General Dynamics is a global aerospace and defense company that provides a wide range of products and services across four main operating segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The company is involved in business aviation, ship construction and repair, land combat vehicles, and technology services, catering primarily to defense markets. Notable achievements include significant revenue growth in their Gulfstream aircraft and Columbia-class submarine programs, as well as substantial new awards in IT services .
- Combat Systems - Provides land combat vehicles, weapons systems, and munitions, playing a crucial role in the company's strong performance in defense markets.
- Marine Systems - Engages in ship construction and repair, primarily for the U.S. Navy, with significant contributions from the Columbia-class submarine program.
- Technologies - Offers technology products and services, including IT services and mission systems, with notable achievements such as substantial new awards at GDIT.
- Aerospace - Focuses on business aviation, including the manufacturing and servicing of Gulfstream aircraft, which has seen significant growth.
You might also like
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Phebe N. Novakovic ExecutiveBoard | Chairman and CEO | N/A | Phebe N. Novakovic has been the Chairman and CEO of GD since January 2013, leading strategic initiatives and operational expansions. | View Report → |
Danny Deep Executive | Executive Vice President, Combat Systems | N/A | Danny Deep has been EVP, Combat Systems since April 2024, with a strong background in operations and land forces programs. | |
Gregory S. Gallopoulos Executive | Senior Vice President, General Counsel, and Secretary | N/A | Gregory S. Gallopoulos has been SVP, General Counsel, and Secretary since January 2010, with prior experience as Managing Partner at Jenner & Block LLP. | |
Jason W. Aiken Executive | Executive Vice President, Technologies | N/A | Jason W. Aiken transitioned to EVP, Technologies in February 2024, after serving as EVP, Technologies and CFO. | |
Kimberly A. Kuryea Executive | Senior Vice President and CFO | N/A | Kimberly A. Kuryea became the CFO in February 2024, previously serving as Senior Vice President, Human Resources and Administration. | |
M. Amy Gilliland Executive | Senior Vice President of GD and President of GDIT | N/A | M. Amy Gilliland has led GDIT since September 2017, with previous roles in strategic planning and human resources. | |
Mark L. Burns Executive | Vice President of GD and President of Gulfstream | N/A | Mark L. Burns has been President of Gulfstream Aerospace since July 2015, focusing on product support and development. | |
C. Howard Nye Board | Director | Chairman of the Board of Directors at Martin Marietta Materials, Inc. | C. Howard Nye has been a director since May 2018, with expertise in engineering, manufacturing, and corporate governance. | |
Catherine B. Reynolds Board | Director | CEO of VitaKey Inc.; Chairman of The Catherine B. Reynolds Foundation; Director at Lindblad Expeditions Holdings, Inc. | Catherine B. Reynolds has been a director since May 2017, known for her financial and business expertise. | |
Cecil D. Haney Board | Director | Director of Tenet Healthcare Corporation | Cecil D. Haney has been a director since March 2019, with insights into defense industry and national security priorities. | |
Charles W. Hooper Board | Director | Senior Counselor at The Cohen Group; Senior Fellow at the Belfer Center; Board of Directors for UL Solutions | Charles W. Hooper has been a director since June 2023, with extensive military and foreign relations experience. | |
James N. Mattis Board | Director | Senior Counselor at The Cohen Group | James N. Mattis has been a director since August 2019, with a background as U.S. Secretary of Defense and a retired U.S. Marine Corps General. | |
John G. Stratton Board | Director | Executive Chairman of the Board, Frontier Communications Parent, Inc.; Director, Abbott Laboratories | John G. Stratton has been a director since February 2020, with leadership experience in telecommunications. | |
Laura J. Schumacher Board | Director | Director at CrowdStrike Holdings, Inc. | Laura J. Schumacher has been a director since February 2014, with extensive legal and corporate governance expertise. | |
Mark M. Malcolm Board | Director | N/A | Mark M. Malcolm has been a director since August 2015, with experience in management, financial, and operational requirements of large companies. | |
Peter A. Wall Board | Director | CEO of Amicus Limited | Peter A. Wall has been a director since August 2016, with a background in global security and defense. | |
Robert K. Steel Board | Director | Vice Chairman and Partner, Perella Weinberg Partners LP; Director, USHG Acquisition Corp. | Robert K. Steel has been a director since February 2021, with experience in financial markets and regulatory structures. | |
Rudy F. deLeon Board | Director | Senior Fellow at the Center for American Progress | Rudy F. deLeon has been a director since September 2014, with experience in aerospace and defense from his roles in the public and private sectors. |
- Given the ongoing supply chain challenges impacting submarine schedules, what specific steps are you taking to mitigate these issues, and how do you plan to manage the potential delays in the Virginia class submarine program?
