 | |
 The headquarters of General Dynamics in February 2021 | |
| Company type | Public |
|---|---|
| Industry | |
| Founded | 1893; 132 years ago (1893) as theHolland Torpedo Boat Company |
| Founder | John Philip Holland |
| Headquarters | , United States |
Area served | Worldwide |
Key people | Phebe Novakovic (chairman andCEO) |
| Products | |
| Services | |
| Revenue |  US$47.7 billion (2024) |
| US$4.79 billion (2024) | |
| US$3.78 billion (2024) | |
| Total assets | US$55.9 billion (2024) |
| Total equity | US$22.1 billion (2024) |
Number of employees | 117,000 (2024) |
| Divisions |
|
| Subsidiaries |
|
| Website | gd.com |
| Footnotes / references [1] | |
General Dynamics Corporation (GD), headquartered inReston, Virginia, is an American industrial and technology company. It is primarily a developer and producer of advanced military equipment of a wide variety, such asnuclear submarines,main battle tanks, andarmoured fighting vehicles. It is also the manufacturer of the civilian aviationGulfstream business jets and a provider of information technology services. The company is the 3rd largest of thetop 100 contractors of the U.S. federal government; it receives over 3% of total spending by thefederal government of the United States on contractors.[2]
The company is ranked 96th on theFortune 100[3] and 242nd on theForbes Global 2000.[4] In 2024, 69% of revenue was from the federal government of the United States, 14% was from U.S. commercial customers, 10% was from non-U.S. government customers and 7% was from non-U.S. commercial customers.[1]
The company was formed in 1952 via the merger of submarine manufacturerElectric Boat and aircraft manufacturerCanadair.[5]
Isaac Leopold Rice bought theHolland Torpedo Boat Company fromJohn Philip Holland in 1899.[6][7] Holland continued to work at the company as chief engineer and the company was renamedElectric Boat Company.[8] Electric Boat was responsible for designing and building theUSS Holland, purchased by theUnited States Navy in 1900 for $150,000 (roughly $5.75M in 2025).[9]
Electric Boat also sold modifiedHolland-class andPlunger-class submarines to theBritish Royal Navy through the English armaments companyVickers as well as toJapan andRussia.[10] In 1906, Electric Boat won contracts to designC-class submarines but subcontracted the construction to theFore River Shipyard inQuincy, Massachusetts.[11]
When Holland passed away in 1914,[12]Lawrence Spear (who replaced him as chief engineer) redesigned the Holland submarine. The redesign replaced the submarine's observation dome with aconning tower, a periscope, and first-of-its-kind torpedo tubes.[8][13][14]
In 1911, Electric Boat acquired theNew London Ship and Engine Company in Groton, Connecticut, to build parts for submarines, diesel engines, and commercial ships.[15] Isaac Rice died in 1915 and was replaced by his associate Henry Carse. Carse expanded the company with the purchase of several companies, including Electro Dynamics, Elco Motor Yacht, and New London Ship & Engine of Groton, Connecticut. Following the acquisitions, the company was renamed Submarine Boat Corporation. DuringWorld War I, the company received orders from the U.S. Navy to build 85 submarines, 722 submarine chasers, and 118 surface ships.[16]
In 1924, thePeruvian government ordered two submarines built at the New London Ship & Engine shipyard in Groton, Connecticut.[17] In 1925, Carse reorganized the company, emphasized production of surface ships, and brought back the Electric Boat Company. In 1933, Electric Boat expanded its presence in Groton, Connecticut, by acquiring a second shipyard to build submarines. TheUSS Cuttlefish was the first submarine built at the Groton Shipyard.[18] In the early 1930s, the U.S. government placed orders for submarines and PT (patrol/torpedo) boats from Electric Boat facilities at Groton and the Elco plant in New Jersey, respectively. Lawrence Spear retired in 1937, replaced byJohn Jay Hopkins. Hopkins led the company's strong re-emergence as a shipbuilder inWorld War II.[19]
During World War II, Electric Boat and its Elco Yacht and Electro Dynamic subsidiaries mobilized full-capacity production. The sudden production expansion led to a labor shortage, and women filled the open jobs as welders and riveters. During World War II, Electric Boat produced 74 submarines and 398 PT boats.[20] When the war ended in 1945, the Navy reduced its orders for new vessels, and the company reduced its workforce from 13,000 to 4,000.[8]
