General Dynamics is a major aerospace and defense company that offers a broad portfolio of products and services in business aviation;
combat vehicles, weapons systems and munitions; military and commercial shipbuilding; and communications and information technology.
The company employs 95,100 people globally. As an experienced incumbent on multiple core defense programs, the company's portfolio
Formed in 1952, General Dynamics has grown organically and through acquisitions until the early 1990s, when it sold nearly all of its divisions except Electric Boat and Land Systems. Starting in the mid-1990s, General Dynamics began expanding by acquiring combat vehicle-related businesses, additional shipyards, information technology product and service companies and Gulfstream Aerospace Corporation. Since, General Dynamics has acquired and integrated over 60 businesses to further strengthen and complement its business portfolio. General Dynamics is incorporated in Delaware with executive offices located in Falls Church, Virginia.
General Dynamics operates in four principal business segments:
The following table highlights General Dynamics' sales from 2010 to 2012 by segment:
A description of the business of each of the company's segments is set forth below.
General Dynamics' Aerospace segment designs, manufactures and outfits a comprehensive family of mid- and large-cabin business-jet aircraft,
and provides maintenance, refurbishment, outfitting and aircraft services for a variety of business-jet, narrow-body and wide-body aircraft customers globally.
Financial results for General Dynamics' Aerospace (Gulfstream) segment were as follows:
The Aerospace group's revenues increased by $914 million in 2012 compared to 2011. This was due to higher aircraft manufacturing, outfitting and completions revenues including the manufacture and outfitting of Gulfstream business-jet aircraft as well as completions of aircraft produced by other OEMs. Aircraft manufacturing, outfitting and completions revenues increased in 2012 primarily due to increased deliveries of the G650 aircraft.
Earnings from the manufacture and outfitting of Gulfstream aircraft increased $136 million, or over 10%, in 2012 compared with 2011 primarily due to deliveries of the G650 aircraft. Earnings from other OEM completions were up $197 million in 2012 as operational performance improved. Operating earnings in 2011 were negatively impacted by $78 million of losses on several completions projects and a $111 million impairment of the completions business contract and program intangible asset as a result of these losses and lower revenues. Overall, the Aerospace Group's operating profits went up by $129 million or +17.7%
The Gulfstream product line includes aircraft across a spectrum of price and performance options. The varying ranges, speeds and cabin dimensions
are well-suited to the transportation needs of an increasingly diverse and global customer base. The large-cabin models are manufactured at
Gulfstream's headquarters in Savannah, Georgia, while the mid-cabin models are constructed by an Israeli supplier.
All models are outfitted in the group's U.S. facilities.
The two newest aircraft to join the Gulfstream family, the ultra-large-cabin, ultra-high-speed G650 and the super-mid-size G280, each earned Federal Aviation Administration (FAA) type certification and entered into service in 2012. The G650 has the longest range, fastest speed, largest cabin and most advanced cockpit in the Gulfstream fleet and defines a completely new segment at the top of the business-jet market. The G280, which has replaced the G200, offers a larger cabin and the longest range at the fastest speed in its class. During flight testing, both of these aircraft exceeded original performance expectations and set city-pair speed records. The G280 exceeded the original performance expectations announced at the program's launch, including a 200-nautical-mile increase in range.
Demand for Gulfstream aircraft remains strong across geographic regions and customer types. While North American corporate customer demand has increased recently, international orders comprise approximately 60% of the group's backlog, representing demand from several emerging markets including the Asia-Pacific region. Private companies and individuals collectively represent approximately 60% of the group's backlog. Gulfstream also remains a leading provider of aircraft for governments and militaries around the world, with aircraft operated by nearly 40 nations. These government aircraft are used for head-of-state/executive transportation and a variety of special-mission applications, including aerial reconnaissance, maritime surveillance and weather research.
To maximize profitability, management has adjusted aircraft production rates, invested in innovative product development and facilities, and enhanced the group's global service network. For example, prior to the recent economic downturn, Gulfstream amassed a multi-year large-cabin backlog by making measured increases in aircraft production that consciously lagged growing international customer demand. This backlog provided Gulfstream increased flexibility when global economic turmoil began to negatively impact the business-jet market in late 2008. In response to this sudden market deterioration, General Dynamics quickly and aggressively cut 2009 production levels to stabilize the backlog. General Dynamics also reduced employment, cut overhead costs and introduced a multi-week summer furlough to adjust the group's manufacturing operations. Improved new order activity and lower customer default levels enabled the company to maintain large-cabin production in 2010 while modestly increasing mid-cabin production.
