 Billion in Main Battle Tanks From General Dynamics? [Yahoo! Finance]
General Dynamics Corporation (GD)
Last general dynamics corporation earnings: 4/29 07:00 am
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Source: Yahoo! Finance
And the most important detail from all of that is: Bahrain is an island. So why is Bahrain wanting to buy 50 main battle tanks from General Dynamics (NYSE: GD) Tanks on an island? Why? I admit that's the first question that leapt to mind after learning last week that the U.S. Defense Security Cooperation Agency (the foreign arms sales division of the Pentagon) has notified Congress of a Bahraini request to buy 50 Abrams tanks, along with 28 assorted support vehicles (tank recovery vehicles, breacher vehicles, and bridge-layers). And I have to say that DSCA's announcement is pretty silent on that point -- aside from blandly observing that the tanks "will improve Bahrain's capability to meet current and future threats." What it does say is why the U.S. State Department approves of the arms sale: to "support the foreign policy and national security objectives of the United States by helping to improve the security of a Major Non-NATO Ally." This suggests that, for whatever reason
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News
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- Command and Control (C2) System market is projected to grow at a CAGR of 6.4% by 2034: Visiongain [Yahoo! Finance]Yahoo! Finance
- General Dynamics Co. (NYSE: GD) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Pro-Palestinian protesters at U of M take list of demands to Board of Regents [CBS News]CBS News
- General Dynamics Co. (NYSE: GD) had its price target raised by analysts at Citigroup Inc. from $300.00 to $320.00. They now have a "buy" rating on the stock.MarketBeat
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Earnings
- 4/24/24 - Miss
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Sec Filings
- 4/26/24 - Form 144
- 4/24/24 - Form 10-Q
- 4/24/24 - Form 8-K
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