Electric Boat diversified at the end of WWII, so John Jay Hopkins acquired the Canadian government-ownedCanadair[21] for $10 million in 1946. The factory alone was worth more than $22 million, according to the Canadian government's calculations, excluding the value of the remaining contracts for planes or spare parts. However, Canadair's production line and inventory systems were in disorder when Electric Boat purchased the company.[22] Hopkins hired Canadian-born mass-production specialist H. Oliver West to take over the president's role and return Canadair to profitability. Shortly after the takeover, Canadair began delivering its newCanadair North Star (a version of theDouglas DC-4) and was able to deliver aircraft toTrans-Canada Airlines,Canadian Pacific Airlines, andBritish Overseas, and Airways Corporation (BOAC) well in advance of their contracted delivery times.[23][12]
Defense spending increased with the onset of the Cold War, and Canadair went on to win many Canadian military contracts for theRoyal Canadian Air Force and became a major aerospace company. These includedCanadair CT-133 Silver Star trainer, theCanadair Argus long-range maritime reconnaissance and transport aircraft, and the CanadairF-86 Sabre. Between 1950 and 1958, 1,815 Sabres were built.[24] Canadair also produced 200CF-104 Starfighter supersonic fighter aircraft, a license-built version of theLockheed F-104.[25]
In 1951, the company was awarded the contract to build the world's first nuclear-powered submarine, theUSS Nautilus (SSN571).[26] The submarine was launched in 1954.[27]
Aircraft production became increasingly important at Canadair, and Hopkins argued that the name "Electric Boat" was no longer appropriate. In 1952, Hopkins established the General Dynamics Corporation as a parent company holding Electric Boat and Canadair.[28]
In 1953, General Dynamics (GD) purchased Convair from the Atlas Group.[29] The sale was approved by government oversight with the provision that GD would continue to operate out of Air Force Plant 4 in Fort Worth, Texas. This factory had been set up in order to spread out strategic aircraft production, and it was rented to Convair during the war to produce B-24 Liberator bombers. Convair worked as an independent division inside General Dynamics and, over the next decade, developed the F-106 Delta Dart interceptor, the B-58 Hustler bomber, and the Convair 880 and 990 airliners.[30] Convair also developed the Atlas missile, the U.S.'s first operational intercontinental ballistic missile.[31] Convair led the development of the American nuclear aircraft program, which the Pentagon enthusiastically supported. CEO Hopkins was a strong advocate of nuclear power and its numerous applications, but the nuclear airplane, or 'N-bomber,' was later found to be impractical, and the project was abandoned.[32]
In the late 1950s, General Dynamics hiredErik Nitsche as a graphic designer to develop corporate reports and advertising material designs, including the "Atoms for Peace" series of posters for the 1955 International Conference on Peaceful Uses of Atomic Energy in Geneva, Switzerland.[33][34][35] These designs have become iconic examples of the mid-century modernist graphic design style.[36]
In 1957, Hopkins fell seriously ill and was replaced byFrank Pace later that year.[37] John Naish succeededJoseph McNarney as president of Convair.[38] In the same year, General Dynamics purchased Liquid Carbonic Corporation in September 1957 and controlled it as a wholly owned subsidiary.[39][40]
In 1959, the U.S. Navy commissioned Electric Boat to design and build the first fleet ballistic-missile submarine,USS George Washington (SSBN598).[41] The George Washington-class ballistic missile submarines were derived from theSkipjack-class submarine design, with a 130-foot missile compartment inserted between the control and reactor sections.[42] The USS George Washington (SSBN-598) was initially laid down as the Skipjack-classUSS Scorpion (SSN-589), but was repurposed during construction to accommodate the Polaris missile system. Materials from other planned attack submarines, including USS Sculpin (SSN-590), were also reallocated to the program.[42][43]