A $500 million seven-year facilities expansion project (announced in November 2010) is underway at Gulfstream's Savannah campus, including constructing new facilities, renovating existing infrastructure and expanding the group's R&D center. This investment is designed to ensure Gulfstream is well-positioned to meet future demand for business-jet aircraft and support services. This effort follows a recently completed $400 million multi-year project in Savannah that established a purpose-built G650 manufacturing facility, increased aircraft-service capacity, improved the group's customer sales and design center and created a state-of-the-art paint facility. In addition to the increased service capacity in Savannah, Gulfstream's service network continues to evolve to address the demands of the growing international installed base.
In addition to the increased service capacity in Savannah, Gulfstream's service network continues to evolve to address the demands of the growing international installed base. In 2010, General Dynamics focused on increasing the group's international parts and materials inventory, adding key personnel in fast-growing markets including Asia and South America, and realigning the company's existing North American service organization. In the western hemisphere, Gulfstream's product support team continues to deploy a team of technicians in support of urgent customer-service requirements. In 2011, General Dynamics focused on increasing the group's international parts and materials inventory and adding personnel in fast-growing markets. In Asia, for example, Gulfstream opened a product support office in Hong Kong and a sales office in Beijing to support customers before, during and after their aircraft purchase. In 2012, the company added Gulfstream service centers in emerging markets such as Brazil and China and expanded its facility in Luton, United Kingdom. General Dynamics also has a team of Gulfstream aircraft technicians to deploy for urgent customer-service requirements in the Americas and Europe.
General Dynamics has also leveraged the company's 2008 acquisition of Jet Aviation, a maintenance and repair services provider with aircraft service centers in more than 20 locations worldwide, to provide customers around the world with first-in-class service and support 24 hours a day. Jet Aviation augments General Dynamics' aerospace portfolio by providing maintenance, repair, aircraft management and FBO services to a broad global customer base. The Aerospace group also performs aircraft completions for business jets and narrow- and wide-body commercial aircraft produced by other OEMs at locations in Europe and the United States.
The company's Combat Systems segment is a global leader in the design, development, production, support and enhancement of tracked
and wheeled military vehicles, weapons systems and munitions for the United States and its allies.
Financial results for General Dynamics' Combat Systems segment were as follows:
The Combat Systems group's revenues dropped $620 million in 2012 compared with 2011. In 2012, revenues were up slightly in the group's U.S. military vehicles business. Revenues increased due to the December 2011 acquisition of Force Protection, Inc., higher volume on several international light armored vehicle (LAV) programs and the start of the Technology Development phase of the Army's Ground Combat Vehicle (GCV) program. These increases were largely offset by lower volume on the domestic Stryker, M1 Abrams and Mine-Resistant, Ambush-Protected (MRAP) vehicle programs.
Lower volume across several U.S. armament and munitions programs, including vehicle armor, Mk 47 grenade launchers and Hydra-70 rockets, due to slowed defense spending, combined with the sale of the detection systems business in the second quarter of 2011, resulted in the decrease in revenues in the weapons systems and munitions business.
In the group's European military vehicle business, revenues were down in 2012 due to lower volume on multiple wheeled vehicle contracts for various international customers that are nearing completion. In 2012, final deliveries occurred under several of these contracts, including Piranha vehicles for the Belgian Army, Duro vehicles for the Swiss government and Eagle vehicles for the German government.
The Combat Systems group's operating earnings and margins decreased in 2012. In addition to lower volumes, operating results in 2012 include the negative impact of three discrete charges in General Dynamics' European military vehicles business: $292 million for contract disputes accruals, primarily related to the termination of the contract to provide Pandur vehicles for Portugal ($169 million of this amount was recorded as a reduction of revenues); $98 million of restructuring-related charges, primarily severance, for activities associated with eliminating excess capacity and aligning the company's European military vehicles business for anticipated lower demand; and $67 million of out-of-period adjustments recorded in the first quarter of 2012 ($48 million of this amount was recorded as a reduction of revenues).
