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Encyclopedia > General Dynamics
General Dynamics Corporation
Type Public (NYSE: GD)
Founded Falls Church, Virginia (February 21, 1952)
Headquarters Falls Church, Virginia
Key people Nicholas D. Chabraja, Chairman and CEO
Industry Defense
Products Conglomerate
Revenue $24.06 Billion USD (2006)
Net income $1.71 Billion USD (2006)
Employees 81,200 (2007)
Website www.gd.com

General Dynamics Corporation (NYSEGD) is a defense conglomerate formed by mergers and divestitures, and as of 2006 it is the sixth largest defense contractor in the world[2]. The company has changed markedly in the post-Cold War era of defense consolidation. The company has four main business segments: Marine Systems, Combat Systems, Information Systems and Technology, and Aerospace. The company's former Fort Worth Division manufactured the F-16, the most-produced Western jet fighter, but that subsidiary was sold to Lockheed in 1993. New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) is one of the largest stock exchanges in the world. ... Coordinates: Country United States State Virginia County Independent City Founded 1875 Government  - Mayor Robin Gardner Area  - City  2. ... is the 52nd day of the year in the Gregorian calendar. ... Year 1952 (MCMLII) was a leap year starting on Tuesday (link will display full calendar) of the Gregorian calendar. ... Coordinates: Country United States State Virginia County Independent City Founded 1875 Government  - Mayor Robin Gardner Area  - City  2. ... Nicholas D. Chabraja is the CEO of General Dynamics Corp. ... In military science, defense (or defence) is the art of preventing an enemy from conquering territory. ... Conglomerate is the term used to describe a large company which consists of divisions of often seemingly unrelated businesses. ... Look up revenue in Wiktionary, the free dictionary. ... Image File history File links No higher resolution available. ... ISO 4217 Code USD User(s) the United States, the British Indian Ocean Territory,[1] the British Virgin Islands, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Caicos Islands, and the insular areas of the United States Inflation 2. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Image File history File links No higher resolution available. ... ISO 4217 Code USD User(s) the United States, the British Indian Ocean Territory,[1] the British Virgin Islands, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Caicos Islands, and the insular areas of the United States Inflation 2. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... For the album by the Kaiser Chiefs see Employment (album) Employment is a contract between two parties, one being the employer and the other being the employee. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos and other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... Conglomerate is the term used to describe a large company which consists of divisions of often seemingly unrelated businesses. ... The phrase mergers and acquisitions or M&A refers to the aspect of corporate finance strategy and management dealing with the merging and acquiring of different companies as well as assets. ... Divestment (divestiture) is a term in finance and economics. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... A defense contractor (sometimes called a military contractor) is a business organization or individual that provides products or services to a defense department of a government. ... For other uses, see Cold War (disambiguation). ... Lockheed/BAE/Northrop F-35 Lockheed Trident missile C-130 Hercules; in production since the 1950s, now as the C-130J Lockheed Martin (NYSE: LMT) is an aerospace manufacturer formed in 1995 by the merger of Lockheed Corporation with Martin Marietta. ...


The company was formed in 1952 from a merger of submarine contractor Electric Boat Company (founded 1899) and Canadair (founded 1944), though Electric Boat had owned controlling interest in Canadair since 1946. The Electric Boat Company is the founding unit and parent company to General Dynamics. Electric Boat is the nucleus around which General Dynamics has grown. The company can trace its origins back to February 7, 1899, when it was incorporated as Electric Boat in the state of New Jersey. USS Virginia, a Virginia-class nuclear attack (SSN) submarine Alvin in 1978, a year after first exploring hydrothermal vents. ... While most boats on the water today are powered by diesel engines, and sail power and gasoline engines are also popular, it is perfectly feasible to power boats by electricity too. ... Canadair Sabre (Golden Hawks aerobatic team) display at the Canadian Warplane Heritage Museum, Mount Hope, Ontario Canadair was a civil and military aircraft manufacturer in Canada. ... is the 38th day of the year in the Gregorian calendar. ... Year 1899 (MDCCCXCIX) was a common year starting on Sunday (link will display the full calendar) of the Gregorian calendar (or a common year starting on Friday [1] of the 12-day-slower Julian calendar). ...