The same year, Chicago industrialistHenry Crown became the company's largest shareholder and merged his Material Service Corporation with General Dynamics in 1959.[44] General Dynamics subsequently reorganized into Eastern Group in New York City and Western Group in San Diego, California, with the latter taking over all of the aerospace activities and dropping the Convair brand name from its aircraft in the process. The board decided to build all future planes inFort Worth, Texas, ending plane production at Convair's original plant in San Diego, California, but continuing with space and missile development there.[45]
In 1961, Secretary of Defense Robert McNamara initiated the Tactical Fighter Experimental (TFX) program to develop a single aircraft design for the Air Force, Navy, and Marine Corps.[46] General Dynamics and Boeing were selected to submit updated designs. McNamara selected General Dynamics' proposal due to the greater commonality between its versions. The Boeing aircraft shared less than half of the major structural components. TheF-111's design pioneered variable-sweep wings, after-burning turbofan engines, and automated terrain-following radar for low-level, high-speed flight.[47] General Dynamics continued to develop its version of the F-111 at the former Convair facility in Fort Worth, Texas. The company built 563 F-111s.[48]
In 1962,Roger Lewis was appointed Chairman and CEO of General Dynamics.[49] In 1963, General Dynamics purchased the Quincy Shipbuilding Works fromBethlehem Steel.[50] In 1965, General Dynamics reorganized into 12 operating divisions based on product lines.[51] In 1967, Electric Boat launched theUSS Sturgeon (SSN637), the lead ship in theSturgeon class of attack submarines.[52] In 1970, the board replaced Roger Lewis with former McDonnell Douglas presidentDavid S. Lewis as Chief Executive Officer. David S. Lewis relocated the company headquarters to St. Louis, Missouri, in 1971.[53] Later that year, Electric Boat and Newport News Shipbuilding were awarded contracts to co-manufacture the Los Angeles-class submarines.[54] In 1972, Electric Boat received contracts for the design and development of theOhio-class ballistic missile submarine. Electric Boat also developed a new modular process to build the 560-foot submarines;[55] the process remains the industry standard.[56] Construction of the flagshipLos Angeles-class attack submarine began the same year.[57] In 1973, General Dynamics established the Quonset Point Facility inNorth Kingstown, Rhode Island, to provide off-site manufacturing support for the Groton facility. Production began the following year.[58]
The U.S. Air Force initiated the Lightweight Fighter (LWF) program to develop a new fighter aircraft that met the requirements of Major John Boyd's "energy-maneuverability" theory. General Dynamics organized its own version of Lockheed'sSkunk Works, the Advanced Concepts Laboratory, and responded with a new aircraft design incorporating advanced technologies.[59] General Dynamics submitted a design in 1972 for a new lightweight fighter, theYF-16. TheYF-16 first flew in January 1974 and proved slightly better performance than the Northrop GrummanYF-17 in head-to-head testing. General Dynamics YF-16 was selected as the first Lightweight Fighter for the U.S. Air Force. It entered production as theF-16 Fighting Falcon in January 1975 with an initial order of 650 and 1,388.[60] The F-16 also won contracts worldwide, beating the F-17 in foreign competition. General Dynamics built an aircraft production factory in Fort Worth, Texas to fulfill the contracts, and F-16 orders eventually totaled more than 4,600, making it the company's largest aircraft program.[61]
In 1975, General Dynamics Electric Boat broke ground on a land-level submarine construction facility in Groton, Connecticut.[62]
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In 1976, General Dynamics sold the struggling Canadair back to the Canadian government for $38 million. By 1984, General Dynamics had four divisions: Convair in San Diego, General Dynamics-Fort Worth, General Dynamics-Pomona, and General Dynamics-Electronics. In 1985 a further reorganization created the Space Systems Division from the Convair Space division. In 1985, GD also acquiredCessna. In 1986 the Pomona division (which mainly produced the Standard Missile and thePhalanx CIWS for the Navy) was split up, creating the Valley Systems Division. Valley Systems produced theStinger surface-to-air missile and theRolling Airframe Missile (RAM). Both units were recombined into one entity in 1992. In 1986, theGeneral Dynamics Quincy Shipbuilding Division was closed.
