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Silver lining for GD? A Morgan Stanley analysis produced last week said General Dynamics should be able to weather possible cuts in defense spending. The Morgan Stanley review came after General Dynamics held an investor conference on Thursday. It concluded the company's management "built a credible case why its defense portfolio can remain resilient." The case centered around execution, cost, control, international and proactive strategy. "This coupled with the high growth Gulfstream makes GD attractively positioned ahead of potential budget cuts," the analysis says.

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