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General Dynamics - Statistics & Facts

General Dynamics is an American aerospace and defense company headquartered in Reston, Virginia. Its history can be traced back to 1899, when Isaac Rice acquired the Holland Torpedo Boat company from John Phillip Holland and renamed it to Electric Boat Company. The General Dynamics company was officially formed in the early 1950s as the result of the consolidation of submarine manufacturer Electric Boat Company and aircraft manufacturer Canadair. After many acquisitions and portfolio changes, the company has become one of the leading armament manufacturers worldwide.

Business lines

The business groups of General Dynamics can be divided into: aircraft, combat systems, marine systems and information and technology systems, with the latter one generating the highest revenues. The company manufactures nearly every type of military equipment involved in modern combat, with the major products being nuclear-powered submarines, aircrafts, military vehicles, and weapons. It also offers IT and C4ISR (command, control, communications, computers, intelligence, surveillance, and reconnaissance) services. The main competitors of General Dynamics are Lockheed Martin, Boeing, Raytheon Technologies Corporation, BAE Systems, and Northrop Grumman.

Financial information

The revenue of General Dynamics has increased significantly since 2002 and amounted to over 39 million U.S. dollars in 2021. Most of the revenue was generated in the United States. With roughly 70 percent of the company revenue coming from the U.S. government, it is no wonder that General Dynamics spends a considerable amount of funds on lobbying.

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