Henry Crown, still GD's largest shareholder, died on 15 August 1990. Following this, the company started to rapidly divest its under-performing divisions under CEOWilliam Anders. Cessna was re-sold toTextron in January 1992, the San Diego and Pomona missile production units toGeneral Motors-Hughes Aerospace in May 1992, the Fort Worth aircraft production toLockheed in March 1993 (a nearby electronics production facility was separately sold to Israeli-basedElbit Systems, marking that company's entry into the US market), and its Space Systems Division toMartin Marietta in 1994. The remaining Convair Aircraft Structure unit was sold to McDonnell Douglas in 1994. The remains of the Convair Division were simply closed in 1996. GD's exit from the aviation world was short-lived, and in 1999 the company acquiredGulfstream Aerospace. The Pomona operation was closed shortly after its sale to Hughes Aircraft.
In 1995, General Dynamics purchased the privately heldBath Iron Works shipyard inBath, Maine, for $300 million, diversifying its shipbuilding portfolio to include U.S. Navy surface ships such asguided-missile destroyers.[63] In 1998, the company acquired NASSCO, formerlyNational Steel and Shipbuilding Company, for $415 million. The San Diego shipyard produces U.S. Navy auxiliary and support ships as well as commercial ships that are eligible to be U.S.-flagged under theJones Act.[64]
Having divested itself of its aviation holdings, GD concentrated on land and sea products. GD purchasedChrysler's defense divisions in 1982, renaming them General Dynamics Land Systems. In 2003, it purchased the defense divisions ofGeneral Motors as well. It is now a major supplier of armored vehicles of all types, including theM1 Abrams,LAV 25,Stryker, and a wide variety of vehicles based on these chassis.Force Protection, Inc. was acquired by General Dynamics Land Systems in November 2011 for $350 million.
In 1997, General Dynamics acquired Computing Devices Ltd based inHastings,England, which had developed avionics and mission systems for thePanavia Tornado,British Aerospace Harrier II andHawker Siddeley Nimrod.[65][66] In 2001, Computing Devices Canada (CDC) was awarded a contract from the UKMinistry of Defence to supply tactical communication systems for theirBowman program. The work for this was carried out at its new UK headquarters inOakdale,Wales, and the company was renamed General Dynamics UK Limited.[67] As of 2020[update], it comprises two business units:General Dynamics Land Systems – UK andGeneral Dynamics Mission Systems – UK and operates in eight sites across the United Kingdom.[68] It is currently responsible for delivering theGeneral Dynamics Ajax family of armored vehicles, theFoxhound light protected patrol vehicle and theMorpheus communications system to the UK Ministry of Defence.
In 2004, General Dynamics bid for the UK companyAlvis plc, the leading British manufacturer of armored vehicles. In March the board of Alvis Vickers voted in favor of the £309m takeover. However at the last minuteBAE Systems offered £355m for the company. This deal was finalized in June 2004.[69]
On August 19, 2008, GD agreed to pay $4 million to settle a lawsuit brought by the US Government claiming that a GD unit fraudulently billed the government for defectively manufactured parts used in US military aircraft and submarines. The US alleged that GD defectively manufactured or failed to test parts used in US military aircraft from September 2001 to August 2003, such as for theC-141 Starlifter transport plane. The GD unit involved, based inGlen Cove, New York, closed in 2004.[70]
In 2014, the government of Canada announced it had selected the General Dynamics Land Systems subsidiary inLondon, Ontario, to produceLight Armoured Vehicles forSaudi Arabia as part of a $10 billion deal with theCanadian Commercial Corporation.[71] The sale has been criticized by political opponents because of theSaudi Arabian-led intervention in Yemen.[72][73] In December 2018, after Prime MinisterJustin Trudeau suggested Canada might scrap the deal, the company warned that doing so could lead to "billions of dollars in liability" and risk the loss of thousands of jobs.[74][75] Trudeau has since said that while he is critical of Saudi conduct, he cannot simply scrap the deal because "Canada as a country of the rule of law needs to respect its contracts."[76] On 30 January 2019, CEOPhebe Novakovic warned investors that the matter had "significantly impacted" the company's cash flow because Saudi Arabia was nearly $2 billion in arrears on its payments.[77]
