Aerospace & Defense Industry | Industrials Sector | Ms. Phebe N. Novakovic CEO | NYSE Exchange | US3695501086 ISIN |
United States Country | 100,000 Employees | 11 Oct 2024 Last Dividend | - Last Split | 3 Jan 1977 IPO Date |
General Dynamics Corporation stands as a colossus in the aerospace and defense industries with a global footprint. Incorporated in 1899 and having its headquarters in Reston, Virginia, the company has meticulously carved out a niche for itself by operating through four main segments: Aerospace, Marine Systems, Combat Systems, and Technologies. Each of these segments serves a distinct set of customers and markets, ranging from luxury business jets and advanced naval vessels to cutting-edge land combat solutions and sophisticated IT and technology services. The commitment to innovation and excellence has made General Dynamics a preferred partner for governments, militaries, and commercial entities around the world.
General Dynamics’ Aerospace segment is renowned for producing and selling top-tier business jets. Beyond manufacturing, the company provides comprehensive aircraft services including maintenance and repair, management, aircraft-on-ground support, completion services, charter services, staffing, and fixed-base operator services. This diverse portfolio ensures that aircraft owners and operators receive all-encompassing support tailored to their needs.
This segment underscores General Dynamics' prowess in naval engineering and construction. It is actively involved in designing and building nuclear-powered submarines and surface combatants for the U.S. Navy, as well as auxiliary and Jones Act ships for commercial entities. The portfolio extends to maintenance, modernization, lifecycle support for navy ships, and consulting in program management and submarine construction. They also construct various commercial ships including crude oil and product tankers, as well as cargo ships.
General Dynamics offers an array of land combat solutions through its Combat Systems segment, which includes manufacturing wheeled and tracked combat vehicles like the Stryker and Piranha vehicles, weapons systems, munitions, mobile bridge systems, tactical vehicles, main battle tanks, armored vehicles, and armaments. The company also engages in modernization programs, providing engineering support and sustainment services to enhance the operational capabilities of existing systems.
The Technologies segment caters to the burgeoning needs of military, intelligence, and federal civilian customers by offering high-end information technology solutions and mission support services. This includes mobile communication, computer systems, command-and-control mission systems, and intelligence, surveillance, and reconnaissance solutions. Additionally, General Dynamics is at the forefront of emerging technological domains such as cloud computing, artificial intelligence, machine learning, big data analytics, DevSecOps, and the manufacture and assembly of unmanned undersea vehicles, showcasing its commitment to innovation and security in the digital era.