General Dynamics (NYSE:GD) has reportedly signed an MOU with Braemar Technical Services to provide its LNG Containment System.

General Dynamics Signs LNG Containment MOU

General Dynamics NASSCO, a subsidiary of West Falls Church based defense conglomerate and fifth largest defense contractor in the world, General Dynamics (NYSE:GD), has reportedly reached an agreement with Braemar Technical Services, and they have reportedly agreed to market General Dynamics (NYSE:GD) NASSCO’s LNG Containment System through their marketing channels.

General Dynamics (NYSE:GD) NASSCO’s Vice President of Programs, Kevin Graney, said, “Our technology is designed to address several operational and shipbuilding constraints of existing LNG tank technologies while further enabling the use of LNG as a clean, sustainable energy source.”

General Dynamics (NYSE:GD) shares were at 70.16 at the end of the last day’s trading. There’s been a 7.4% change in the stock price over the past 3 months.

General Dynamics (NYSE:GD) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.58
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.65
Zack’s Rank: 3 out of 8 in the industry