General Dynamics, Others Get Contracts But Cuts Loom
General Dynamics (GD) said Friday it was awarded three Navy contracts totaling $4.6 billion. A day earlier, President Obama signed a $633 billion defense bill, giving contractors a temporary reprieve from planned spending cuts. Shares of the maker of computer networks, aircraft, submarines and defense systems fell slightly though as significant cuts to defense spending still loom despite the so-called fiscal cliff deal reached Wednesday. General
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