- With the elevated costs associated with the G700, including paint interiors and component replacements, how confident are you in achieving the anticipated 600 to 700 basis point margin improvement, and what is the revised timeline for this margin expansion?
- Considering the higher labor inflation and increased costs on boats already in production, what is the status of your negotiations with the Navy regarding contract adjustments or remedies, and how might this affect your profitability in the Marine segment?
- As the G800 enters production, how do you anticipate it will impact your margins in the Aerospace segment, especially in light of the ongoing supply chain issues and the delayed margin improvements from the G700?
- Given the strong demand for your Combat Systems products in Europe and the reliance on direct commercial sales from your European businesses, how are you addressing potential geopolitical risks and ensuring sustained growth in that region?
Research analysts who have asked questions during GENERAL DYNAMICS earnings calls.
David Strauss
Barclays
4 questions for GD
Gautam Khanna
TD Cowen
4 questions for GD
Myles Walton
Wolfe Research, LLC
4 questions for GD
Robert Stallard
Vertical Research Partners
4 questions for GD
Seth Seifman
JPMorgan Chase & Co.
4 questions for GD
Douglas Harned
Sanford C. Bernstein & Co., LLC
3 questions for GD
Jason Gursky
Citigroup Inc.
3 questions for GD
Scott Deuschle
Deutsche Bank
3 questions for GD
Scott Mikus
Melius Research
3 questions for GD
Sheila Kahyaoglu
Jefferies
3 questions for GD
Gavin Parsons
UBS Group AG
2 questions for GD
Kenneth Herbert
RBC Capital Markets
2 questions for GD
Peter Arment
Robert W. Baird & Co.
2 questions for GD
Ronald Epstein
Bank of America
2 questions for GD
Andre Madrid
BTIG
1 question for GD
Kristine Liwag
Morgan Stanley
1 question for GD
Mariana Perez Mora
Bank of America
1 question for GD
Noah Poponak
Goldman Sachs
1 question for GD
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Department of Defense (DoD) | Primary U.S. federal agency procuring defense products and services, largest focus | All | $27,191 million revenue in 2024 (calculation: 27,191 / 47,716 ≈ 57% of $47,716 million total). |
Recent press releases and 8-K filings for GD.
- $1.25 billion EMITS 2 contract awarded to General Dynamics Information Technology to support U.S. Army Europe and Africa, NATO and partner operations.
- Contract includes a five-month transition period followed by seven optional years for enterprise IT, communications, and mission command support services.
- Key objectives are to modernize network infrastructure, enhance cybersecurity, and deploy AI, machine learning, cloud computing, and data analytics to boost interoperability and decision-making.
- Underscores GD’s strategic role in military IT amid a $91.74 billion market cap, despite annual gross margin declines of about 2.4% and insider selling activity.
- GDIT awarded $1.25 billion Enterprise Mission Information Technology Services 2 (EMITS 2) task order to support U.S. Army Europe and Africa.
- Task order includes a five-month base period and seven option years.
- GDIT will deliver enterprise IT, communications and mission command support; modernize network infrastructure; implement cybersecurity; and leverage AI/ML, cloud computing and data analytics.
- GDIT is a unit of General Dynamics, which generated $47.7 billion in 2024 revenue and employs over 110,000 people worldwide.
- General Dynamics Electric Boat received a $642 million cost-plus-fixed-fee contract modification for lead yard support and development studies on Virginia-class submarines (Contract N00024-20-C-2120).
- The funding will accelerate design and development efforts to expedite submarine delivery and sustain U.S. naval operational overmatch.
- Electric Boat, headquartered in Groton, CT, employs over 24,000 people focused on nuclear submarine design, construction, repair, and modernization for the U.S. Navy.
