Robert K. Steel, a director at General Dynamics Corp (NYSE:GD), sold 7,440 shares of the company’s common stock on September 23, 2026, for a total value of $2,574,619. The shares were sold at prices ranging from $345.824 to $346.119 per share.
The sale followed Mr. Steel’s acquisition of an equal number of shares through the exercise of stock options on the same day. He acquired 7,440 shares of General Dynamics common stock at a total cost of $1,574,211, with exercise prices ranging from $168.56 to $274.51 per share. The aerospace and defense giant currently trades at $336.72 with a market capitalization of $90.85 billion. According to InvestingPro analysis, the stock appears undervalued relative to its Fair Value, placing it among companies on the most undervalued list.
The exercised options had various vesting schedules, with some becoming exercisable as early as March 2023 and others as late as March 2027. Following these transactions, Mr. Steel directly owns 3,096 shares of General Dynamics common stock. For investors seeking deeper insights, InvestingPro offers a comprehensive Pro Research Report on General Dynamics, one of 1,400+ US equities covered with expert analysis and actionable intelligence.
In other recent news, General Dynamics Corporation has secured multiple significant military contracts. The company received a $49.3 million contract modification from the U.S. Department of War for the procurement of Double V-Hull A1 Stryker vehicles, bringing the total contract value to approximately $278.9 million. Additionally, General Dynamics announced contract modifications from the U.S. Navy totaling $47.6 million, with General Dynamics NASSCO – Norfolk receiving $26.8 million for work on the USS Gerald R. Ford. Furthermore, General Dynamics secured two contracts worth $248.9 million from the U.S. Department of War, including a $149.6 million contract for maintenance and modernization of the USS Pinckney.
The company also obtained a $194.1 million contract modification for the Nuclear-Armed, Sea-Launched Cruise Missile Program, focusing on technical and engineering support. In another development, General Dynamics Information Technology received a $43.9 million contract modification for engineering support of the MK 41 Vertical Launching System. These recent developments highlight the company’s ongoing engagement with the U.S. military and defense sectors.
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