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Jefferies Calls General Dynamics Corporation's (GD) 2026 Outlook Conservative
Jefferies has characterized General Dynamics Corporation’s (GD) 2026 outlook as conservative after increasing its price target to $385 from $360 and maintaining a Hold rating. This comes after a significant $255.13 million contract award for the Strategic Weapon System Fire Control Subsystem for fiscal 2026–2027, with options for an additional $485.31 million. The contract supports both U.S. and UK SSBN and SSGN fleets and is scheduled for completion by June 1, 2033.