In 2018, General Dynamics acquired information technology services giantCSRA for $9.7 billion, and merged it with GDIT.[78]
General Dynamics has been accused by groups such asCode Pink andGreen America of "making money from human suffering by profiting off the migrant children held at U.S. detention camps"[79] due to its IT services contracts with theDepartment of Health and Human Services'Office of Refugee Resettlement, the government agency that operates shelters for unaccompanied children to include those separated from their families as part of theTrump administration family separation policy.[80][81] The company says it has no role in constructing or operating detention centers, and that its contracts to provide training and technical services began in 2000 and have spanned across four presidential administrations.[82]
It was announced in September 2018 that the U.S. Navy awarded contracts for 10 new Arleigh Burke-class destroyers from General Dynamics Bath Iron Works and Huntington Ingalls Industries.[83]
FormerU.S. Secretary of Defense GeneralJim Mattis re-joined the company'sboard of directors in August 2019. He had previously served on the board, but resigned and divested before becoming Secretary of Defense.[84]
In September 2020, General Dynamics announced a strategic counter-drone partnership, providing General Dynamics' global network with access toDedrone's complete drone detection and defeat technology.[85]
In December 2020, the board of directors for General Dynamics announced a regular quarterly dividend of $1.10, payable on February 5, 2021.[86][87]
On December 26, 2020, General Dynamics confirmed that their business division General Dynamics Land Systems was awarded a $4.6 billion contract by the U.S. Army for M1A2 SEPv3 Abrams main battle tanks.[88]
According to a report byReuters, General Dynamics was the primary contractor for a United States military-runpropaganda campaign to spread disinformation about theSinovac ChineseCOVID-19 vaccine, including using fake social media accounts to spread the disinformation that the Sinovac vaccine contained pork-derived ingredients and was thereforeharam underIslamic law.[89] The campaign primarily targeted people in thePhilippines and used a social mediahashtag for "China is the virus" inTagalog.[89] The campaign ran from the spring of 2020 to mid-2021.[89] In 2024, General Dynamics IT was awarded a $493 million contract by The Pentagon.[89] According to an unnamed source cited by Reuters, a military audit of General Dynamics's work on the project concluded that the company had engaged in sloppytradecraft and took inadequate precautions to conceal the origins of the fake accounts created for the campaign.[89]
General Dynamics'supply of weapons to Israel in theGaza war has led to protests at facilities inPittsfield, Massachusetts;Lincoln, Nebraska;Saco, Maine;New London, Connecticut;Red Lion, Pennsylvania;andGarland, Texas.[90][91][92][93][94]
The company'sGulfstream Aerospace division (23% of 2024 revenues) producesbusiness jets including theGulfstream G650/G700/G800 series and offersbusiness aircraft services underJet Aviation.[95][1] The company's marine systems division (30% of 2024 revenues) designs and buildsnuclear submarines and includesBath Iron Works,General Dynamics Electric Boat, andNational Steel and Shipbuilding Company.[1] The company's combat systems division (19% of 2024 revenues) includesGeneral Dynamics Land Systems,[96]General Dynamics European Land Systems (GDELS),Steyr-Daimler-Puch,[97] andSanta Bárbara Sistemas,[98] and producesPhalanx CIWS,[99]Expeditionary tanks, theM1 Abrams seriesmain battle tank,[96]Expeditionary Fighting Vehicles,[100]M104 Wolverine,[101]LAV III,[102]Strykerarmoured fighting vehicles,[103]XM2001 Crusader self-propelled howitzer,[104]GAU-17 (Minigun),[105]GAU-19,[106]ASCOD AFV,[98]Pandur II,[97]Mowag (includingMowag Duro,Mowag Eagle, andMowag Piranha),[107]Leopard 2E,[108] andScout SV.[109][1] The company's technologies division (28% of 2024 revenues) includesGeneral Dynamics Mission Systems and provides services such as consulting, mission-support, mobile communication, computers, command-and-control and cyber (C5) mission systems, and intelligence, surveillance and reconnaissance.[1] It is modernizing the information technology systems of theUnited States Central Command[110] and for theCenters for Medicare and Medicaid Services.[1][111]