Contents

Marine Systems

Bath Iron Works from NAS Brunswick photo gallery Bath Iron Works (BIW) is a shipyard located on the Kennebec River in Bath, Maine. ... While most boats on the water today are powered by diesel engines, and sail power and gasoline engines are also popular, it is perfectly feasible to power boats by electricity too. ... National Steel and Shipbuilding Company or simply NASSCO is a shipyard in San Diego, California, and a division of General Dynamics. ...

Combat Systems

General Dynamics (NYSE: GD) is a defense conglomerate formed by mergers and divestitures. ... The M1 Abrams main battle tank is the principal combat tank of the United States Army and the United States Marine Corps, with three main versions being deployed starting in 1980: the M1, M1A1, and M1A2. ... The M1 Abrams main battle tank is the principal combat tank of the United States Army and the United States Marine Corps, with three main versions being deployed starting in 1980: the M1, M1A1, and M1A2. ... USMC Expeditionary Fighting Vehicle. ... The Stryker is a family of eight-wheeled all wheel drive (AWD) armored combat vehicles (ACVs) produced by General Dynamics Land Systems, in current use by the US Army. ... The XM2001 Crusader was to be the United States Armys next-generation self-propelled howitzer (SPH), designed to improve survivability, lethality, mobility, and effectiveness and planned to be introduced by 2008. ... General Dynamics (NYSE: GD) is a defense conglomerate formed by mergers and divestitures, and as of 2005 it is the sixth largest defense contractor in the world[1]. The company has changed markedly in the post-Cold War era of defense consolidation. ... Steyr-Daimler-Puch was a large manufacturing conglomerate based in Steyr, Austria. ... GD redirects here. ...

Information Systems & Technology

Aerospace

Gulfstream G200 Gulfstream Aerospace Corporation is a producer of several models of private jets. ...

History

Legacy and Acquisitions

  • 1899 - Electric Boat was established and became General Dynamics in 1952
  • 1946 - Canadair purchased from the Canadian government
  • 1953 - Convair merged with General Dynamics[3]
  • 1959 - Henry Crown acquires company and becomes majority shareholder.
  • 1962-1963 - Convair-produced Mercury-Atlas rockets launches four manned Mercury missions into low Earth orbit, including John Glenn.
  • 1971-1985 David S. Lewis, Jr., was chairman and chief executive officer. During his tenure, General Dynamics’ revenues and earnings quadrupled.
  • 1982 - Formed General Dynamics Combat Systems after the acquisition of Chrysler's combat systems.
  • 1995 - Acquired Bath Iron Works from Prudential Insurance, established in 1890
  • 1996 - Acquired Teledyne Vehicle Systems.
  • 1997 - Acquired Lockheed Martin Defense Systems and Lockheed Martin Armament Systems.
  • 1997 - Acquired Advanced Technology Systems, formerly an operating unit of Lucent Technologies.
  • 1997 - Acquired Computing Devices International, formerly a division of Ceridian Corporation.
  • 1998 - Acquired National Steel and Shipbuilding Company, established in 1905.
  • 1999 - Acquired Gulfstream Aerospace from Forstmann Little, the company was founded in 1958.
  • 1999 - Acquired GTE Government Systems, Communication Systems, Electronic Systems and Worldwide Telecommunication Systems Divisions.
  • 2001 - Acquired Galaxy Aerospace Company from Israeli Aircraft Industries (IAI)
  • 2001 - GD Decision Systems formed (and later merged with General Dynamics C4 Systems) after acquisition of Motorola's Integrated Information Systems Group.
  • 2002 - Acquired Advanced Technical Products.
  • 2003 - Acquired GM Defense from General Motors.
  • 2003 - Acquired Steyr Daimler Puch Spezialfahrzeug (SSF) from an Austrian investor group, which bought the company in 1998 from the Steyr-Daimler-Puch-conglomerate. SSF is now part of "General Dynamics European Land Combat Systems" which includes also the Spanish Santa Bárbara Sistemas and the Swiss MOWAG, and has its headquarters in Vienna, Austria.
  • 2003 - Acquired Veridian and Digital Systems Resources.
  • 2003 - Acquired Datron’s Intercontinental Manufacturing Company (IMCO) Unit.
  • 2004 - Acquired Spectrum Astro.
  • 2005 - Acquired FC Business Systems.
  • 2005 - Acquired Tadpole Computer.
  • 2006 - Acquired Anteon International.

