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 1995, General Dynamics has acquired and integrated 65 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 2011 to 2013 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.
The Aerospace group consists of two subsidiaries: Gulfstream and Jet Aviation.
Financial results for General Dynamics' Aerospace (Gulfstream) segment were as follows:
Aircraft manufacturing, outfitting and completions revenues increased in 2013 primarily due to additional deliveries of G650 and G280 aircraft. Production rates for these aircraft have been ramping up since their initial deliveries in 2011 and 2012, respectively. Pre-owned aircraft sales increased as Gulfstream sold 11 aircraft in 2013 as compared to three in 2012. The group had one pre-owned aircraft available for sale on December 31, 2013.
With continued growth in deliveries of newer Gulfstream aircraft models, General Dynamics expects an increase of approximately 11% in the group's revenues in 2014 compared with 2013. Operating margins are expected to be around 17%.
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. The project is scheduled to continue through 2017.
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 25 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:
In 2013, revenues were down as a result of decreased U.S. Army spending, in part due to sequestration and the government shutdown. This impacted U.S. military vehicle programs, including Stryker, M1 Abrams and Mine-Resistant, Ambush-Protected (MRAP), and weapons systems and munitions, including axles, Hydra-70 rockets, guns and ammunition. In addition, revenues in the group's European military vehicles business were down slightly due to final vehicle deliveries in 2012 on Duro and Eagle wheeled vehicle contracts for the Swiss and German governments, respectively.
General Dynamics expects the Combat Systems group's revenues in 2014 to decrease 4-4.5% from 2013 with operating margins approximating 14%. This outlook assumes approximately $1.2 billion in revenues from an international order expected in the first quarter of 2014.
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 for more than 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, 780 double-V-hulled vehicles, representing two Stryker brigades, have been delivered to the U.S. Army since 2011. In 2012, the group secured contracts to perform hull exchanges to convert previously delivered Stryker vehicles to the double-V-hull configuration. In late 2013, the group received a contract to field the first 96 of 341 vehicles in a third Stryker brigade by 2017.
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. In September 2013, General Dynamics conducted a preliminary design review with the Army under a five-year development contract that provides opportunities for fleet-wide vehicle modernization.
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 approximately 5,600 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 ASCOD tracked infantry vehicles, the Duro and Eagle wheeled vehicles, 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 $120 million in 2013 compared with 2012. The group's U.S. Navy ship-construction programs include SSN 774 Virginia Class submarines, DDG 51 and DDG 1000 destroyers, and Mobile Landing Platform (MLP) auxiliary support ships. The decrease in 2013 construction revenues is due to the completion of the T-AKE combat-logistics ship program in late 2012. Partially offsetting this decrease, revenues increased on the Virginia Class program, primarily due to long-lead material for the initial boats on the next block of submarines. Revenues were higher on engineering and repair programs for the Navy in 2013 due to increased submarine overhaul and repair work. Commercial ship construction revenues increased as work commenced on contracts for Jones Act ships secured in late 2012 and 2013.
General Dynamics expects the Marine Systems group's 2014 revenues to increase 2.5% from 2013 with operating margins approximating 9.5%.
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/AFSB)
-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
and the DDG 51 Arleigh Burke Class
AEGIS guided-missile destroyer.
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 10 of 18 boats under contract in conjunction with Huntington Ingalls Industries which shares in the construction of these vessels. The remaining eight boats under contract are scheduled for delivery through 2018. General Dynamics received advanced funding in 2013 for long-lead materials for submarines in the next block of the program and anticipate being awarded a construction contract in 2014. 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. General Dynamics currently has construction contracts for six DDG-51s, including four awarded in 2013, scheduled for delivery through 2022, as well as an option for an additional ship.
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 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 are 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 first ship in the program is nearly 90% complete.
The group's 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 2013, the group delivered the first ship in the program, and construction is underway on the remaining two ships, scheduled for delivery in 2014 and 2015. The Navy's long-term shipbuilding plan includes procurement of a fourth ship in 2014. The third and fourth ships will be configured as Afloat Forward Staging Bases (AFSBs), designed to facilitate a variety of missions in support of special operations, providing significant new capabilities to the customer.
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. General Dynamics currently has construction contracts for nine ships, including seven secured in 2013, scheduled for delivery through 2017. 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 is a three-part portfolio providing technologies, products and services that address a wide range of military, federal/civilian and commercial information-system needs. General Dynamics provides full-spectrum support for product design, development, integration, production and sustainment in:
•secure mobile communication systems;
•information technology (IT) solutions and mission support services; and
•intelligence, surveillance and reconnaissance (ISR), naval control systems and cyber security solutions.
