aerospace & defense industry st john s university graduate student managed investment fund kevin chou reed dailey earnest flowers nicole miao claudia sersanti patrick trucchio 1 table of contents company background 2 reason for purchase 3 current conditions and developments since 6 drivers 7 risks 8 capital asset pricing model 9 relative stock valuation 10 technical analysis 16 assessment recommendations 19 references 21 appendix a income statement 22 balance sheet 23 cash flow 25 b us government spending c competitive matrix 26 december 13 th 2006 ticker gd recomendation sel price 73 79 dems return to power may end rummy rally capm general dynamics corporation nyse formed in 1952 through the combination electric boat consolidated vultee convair is headquartered