Electric Boat, a division of General Dynamics Corporation, is a major contractor for submarine work for the United States Navy. ... Canadair Sabre (Golden Hawks aerobatic team) display at the Canadian Warplane Heritage Museum, Mount Hope, Ontario Canadair was a civil and military aircraft manufacturer in Canada. ... The Consolidated Vultee Aircraft Corporation, universally known as Convair, was the result of a 1943 merger between Consolidated Aircraft and Vultee Aircraft, resulting in a leading aircraft manufacturer of the United States. ... Mercury Atlas 9 rocket and capsule on pad The Atlas is a venerable line of space launch vehicles built by Lockheed Martin. ... Project Mercury was the first human spaceflight program of the United States. ... For other persons named John Glenn, see John Glenn (disambiguation). ... David Lewis, 1983 David Sloan Lewis, Jr. ... The Chrysler Corporation was a United States-based automobile manufacturer that existed independently from 1925–1998. ... Bath Iron Works from NAS Brunswick photo gallery Bath Iron Works (BIW) is a shipyard located on the Kennebec River in Bath, Maine. ... This article refers to Prudential Financial, based in the United States. ... 1890 (MDCCCXC) was a common year starting on Wednesday (see link for calendar) of the Gregorian calendar (or a common year starting on Friday of the Julian calendar). ... On September 30, 1996, AT&T spun off its Systems and Technology units (AT&T Technologies, Inc. ... Ceridian Corporation (NYSE: CEN) is a leading information services company in the human resources, transportation and retail markets. ... National Steel and Shipbuilding Company or simply NASSCO is a shipyard in San Diego, California, and a division of General Dynamics. ... Gulfstream G200 Gulfstream Aerospace Corporation is a producer of several models of private jets. ... Forstmann, Little & Company is a private equity firm, specializing in leveraged buyouts (LBOs). ... Gulfstream G200 Gulfstream Aerospace Corporation is located in Savannah, Georgia, United States, and has been a unit of General Dynamics since 2001. ... Israel Aircraft Industries or IAI is Israels prime aerospace and aviation manufacturer, producing aerial systems for both military and civilian usage. ... Motorola Inc. ... GM Defense was the military products division of General Motors and later sold to General Dynamics in 2003. ... General Motors Corporation (NYSE: GM), also known as GM, is an American automobile maker with worldwide operations and brands including Buick, Cadillac, Chevrolet, GMC, Holden, Hummer, Opel, Pontiac, Saturn, Saab and Vauxhall. ... Steyr-Daimler-Puch was a large manufacturing conglomerate based in Steyr, Austria. ... MOWAG is a Swiss company which develops, designs and produces armoured vehicles for military applications in both land-only and amphibious configurations. ... “Wien” redirects here. ... // Veridian was the name of a publicly traded company operating primarily in the defense industry. ... Digital System Resources is a provider of advanced systems for the DoD and has become a success story for the militarys SBIR program. ... Tadpole Computer is a manufacturer of UNIX workstation and thin client laptops and lightweight servers. ...

Divestitures

This article is about the construction material. ... General Atomics is a nuclear physics and defense contractor in southern California. ... Gulf Oil was a major global oil company from the 1900s to the 1980s. ... Canadair Sabre (Golden Hawks aerobatic team) display at the Canadian Warplane Heritage Museum, Mount Hope, Ontario Canadair was a civil and military aircraft manufacturer in Canada. ... Expropriation is the act of removing from control the owner of an item of property. ... This article describes the Canadian province. ... Asbestos Corporation Limited (ACL) is a Canadian asbestos mining company. ... Computer Sciences Corporation (CSC) is a software services company headquartered in El Segundo, California, USA. CSCs history began in April 1959 when it was founded by Roy Nutt and Fletcher Jones, with the goal of providing programming tools such as assemblers and compilers. ... Hughes developed the AIM-120 AMRAAM, one of the worlds most advanced air-to-air missiles Hughes Aircraft Company was a major defence/aerospace company founded by Howard Hughes. ... Cessna Aircraft Company, headquartered in Wichita, Kansas, is a manufacturer of general aviation aircraft, from small two-seat, single-engine aircraft to business jets. ... Founded in 1923 as the Special Yarns Company by Royal Little, Textron NYSE: TXT, today is a multi-industry company with a portfolio of familiar brands such as Bell Helicopter, E-Z-GO, Cessna Aircraft, and Greenlee, among others. ... The Lockheed SR-71 was remarkably advanced for its time and remains unsurpassed in many areas of performance. ... Martin Marietta Corporation was founded in 1961 through the merger of The Martin Company and American-Marietta Corporation. ... An aerostructure is a component of an aircrafts airframe. ... DC-10, retired from American Airlines fleet at gate McDonnell Douglas was a major American aerospace manufacturer, producing a number of famous commercial and military aircraft. ...