The segment's product lines include:
-wheeled combat and tactical vehicles
-main battle tanks and tracked infantry vehicles
-munitions and propellant
-rockets and gun systems
-axle and drivetrain components and aftermarket parts
-support and sustainment services.
General Dynamics has a mature and diverse portfolio of franchise products that deliver core capabilities to domestic and international customers
across the military vehicle, weapons systems and munitions markets.
General Dynamics' portfolio of vehicle platforms in the U.S. military vehicles business consists of wheeled combat vehicles and main battle tanks for the U.S. military, including the Stryker wheeled combat vehicle and the M1 Abrams main battle tank. These vehicles are fundamental to the military's warfighting capabilities and offer continuing opportunities for upgrades and modernization to meet evolving requirements.
The Stryker has proven itself as a versatile combat vehicle, supporting numerous missions over the past 10 years. To meet evolving customer requirements, the group developed a double-V-hulled Stryker to further enhance soldier protection from improvised explosive devices (IEDs). Over the last two years, nearly 750 double-V-hulled vehicles have been delivered to the U.S. Army. In 2012, the group secured contracts to perform hull exchanges to convert previously delivered Stryker vehicles to the double-V-hull configuration.
General Dynamics continues to support the Army's evolving needs for main battle tanks with technology upgrades to the M1 Abrams, such as the System Enhancement Package (SEP). The SEP-configured tank is a digital platform with an enhanced command-and-control system, second-generation thermal sights and improved armor. In September 2012, General Dynamics received a multi-year contract from the Army to conduct development efforts for additional upgrade opportunities designed to increase the efficiency and capability of the Abrams tank.
Beyond these long-term platform programs, General Dynamics has opportunities associated with the refurbishment of battle-damaged vehicles and the replacement of equipment that has reached the end of its service life. As the sole provider of Abrams tanks and Stryker vehicles, Combat Systems is the primary contractor for the maintenance, repair and reset of these vehicles. The group's portfolio of tactical vehicles is at the forefront of blast- and ballistic- protected technologies, designed to protect vehicle occupants from landmines, hostile fire and IEDs. The company has delivered more than 4,500 RG-31 and Cougar vehicles to the U.S. military under the Mine-Resistant, Ambush Protected (MRAP) vehicle program. This large installed base has led to subsequent modernization programs, as well as support and sustainment services.
In addition to the Abrams and Stryker modernization efforts, General Dynamics has a contract for the design and development phase of the Army's next-generation infantry fighting vehicle, the Ground Combat Vehicle (GCV). The group is also positioning itself for the upcoming competitions for new contracts for the Amphibious Combat Vehicle (ACV), the cornerstone of the U.S. Marine Corps' future amphibious-assault requirements, and the Army's Armored Multi-Purpose Vehicle (AMPV) program, a replacement for the M113 family of vehicles.
The Combat Systems group's U.S. exports include Abrams tanks and Light Armored Vehicles (LAVs) for U.S. allies around the world. The international operations of General Dynamics' U.S. military vehicles business also have generated significant indigenous opportunities. General Dynamics is modernizing approximately 600 LAV III combat vehicles for the Canadian government, as well as providing long-term support to all Canadian LAV vehicles. For the U.K. Ministry of Defence, General Dynamics is producing the Foxhound armored vehicle and will co-produce the Specialist Vehicle with the U.K. operations of the Information Systems and Technology group. Combat Systems has also benefited from customer relationships developed through its in-country operations including manufacturing sites in Austria, France, Germany, Spain and Switzerland. The Combat Systems group's European operations offer a broad range of products, including military vehicles, amphibious bridge systems, artillery systems, ammunition and propellants. Key platforms include the Leopard tank, the Pizarro and Ulan tracked infantry vehicles, the Eagle wheeled vehicle, and the Piranha and Pandur wheeled armored vehicles.
Complementing these combat-vehicle offerings are Combat Systems' weapons systems and munitions programs. For ground forces, the group manufactures vehicle armor, M2 heavy machine guns and Mk 19 and Mk 47 grenade launchers. For airborne platforms, the group produces weapons for many foreign customers and all U.S. fighter aircraft, including high-speed Gatling guns for fixed-wing aircraft and the Hydra-70 family of rockets. Combat Systems is also a global manufacturer and supplier of composite aircraft and ground equipment components and highly engineered axles, suspensions, brakes and aftermarket parts for a variety of military and commercial customers.