Financial results for General Dynamics' Information Systems and Technology segment were as follows:
Revenues increased in 2013 in the mobile communication systems business due to higher volume on key programs that received significant production awards in late 2012 or 2013, including the Warfighter Information Network-Tactical (WIN-T), Handheld, Manpack and Small Form-Fit (HMS) and Common Hardware Systems-4 (CHS-4) programs. The IT services business added more than 8,000 employees throughout the year to meet commercial wireless customers' accelerated schedules for IT infrastructure services and to start work on a contract to provide contact-center services for the Centers for Medicare & Medicaid Services, resulting in increased revenues in 2013. Revenues decreased in 2013 across the ISR business driven by lower U.S. defense spending and a slower-than-expected transition to related follow-on work.
General Dynamics expects 2014 revenues in the Information Systems and Technology group to decrease nearly 20% from 2013, largely due to award delays and slowed defense spending on major production programs in the mobile communication systems business. Operating margins are expected to be in the low-8% range.
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-154A Rifleman and AN/PRC-155 two-channel Manpack radios. These products give soldiers secure mobile voice, video and data communications capabilities, similar to those available through commercial cellular networks. 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. The Army has purchased more than 26,000 of these radios from General Dynamics and plans to competitively procure more than 240,000. The company delivers similar communications and information-sharing benefits to federal/civilian customers, including air traffic controller radios to the Federal Aviation Administration (FAA).
Information Systems and Technology also provides many of these capabilities to non-U.S. public agencies and commercial customers. For the Canadian Department of National Defence, General Dynamics developed, deployed and continue to support the Canadian Army's fully integrated, secure combat voice and data network. General Dynamics leveraged this experience to deliver the U.K. MoD's Bowman tactical communication system for which we provide ongoing support and capability upgrades.
IT Solutions and Mission Support Services
The group designs, builds and operates large-scale secure IT networks and systems and provide professional and technical services and solutions to the U.S. defense and intelligence communities; to the Departments of Homeland Security and Health and Human Services, and other federal/civilian agencies; and to commercial and international customers. The group specializes in: secure wireless and wire-line networks, enterprise infrastructure, network operations and maintenance; health IT solutions and services; large-scale data center optimization and modernization; and mission operations, simulation and training systems and services.
IT Solutions and Mission Support Services provides technical-support personnel and domain specialists to help customers execute their missions. Employees develop, install and operate mission systems on a daily basis. The group also supplies network-modernization and IT infrastructure services to U.S. government customers, commercial wireless network providers, and federal, state and local public safety agencies. The group works closely with its customers to ensure their network infrastructures are secure, efficient, scalable and cost-effective. The group is at the forefront of cloud technologies and services. The group is a leading provider in the healthcare IT market, supporting military and other U.S. government health systems with critical citizen services for healthcare reform and medical benefits programs. IT Solutions and Mission Support Services' offerings include data management, analytics, fraud prevention and detection software, process automation and program management solutions for public and commercial health systems. For example, the group is operating approximately 15 customer contact centers for the Centers for Medicare & Medicaid Services, responding to consumer inquiries about key programs and providing call center services for the Patient Protection and Affordable Care Act program.
Intelligence, Surveillance and Reconnaissance Systems
The group designs, builds, deploys and supports ISR, naval control systems and cyber security solutions for customers in the U.S. defense, intelligence and homeland security communities, and to U.S. allies. The group's offerings include: signals and information collection, processing and distribution systems and imagery sensors; cyber security solutions and products; and open-architecture surface and undersea naval control systems.
Information Systems and Technology provides solutions for classified programs. The group's expertise includes multi-intelligence ground systems, command-and-control and reconnaissance systems and large-scale, high-performance data and signal processing. Information Systems and Technology delivers high-reliability, long-life sensors and payloads designed to perform in the most extreme environments, including space payloads and undersea sensor and power systems. In addition, the group's experience in securing and protecting organizations from network attacks has resulted in a market-leading position in cyber security. The group offers comprehensive services and products to help customers protect their networks from internal and external threats and prevent data breaches. For example, the group is supporting the DoD's Cyber Crime Center and the Department of Homeland Security's National Cybersecurity Protection System. The group leverages this expertise to provide investigative, forensic and network remediation services to commercial victims of cyber attacks, including retail and financial services firms.
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 ('13): $31,218M -0.9%
R&D ('13): $310M -17.1%
Net Profit ('13): $2,357M +++
CAPEX ('13): $440M -2.2%
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: G150, G280, G450, G550, G650, G650ER |
|Sales 2009-2013||Net Income 2009-2013||R&D Spending 2009-2013||# Employees 2009-2013|