| Year | Acquisition | Business group |
|---|---|---|
| 1947 | Canadair[112] | Aerospace |
| 1953 | Convair[113] | Aerospace |
| 1955 | Stromberg-Carlson[114] | Combat Systems |
| 1957 | Liquid Carbonic Corporation[115] | Aerospace |
| 1959 | Material Service Corporation[116] | |
| 1982 | Chrysler's combat systems[117] | Combat Systems |
| 1995 | Bath Iron Works[118] | Marine Systems |
| 1996 | Teledyne Vehicle Systems[119] | Marine Systems |
| 1997 | Advanced Technology Systems[120] | Combat Systems |
| 1997 | Lockheed Martin Defense Systems[121] | Combat Systems |
| 1997 | Lockheed Martin Armament Systems[121] | Combat Systems |
| 1997 | Computing Devices International[122] | Technologies |
| 1998 | National Steel and Shipbuilding Company[123] | Marine Systems |
| 1999 | Gulfstream Aerospace[124] | Aerospace |
| 1999 | GTE Government Systems[125] | Technologies |
| 2000 | Saco Defense[126][127] | Combat Systems |
| Year | Acquisition | Business group |
|---|---|---|
| 2001 | PrimeX Technologies Inc.[128] | Technologies |
| 2001 | Motorola Integrated Systems[129] | Technologies |
| 2001 | Galaxy Aerospace Company[130] | Aerospace |
| 2001 | Santa Bárbara Sistemas[131] | Combat Systems |
| 2002 | EWK Eisenwerke Kaiserslautern[132] | Combat Systems |
| 2003 | GM Defense[133][134] | Combat Systems |
| 2003 | Steyr-Daimler-Puch Spezialfahrzeug[citation needed] | Combat Systems |
| 2003 | Veridian and Digital Systems Resources[135] | Technologies |
| 2003 | Datron'sIntercontinental Manufacturing Company[136] | Combat Systems |
| 2004 | Spectrum Astro[137] | Aerospace |
| 2004 | MOWAG[138] | Combat Systems |
| 2005 | MAYA Viz Ltd[139] | Technologies |
| 2005 | Tadpole Computer[140] | Technologies |
| 2005 | Itronix[141] | Technologies |
| 2006 | FC Business Systems[142] | Technologies |
| 2006 | Anteon International[143] | Technologies |
| 2007 | Mediaware International[144] | Technologies |
| 2008 | ViPS, Inc.[145] | Technologies |
| 2008 | Jet Aviation[146] | Aerospace |
| 2009 | Axletech International[147] | Combat Systems |
| 2010 | Kylmar Ltd.[148] | Combat Systems |
| 2011 | Vangent, Inc.[149] | Technologies |
| 2011 | Metro Machine Imperial Docks Inc.[150] | Marine Systems |
| 2011 | Force Protection Inc.[151] | Combat Systems |
| 2012 | Earl Industries’ Ship Repair Division[152] | Marine Systems |
| 2012 | Open Kernel Labs[153] | Technologies |
| 2012 | Applied Physical Sciences[154] | Aerospace |
| 2016 | Bluefin Robotics[155] | Marine Systems |
| 2018 | CSRA Inc.[156][157][158] | Technologies |
| 2018 | Hawker Pacific[159] | Aerospace |
| 2018 | FWW Fahrzeugwerk GmbH[160] | Combat Systems |
| Year | Divestiture | Purchaser |
|---|---|---|
| 1953 | Liquid Carbonic Corporation[161] | Houston Natural Gas Co. |
| 1957 | Asbestos Corporation Limited | Société nationale de l'amiante (SNA) |
| 1967 | General Atomics[162] | Gulf Oil |
| 1976 | Canadair[163] | Canadian government |
| 1991 | Data Systems Division[164] | Computer Sciences Corporation |
| 1995 | Tactical Missiles Division | Hughes Aircraft Company |
| 1992 | Cessna[165] | Textron |
| 1992 | Electronics Division[166] | The Carlyle Group |
| 1993 | Fort Worth Division (F-16s)[167] | Lockheed Corporation |
| 1994 | Space Systems Division[168] | Martin Marietta |
| 1994 | Convair's aerostructure unit[169] | McDonnell Douglas |
| 2006 | Material Service[170] | Hanson |
| 2007 | Freeman United Coal Mining Co.[171] | Springfield Coal Co. |
| 2010 | Spacecraft development and manufacturing[172] | Orbital Sciences Corporation |
| 2014 | Advanced Systems[173] | MacDonald, Dettwiler and Associates |
General Dynamics current chairman and chief executive officer isPhebe Novakovic.