The company's munitions portfolio covers the full breadth of naval, air and ground forces applications across all calibers and weapon platforms for the U.S. Government and its allies. The group holds leading munitions supply positions for products such as large caliber tank ammunition, medium caliber ammunition, mortar and artillery projectiles, tactical missile aerostructures and high-performance warheads, military propellants and conventional bombs and bomb cases.
The company's Marine Systems group designs, builds and supports submarines and surface ships.
General Dynamics is one of two primary shipbuilders for the U.S. Navy, the other being Huntington Ingalls (formerly Northrop Grumman Shipbuilding).
Financial results for General Dynamics' Marine Systems segment were as follows:
The Marine Systems group's revenues decreased by $39 million in 2012 compared with 2011. The group's U.S. Navy ship construction programs include SSN 774 Virginia Class submarines, DDG 51 and DDG 1000 destroyers, and T-AKE combat-logistics and Mobile Landing Platform (MLP) auxiliary support ships. Decreased revenues in 2012 of $580 million on the Virginia Class and the remainder of the ships in the T-AKE programs were partially offset by an increase of $244 million on the MLP and DDG destroyer programs. Revenues were lower on the Virginia Class program in 2012 due to timing as the group transitions from the Block II to the Block III contract. In 2012, the group delivered the final ship under the T-AKE program, resulting in a decrease in revenues. Revenues increased in 2012 on the MLP and DDG 51 programs as two ships are now under construction on both programs.
Revenues were higher on engineering and repair programs for the Navy in 2012. The increase in revenues was driven by recent acquisitions of two East Coast surface-ship repair operations and higher volume on the SSBN(X) Ohio Class replacement engineering program.
Despite the decline in revenues, the Marine Systems group's operating earnings increased in 2012, resulting in a 100 basis-point increase in operating margin compared with 2011. Increases in the T-AKE profit rate contributed $53 million of operating earnings, approximately 70 basis points of margin expansion, as the program continued to experience favorable cost performance through construction of the final ship.
The segment's diverse portfolio of platforms and capabilities includes:
-nuclear-powered submarines (Virginia Class and SSBN(X) Ohio Class replacement)
-surface combatants (DDG 51, DDG 1000, Littoral Combat Ship)
-auxiliary and combat-logistics ships (T-AKE and MLP)
-commercial ships (Jones Act ships)
-design and engineering support
-overhaul, repair and lifecycle support services
The substantial majority of Marine Systems' workload supports the U.S. Navy. These efforts include the construction of new ships,
and the design and development of next-generation platforms to help the customer meet evolving missions and maintain its desired fleet size.
The group also provides maintenance and repair services to help maximize the life and effectiveness of in-service ships and maintain their
relevance to the Navy's current requirements. This business consists primarily of major ship-construction programs awarded under large,
multi-ship contracts that span several years. The group's three mature Navy construction programs are the fast-attack
Virginia Class nuclear-powered submarine,
the DDG 51 Arleigh Burke Class
AEGIS guided-missile destroyer, the Lewis and Clark Class (T-AKE) dry cargo/ammunition combat-logistics ship, and the Mobile Landing Platform (MLP)
auxiliary support ships.
The Virginia Class submarine is the first U.S. submarine designed to address post-Cold War threats, including capabilities tailored for both open-ocean and littoral missions. These stealthy ships are well-suited for a variety of global assignments, including intelligence gathering, special-operations missions and sea-based missile launch. The Virginia Class program includes 30 submarines, which the Navy is procuring in multi-ship blocks. The group has delivered nine of 18 boats under contract in conjunction with Huntington Ingalls Industries which shares in the construction of these vessels. The remaining nine boats under contract extend deliveries through 2018. General Dynamics has submitted a proposal for the next block of submarines under the program expected to be awarded near the end of 2013. In 2010, Marine Systems delivered the seventh boat in a record 65 months, five months faster than any of the previous boats in the program.