- Parent company General Dynamics, based in Reston, VA, generated $47.7 billion in revenue in 2024 and employs more than 110,000 people worldwide.
- GDIT, a division of General Dynamics, won a $1.5 billion IT modernization contract from U.S. Strategic Command to enhance operational readiness and strategic capabilities.
- The contract includes a one-year base period plus six option years, emphasizing digital engineering, AI/ML integration, hybrid cloud transition, and zero-trust cybersecurity measures.
- The effort aims to support STRATCOM’s critical missions—such as nuclear command and control and electromagnetic spectrum operations—while improving collaboration and efficiency.
- It expands General Dynamics Information Technology’s engagement to additional U.S. combatant commands, reinforcing its role in national security technology.
- General Dynamics Information Technology (GDIT) secured a $1.5 billion enterprise IT modernization contract with U.S. Strategic Command, comprising a one-year base period plus six option years.
- The contract will deliver digital engineering, AI/ML integration, hybrid cloud migration, and advanced cyber and zero-trust solutions to strengthen STRATCOM’s nuclear command and control systems.
- This award expands GDIT’s mission-critical IT services for combatant commands, supplementing its support to U.S. Central Command and U.S. Special Operations Command.
- Parent company General Dynamics reported $47.7 billion in revenue in 2024, underscoring its scale in defense services.
- General Dynamics Land Systems and Daimler Truck Holding AG have formed a strategic partnership to develop, produce, and service military logistics vehicles in select global markets.
- The collaboration builds on the Canadian Government’s Logistics Vehicle Modernization program, which delivered over 1,500 off-road logistics trucks to the Canadian Armed Forces.
- Daimler Truck’s military business, currently ~1% of total turnover, will leverage its Mercedes-Benz Special Trucks unit (Zetros, Unimog) alongside General Dynamics capabilities.
- The partnership aims to offer tailored equipment, long-term service, and parts support for militaries in Europe, North America, and beyond amid rising global defense spending.
- The U.S. Navy exercised an option to add an additional DDG 51 destroyer to the multi-year contract awarded in 2023
- Bath Iron Works has seven Arleigh Burke-class destroyers under construction: DDG 124, 126, 127, 130, 132, 134 and 136
- Funding for the additional destroyer was included in the FY 2025 Defense Appropriations Bill
- General Dynamics generated $47.7 billion in revenue in 2024 and employs over 110,000 people worldwide
- General Dynamics Electric Boat received a $1.85 billion contract modification for long lead time material and preliminary construction supporting Virginia-class submarines.
- The award secures critical materials and components requiring substantial lead time, reinforcing supplier investment to achieve the Navy’s required high-rate production, according to President Mark Rayha.
- Electric Boat, headquartered in Groton, CT, designs, builds, repairs and modernizes nuclear submarines for the U.S. Navy and employs over 24,000 people.
- Parent company General Dynamics, based in Reston, VA, reported $47.7 billion in revenue for 2024 and employs over 110,000 worldwide.
- General Dynamics was awarded a $1.85 billion modification contract from the U.S. Navy for Virginia-class Block VI submarines, with work on long-lead materials and preliminary construction scheduled through 2035.
- The awards bring total defense contracts to nearly $2 billion, including $89.4 million for USS Ronald Reagan maintenance/alterations and $41.7 million for battlefield communication software development.
- Funding for the submarine contract includes $1.68 billion from the FY 2025 shipbuilding and conversion budget, which remains available beyond the current fiscal year.
- Financial analysts have set a $293 average price target and an Outperform rating on General Dynamics shares, implying modest upside from current levels.
- General Dynamics Information Technology (GDIT) secured a $580 million Integrated Base Defense Sustainment Support task order from the U.S. Army in May, with a one-year base period plus four option years.
- GDIT will sustain and enhance force protection systems—radars, cameras and sensors—globally, including in austere and high-threat locations, to ensure continuous operational readiness.
- The contract work will leverage GDIT’s Cove AI Ops Digital Accelerator to streamline logistics, improve processes and reduce operating costs.
- GDIT, a business unit of General Dynamics, employs over 110,000 people and generated $47.7 billion in revenue in 2024.