Corporate governance

Current members of the board of directors of General Dynamics are: Nicholas Chabraja, James Crown, Lester Crown, William Fricks, Charles Goodman, Jay L. Johnson, George Joulwan, Paul Kaminski, John Keane, Lester Lyles, Carl Mundy, and Robert Walmsley. In relation to a company, a director is an officer (that is, someone who works for the company) charged with the conduct and management of its affairs. ... Nicholas D. Chabraja is the CEO of General Dynamics Corp. ... James S. Crown is a businessman. ... Lester Crown (born 1926) is the son of Chicago financier Henry Crown (d. ... Hickory Cluster in Reston, Virginia Charles M. Goodman was an architect who made a name for his modern designs in Northern Virginia after World War II. While his work has a regional feel, he ignored the colonial revival look so popular in Virginia. ... Admiral Jay L. Johnson Born in Great Falls, Mont. ... George Joulwan (born 19XX) was a U.S. general. ... General Lester Lyles is a commander and chief of the Wright Patterson Air Force Base in Dayton, OH. What his position entails is that he conducts research develops, test and evaluate, and provides the acquisition managers service and logistics support which is necessary to keep the Air Force weapons system... Carl Epting Mundy Jr. ... Robert Walmsley was born in Aberdeen in 1941 and was educated at Fettes College in Edinburgh. ...


Financials

General Dynamics has about $12 billion in sales, primarily military, but also civilian with its Gulfstream Aerospace unit and conventional ship-building and repair with its National Steel and Shipbuilding subsidiary.


In 2004 General Dynamics bid for the UK company Alvis Vickers, the leading British manufacturer of armoured vehicles. In March the board of Alvis Vickers voted in favour of the £309m takeover. However at the last minute BAE Systems offered £355m for the company in what was seen as a move to keep General Dynamics out of its "back yard". This deal was finalised in June 2004. The Vickers corporation, founded as the Vickers company in 1828, was a British manufacturer, primarily of military equipment. ... BAE Systems plc is the worlds third largest defence contractor,[3] the largest in Europe and a commercial aerospace manufacturer. ...


General Dynamics has tried to acquire Newport News Shipbuilding but been blocked by regulators and competitors, as this would make General Dynamics the sole manufacturer of nuclear-powered ships in the United States. The newly constructed USS Birmingham is launched from the Newport News yards in 1942 Northrop Grumman Newport News (NGNN), formerly called Newport News Shipbuilding and Drydock Company (NNS&DD or simply NNS), is the largest privately owned shipyard in the United States and the only one that can build Nimitz...


Controlled subsidiaries of the corporation are donors to the Canadian Defence and Foreign Affairs Institute [1]. The Canadian Defence and Foreign Affairs Institute is a Calgary, Alberta-based Canadian lobbying organization. ...


References

  1. ^ http://finance.yahoo.com/q/ks?s=GD
  2. ^ 2005 Defense News Top 100
  3. ^ General Dynamics Corporation. U.S. Centennial of Flight Commission. Retrieved on 2006-03-31.
  • Patents owned by General Dynamics Corporation. US Patent & Trademark Office. URL accessed on 5 December 2005.
  • International Directory of Company Histories under General Dynamics Corporation, St. James Press/The Gale Group. Also, International Directory of Company Histories, volume 86, under General Dynamics/Electric Boat Corporation. Published July, 2007, pp.136-139.
  • "Who Built Those Subs?", by John P. Holland's primary biographer and submarine historian, Dr. Richard Knowles Morris, PhD; Published by The United States Naval Institute Press in Naval History Magazine - October 1998 (125th Anniversary issue).
  • The Defender: The Story of General Dynamics, by Roger Franklin, published by Harper&Row 1986.

Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... March 31 is the 90th day of the year in the Gregorian calendar (91st in leap years), with 275 days remaining. ... December 5 is the 339th day (340th in leap years) of the year in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ...

External links


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