Marine Systems is the lead designer and producer of Arleigh Burke Class DDG 51s, the only active destroyer in the Navy's global surface fleet. DDG 51s are multi-mission combatants that offer defense against a wide range of threats, including ballistic missiles. In 2010, General Dynamics delivered USS Jason Dunham, the 32nd ship, and in 2011, the company delivered the 33rd of the 34 DDG-51 ships under the Navy's legacy multi-ship contract. In 2012, Marine Systems delivered the final DDG 51 ship under the prior multi-ship contract. In connection with the Navy's restart of the DDG 51 program, General Dynamics has been awarded construction contracts for two destroyers. Delivery of these ships is scheduled for 2016 and 2017. General Dynamics has submitted a competitive bid for a multi-ship construction contract that is expected to be awarded in the first half of 2013.
Marine Systems participates in a number of programs in support of the Navy's efforts to renew its surface fleet. In 2011, Marine Systems completed the detailed design of the next-generation guided-missile destroyer, the DDG 1000 Zumwalt Class, and is building the first of the three ships in the class at its Bath, Maine, shipyard. In 2011, the group received an award for its portion of the construction of the second and third ships in the program. While the group is responsible for much of the construction of the ship, significant components will be manufactured by others and supplied as government-furnished material for integration into the destroyer. Delivery of the ships is scheduled for 2015, 2016 and 2018.
The Marine Systems group's Mobile Landing Platform (MLP) auxiliary support ship serves as a floating transfer station, improving the Navy's ability to deliver equipment and cargo to areas without adequate port access. In 2012, the group was awarded a construction contract for the third ship in the program. Construction of the first two ships is underway, with delivery of one ship per year beginning in 2013. The Navy's long-term shipbuilding plan includes procurement of a fourth ship in 2014.
In 2012, the Marine Systems group delivered the final ship under the 14-ship T-AKE program, marking the completion of a shipbuilding program that spanned more than a decade. The group's T-AKE combat-logistics ship supports multiple missions for the Navy, including replenishment at sea for U.S. and NATO operating forces around the world. T-AKE is the first Navy ship to incorporate proven commercial marine technologies such as integrated electric-drive propulsion. These commercial ship-design features minimize operating and maintenance costs over the ship's 40-year service life. Throughout the course of the program, the group reduced the hours required to build a single ship by nearly 80%.
General Dynamics is also developing new technologies and naval platforms. These design and engineering efforts include initial concept studies for the development of the next-generation ballistic-missile submarine SSBN(X), which is expected to replace the Ohio class of ballistic missile submarines. General Dynamics received an award in the fourth quarter of 2012 for the design of the submarine. In conjunction with these efforts, the group is participating in the design of the 'Common Missile Compartment' under joint development for the U.S. Navy and the U.K. Royal Navy.
In addition to these design and construction programs, Marine Systems provides comprehensive ship and submarine overhaul, repair and lifecycle support services to extend the service life and maximize the value of these ships to the customer. Marine Systems operates the only full-service maintenance and repair shipyard on the West Coast. With the recent acquisition of two repair operations, Marine Systems has extended the reach of its surface-ship repair capabilities in several major Navy ports on the East Coast. Marine Systems also provides extensive submarine repair services in a variety of U.S. locations. Recently, General Dynamics was awarded a contract for advance planning and preliminary execution of restoration efforts on USS Miami, which was badly damaged in a fire. General Dynamics also provides allied navies with program management, planning, engineering and design support for submarine and surface-ship construction programs. In addition, General Dynamics is a leading operator of ships for the U.S. Military Sealift Command and commercial customers.
Marine Systems has the capability to design and produce ships for commercial customers to meet the Jones Act requirement that ships carrying cargo between U.S. ports be built in U.S. shipyards. In the fourth quarter of 2012, General Dynamics was awarded a contract for the construction of two liquefied natural gas (LNG)-powered container ships. Construction is scheduled to begin in 2014 with deliveries in 2015 and 2016. When complete, the containerships are expected to be the largest ships of any type in the world primarily powered by LNG. General Dynamics anticipates that the age of the Jones Act fleet and environmental regulations that require double-hull tankers and impose emission control limits will provide additional commercial shipbuilding opportunities.
The company's Information Systems and Technology group provides critical technologies, products and services
that support a wide range of government and commercial communication and information-sharing needs.
