GENERAL DYNAMICS CORP (GD)

General Dynamics is a global aerospace and defense company that specializes in high-end design, engineering and manufacturing, operating through 10 business units organized into four segments: Aerospace, Marine Systems, Combat Systems and Technologies. The Aerospace segment, comprising Gulfstream and Jet Aviation, designs and manufactures business jets—including the G800, G700, G500/G600, and upcoming G400 and G300—alongside a global network of maintenance, completion, and FBO services, generating $13,110 million in revenue in 2025 (25% of consolidated revenue). Marine Systems, consisting of Electric Boat, Bath Iron Works and NASSCO, is the leading builder of nuclear submarines (Columbia- and Virginia-class) and a key producer of surface combatants (Arleigh Burke-class destroyers) and auxiliary ships (Expeditionary Sea Base, John Lewis-class oilers) for the U.S. Navy, along with ship repair and modernization services, contributing $16,723 million in revenue (32% of the total) and holding substantial multi-decade backlog including a $125+ billion Columbia-class program.

Combat Systems, through Land Systems, European Land Systems and Ordnance and Tactical Systems, is a premier manufacturer of land combat vehicles (Abrams tanks, Stryker, Ajax, Piranha, ASCOD, LAVs) and weapon systems, munitions and energetics, generating $9,246 million (17% of revenue), with new platforms like XM30 and the Advanced Reconnaissance Vehicle in development. The Technologies segment, comprising GDIT and Mission Systems, delivers IT modernization, cybersecurity, cloud, AI/ML, C5ISR systems, encryption, and space and undersea autonomous technologies to defense, intelligence and federal civilian customers, producing $13,471 million in revenue (26% of the total) with roughly 40,000 employees. Overall, the company reported total revenue with 68% derived from the U.S. government (primarily the Department of War), 15% from U.S. commercial customers, 8% from non-U.S. governments, and 9% from non-U.S. commercial customers, with contracts split among fixed-price (51%), cost-reimbursement (44%) and time-and-materials (5%) arrangements.

The company emphasizes continued capital investment in R&D, manufacturing capacity, and workforce development across its segments to sustain long-term growth, technological leadership, and shareholder returns.