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Another defense contractor, another banner year: General Dynamics raked in $36 billion in revenue in 2018, an increase of 16.9%, and annual profits of $3.3 billion, up 14.9%. Though the Virginia company is known for building nuclear-powered submarines (annual revenue in its marine systems division was $8.5 billion, up 6%) and Gulfstream jets (aerospace division revenue was $8.5 billion, up 4%) alike, it saw the most growth this year in its information technology unit—an 88% annual uptick, to $8.3 billion—courtesy of its acquisition of services company CSRA. But what a pro-military administration giveth, it also taketh away: General Dynamics experienced hundreds of millions of dollars’ worth of payment delays from Saudi Arabia in the wake of the murder of outspoken journalist Jamal Khashoggi. The defense company’s business relationships with the troubled American ally—as well as its role providing support services for migrant children separated from their parents under U.S. immigration enforcement rules—has generated public criticism of General Dynamics. It hasn’t blunted its momentum: The company kicked off this year by winning a $714 million Abrams tank contract.

Company Info

Phebe N. Novakovic
CEO Title
Chairman & Chief Executive Officer
Aerospace & Defense
Aerospace and Defense
HQ Location
Falls Church, Va.
Years on Fortune 500 List65

General Dynamics Rank History


Key Financials (Last Fiscal Year)

$ millions% change
Revenues ($M)$36,193.016.9%
Profits ($M)$3,345.014.9%
Assets ($M)$45,408.0-
Total Stockholder Equity ($M)$11,732.0-

Profit Ratios

Profit as % of Revenues9.2%
Profits as % of Assets7.4%
Profits as % of Stockholder Equity28.5%

Earnings Per Share (Last Fiscal Year)

Earnings Per Share ($)11.18
EPS % Change (from 2017)16.9%
EPS % Change (5 year annual rate)10.9%
EPS % Change (10 year annual rate)6.1%

Total Return

Total Return to Investors (2018)-21.3%
Total Return to Investors (5 year, annualized)12.6%
Total Return to Investors (10 year, annualized)13.1%