Financial results for General Dynamics' Information Systems and Technology segment were as follows:
The Information Systems and Technology group's revenues dropped $1,204 million in 2012 compared with 2011. The decrease in revenues in the mobile communication systems business was driven by slowed defense spending, protracted U.S. customer acquisition cycles and a slower than expected transition to follow-on work on several contracts. This resulted in lower revenues in 2012 on key programs, including the Warfighter Information Network – Tactical (WIN-T) and Common Hardware Systems (CHS), and for encryption and ruggedized hardware products. In addition, over 10% of the decline in the group's revenues was due to lower volume on the UK-based Bowman communications system program, which has been successfully fielded and has now moved into maintenance and long-term support. In the group's IT solutions and services business, decreased volume in 2012 due to the completion of several large-scale IT infrastructure and support programs for the intelligence community and the DoD, including the New Campus East, Mark Center and Walter Reed National Military Medical Center programs, was largely offset by revenues from the 2011 acquisition of Vangent, Inc. Revenues were down in 2012 compared with 2011 in the group's ISR business primarily due to lower optical products revenues as demand was impacted negatively by pressured defense budgets and the broader economic environment. Actions taken in 2012 to align the business with anticipated future demand are expected to stabilize performance in 2013.
Operating earnings and margins decreased significantly in 2012 compared with 2011. This decrease was driven by the negative impact of four discrete charges: a $2 billion goodwill impairment resulting from a decline in the estimated fair value of the group caused by topline pressure from slowed defense spending and the threat of sequestration, and margin compression due to mix shift impacting the projected cash flows of the group; $110 million of intangible asset impairments on several assets in the optical products business, most significantly the contract and program intangible asset, as a result of competitive losses and delays in the fourth quarter of 2012 indicative of lower overall demand caused by the economic downturn; $58 million write-down of substantially all of the remaining ruggedized hardware inventory, including $25 million in the third quarter, based on anticipated remaining demand for products that ceased production in 2012; and $26 million for cost growth associated with the demonstration phase of the SV program (an additional $6 million was recorded by the Combat Systems group's European military vehicles business).
The Information Systems and Technology group provides critical technologies, products and services
that support a wide range of government and commercial communication and information sharing and security needs.
The group consists of a three-part portfolio centered on secure mobile communication systems; information technology solutions
and mission support services; and intelligence, surveillance and reconnaissance systems.
secure mobile communication systems
The group designs, manufactures and delivers trusted and secure communications systems, command-and-control systems and operational hardware to customers within the U.S. Department of Defense, the intelligence community and federal civilian agencies, and to international customers. The company's leadership in this market results from decades of experience with previous systems, incumbency on today's programs and an ongoing record of innovation that encompasses key technologies at the center of the customers' missions.
The secure mobile communication systems group's solutions include ruggedized mobile computing solutions with embedded wireless capability; information assurance and encryption technologies, products, systems and services that ensure the security and integrity of digital communications worldwide; digital switching, broadband networking and automated network management; battlespace command-and-control systems; and fixed and mobile radio and satellite communications systems and antenna technologies.
The market is characterized by programs that enhance warfighters' ability to communicate, collaborate and access vital information through Internet-like networks on the battlefield. Key programs include the U.S. Army's Warfighter Information Network-Tactical (WIN-T) and the JTRS Program's Handheld Manpack Small Form Fit (HMS) family of radios, which includes the AN/PRC-154 Rifleman and AN/PRC-155 Manpack radios and several other small networking radios.
WIN-T is the Army's primary battlefield communications network. As the prime contractor, General Dynamics is responsible for the design, engineering, integration, production, program management and support of the network. Using ground and satellite communications links, WIN-T provides commanders with the digital communications services they need to access intelligence information, initiate battle plans, collaborate with other military elements, issue orders and monitor the status of their forces. The first increment of WIN-T is now fully deployed. The second increment, which adds on-the-move command and control and other capabilities, completed operational tests in May and began fielding in October of 2012. The third increment, which is in the development and testing phase, will provide enhanced network reliability, increased capacity and smaller, more-tightly integrated communications and networking gear.