| Board Member | Role |
|---|---|
| Phebe Novakovic | Chairman and chief executive officer |
| James Crown | Lead Director |
| Rudy de Leon | Director |
| Cecil D. Haney | Director and chair, Nominating and Corporate Governance Committee |
| Mark M. Malcolm | Director |
| Jim Mattis | Director |
| C. Howard Nye | Director and chair, Audit Committee |
| Robert K. Steel | Director and chair, Sustainability Committee |
| Catherine B. Reynolds | Director and chair, Finance and Benefit Plans Committee |
| Laura J. Schumacher | Director and chair, Compensation Committee |
| John G. Stratton | Director |
| Peter A. Wall | Director |
As of December 2022.[174]
| Year | Revenue in mil. US$[175] | Net income in mil. US$ | Assets in mil. US$ | Employees |
|---|---|---|---|---|
| 2005 | 20,975 | 1,461 | 19,700 | 72,200 |
| 2006 | 24,063 | 1,856 | 22,376 | 81,000 |
| 2007 | 27,240 | 2,072 | 25,733 | 83,500 |
| 2008 | 29,300 | 2,459 | 28,373 | 92,300 |
| 2009 | 31,981 | 2,394 | 31,077 | 91,700 |
| 2010 | 32,466 | 2,624 | 32,545 | 90,000 |
| 2011 | 32,677 | 2,526 | 34,883 | 95,100 |
| 2012 | 30,992 | −332 | 34,309 | 92,200 |
| 2013 | 30,930 | 2,357 | 35,494 | 96,000 |
| 2014 | 30,852 | 2,533 | 35,337 | 99,500 |
| 2015 | 31,781 | 3,036 | 31,997 | 99,900 |
| 2016 | 30,561 | 2,572 | 33,172 | 98,800 |
| 2017 | 30,973 | 2,912 | 35,046 | 98,600 |
| 2018 | 36,193 | 3,345 | 45,408 | 105,600 |
| 2019 | 39,350 | 3,484 | 49,349 | 102,900 |
| 2020 | 37,925 | 3,167 | 51,308 | 100,700 |
| 2021 | 38,469 | 3,257 | 50,073 | 103,100 |
| 2022 | 39,407 | 3,390 | 51,585 | 106,500 |
General Dynamics reported Total CO2e emissions (Direct + Indirect) for 2021 at 696,118 mt (-8.7% year over year) and aims to reducing greenhouse gas emissions 40% by 2034. The company is on track to become carbon neutral before 2060.[177]
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|
| 901,666 | 817,293 | 821,773 | 784,264 | 794,161 | 762,200 | 696,118 | 681,454 |
In 2021, General Dynamics's U.S. workforce was 21% veterans, 23% female, and 27% people of color. The US Department of Labor awarded the company the 2021 HIRE Vets Gold Award.[179] The company has 26 Employee Resource Groups serving 10 employee segments.[180] Approximately 20% of the company's employees are represented by labor unions such asInternational Association of Machinists and Aerospace Workers (IAM), The International Union, andUnited Auto Workers (UAW).[180] Independent research published by American Association of People with Disabilities (AAPD), U.S. Department of Labor,Military Times,U.S. Veterans Magazine,Professional Women's Magazine,Forbes, andFortune selected General Dynamics as a top employer.[180] General Dynamics' community contributions in 2021 were 70% in Education & Social Services, 18% in Arts & Culture, and 12% in Service Member Support.[180]
page 25. Buy Rice out of business, p.25
The next month the Navy purchased the Holland VI for $150,000.
Our payment issue got caught up in a larger international political issue, diplomatic issue," Novacovik told investors. "While we got some payment last year, those diplomatic contretemps slowed the payment that we otherwise anticipated.
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