General Dynamics Corporation is an American aerospace industry leader and defense contractor – based in West Falls Church, Virginia.
The company focuses on providing products related to business aviation, weapon systems, marine systems, and weapons systems.
General Dynamics was formed in 1952 following a number of mergers (including Electric Boat Company, Consolidated Vultee).
The company expanded greatly (through acquisitions) and in the 1990s General Dynamics brought in vehicle-related businesses and Gulfstream Aerospace Corporation.
It now has 95,000 employees and generates more than $30 billion USD in revenue per annum.
General Dynamics Corporation’s operations are organized into four main business segments: Aerospace, Combat Systems, Information Systems and Technology and Marine System. In addition, each business segment is comprised of several business units.
General Dynamics Corporation – Operations and Products
Aerospace: comprises of Gulfstream Aerospace and Jet Aviation. This business division is involved in the development, manufacturing, and marketing of one of the world’s most technologically advanced business-mid-cabin to ultra-large-cabin business-jets. In addition to providing maintenance, outfitting and completions, fixed base operations, aircraft sales and personnel services from 26 airport facilities across the world.
Combat systems: produces enhancing tracked and wheeled military vehicles, weapons systems and munitions for the U.S. army and its allies. Including the Abrams main battle tank and its family of Stryker, LAV and MRAP wheeled combat vehicles.
Information systems and technology: this segment provides solutions for networked communications, cyber security, and information-sharing and enterprise technology needs. In addition to C4 Systems which provides command and control, communications, networking, space systems.
Marine systems: the marine systems group of the company produces a diverse portfolio of ships. Including the company’s Arleigh Burke (DDG 51) class of AEGIS destroyers and the multi-mission DDG-1000 Zumwalt-class destroyer and ballistic missile and attack submarines.
General Dynamics Corporation – Company Overview
- Chairman and CEO: Phebe Novakovic
- Company head office: West Falls Church, Virginia, USA
- Employees: 92,200 (2012)
- Type: Public
- Traded as: NYSE: GD
- S&P 500 Component
- Founder: John Philip Holland
- Founded: February 7, 1899
General Dynamics Corporation – Financial Results
| Key figures (in millions of USD except for share data) | 2013 | 2012 |
| Total revenues | $31,218 | $31,513 |
| Operating earnings | $3,685 | $833 |
| Net earnings (loss) | $2,357 | ($322) |
| Total assets | $35,448 | $34,309 |
| Cash and equivalents at end of period | $5,301 | $3,296 |
| Earnings (loss) per share – basic | $6.72 | ($0.94) |
| Earnings (loss) per share – diluted | $6.67 | ($0.94) |
Source: “General Dynamics Reports Fourth-quarter, Full-year 2013 Financial Results”
Phebe N. Novakovic, chairman and chief executive officer of General Dynamic Corporation, commented on the company’s financial results:
“General Dynamics performed well in 2013, reflecting our continued focus on operations, cost management, cash generation and our commitment to meeting our customers’ requirements. As promised, we managed our company prudently, adjusting our business to reflect the realities of the current defense spending environment and retiring risk throughout the organization.”
General Dynamics Corporation – Live Stock Market Data
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