The JTRS program will provide communications among all branches of the U.S. military on multi-channel, software-defined radios. General Dynamics is developing the JTRS Handheld, Manpack, Small Form Fit (HMS) network radios to connect soldiers, sensors and robotic platforms. These small radios will enhance dismounted soldiers' situational awareness and combat effectiveness by giving them greater communications capabilities and access to intelligence data in the field. This critical networking capability was successfully demonstrated by the Army during extensive testing exercises in 2010 that connected command posts, on-the-move forces and dismounted soldiers. These exercises also demonstrated how WIN-T and JTRS enable key battle command applications to increase force effectiveness across a variety of missions and terrain. The Army authorized low-rate production of over 6,000 radios in 2011. The AN/PRC-154 Rifleman radio has been deployed in Afghanistan with the Army's 75th Ranger Regiment and 10th Mountain Division. The AN/PRC-155 Manpack radio has demonstrated its capabilities through extensive government tests and the Army has announced plans to field it to five brigade combat teams in 2013. The Army has purchased more than 26,000 HMS radios from General Dynamics and plans to competitively procure more than 240,000 over the life of the program.
Information Systems and Technology delivers similar communications and information-sharing benefits to many federal civilian customers. Since 2001, General Dynamics has delivered more than 13,500 radios to the FAA, allowing air traffic controllers to communicate with commercial and military aircraft throughout the nation's airspace, and General Dynamics was recently awarded a contract to provide the FAA updated radios using the latest in communications technology. General Dynamics also provides many of these tactical communications capabilities to non-U.S. customers, including the Canadian Department of National Defence, the U.K. Ministry of Defence as well as public agencies and private companies in Europe and the Middle East.
Information Technology Services
The group provides mission-critical information technology (IT) and highly specialized mission-support services to the U.S. defense and intelligence communities, the Department of Homeland Security and other federal civilian agencies, and commercial and international customers.
The Information Technology Services group specializes in design, development, integration, maintenance and security of wireless and wire-line networks and enterprise infrastructure; mission-operations simulation and training systems and services; large-scale data center consolidation and modernization; and healthcare technology solutions and services.
Intelligence, Surveillance and Reconnaissance Systems
General Dynamics also provides mission-related systems development, integration and operations support to customers in the U.S. defense, intelligence and homeland security communities, and to U.S. allies.
The group's offerings include cyber security services and products; open-architecture mission systems; signals and information collection, processing and distribution systems; imagery solutions, sensors and cameras; and special-purpose computing.
General Dynamics has a 50-year legacy of providing advanced fire control systems for Navy submarine programs, and currently is developing and integrating commercial-off-the-shelf (COTS) software and hardware upgrades to improve the tactical control capabilities for multiple submarine classes. This initiative leads the implementation of the Navy's open architecture and open business model approach on submarines with a design that emphasizes shared standards, providing greater interoperability, scalability and supplier independence. Capitalizing on this expertise and open architecture approach, the group developed the core mission system for the Navy's Independence Class of Littoral Combat Ships (LCS), and it is the ship mission systems integrator on the Navy's 10-ship Joint High Speed Vessel (JHSV) program.
Revenues ('12): $32,677M -3.6%
R&D ('12): $544M -0.2%
Net Profit ('12): $-332M NEG
CAPEX ('12): $450M -1.8%
Aerospace Sector:Major Diversified OEM
General Dynamics Products:
Mid- and large-cabin business-jet aircraft; Maintenance, refurbishment, outfitting and aircraft services; Wheeled combat and tactical vehicles; Main battle tanks; Tracked infantry vehicles; Blast- and ballistics-protected vehicles + Maintenance and repair services (Force Protection); Munitions and propellant; Rockets and gun systems; Drivetrain components and aftermarket parts; 120mm mortar and 155mm and 105mm artillery projectiles; Conventional bomb structures; Mortar systems and large-caliber ammunition; Nuclear-powered submarines (Virginia Class); Surface combatants; Auxiliary and combat-logistics ships; Commercial ships; Design and engineering support. See more products below!
General Dynamics' Major DoD Defense Programs:
General Dynamics' Commercial Programs:
| Gulfstream: G-150, G-250, G-280, G-350, G-450, G-550, G-650 |
|Sales 2008-2012||Net Income 2008-2012||R&D Spending 2008-2012||# Employees 2008-2012|