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General Dynamics

  • Previous Rank383
  • Country
    U.S.
  • Revenues ($M)$36,193.00
  • Revenue Percent Change16.9%
  • Profits ($M)$3,345.00
  • Profits Percent Change14.9%
  • Assets ($M)$45,408.00
  • Employees105,600

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.

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Company Information

CEO
Phebe N. Novakovic
Sector
Aerospace & Defense
Industry
Aerospace and Defense
HQ Location
Falls Church, Va.
Websitehttps://www.generaldynamics.com
Years on Global 500 List19
Employees105,600

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$36,193.0016.9%
Profits ($M)$3,345.0014.9%
Assets ($M)$45,408.00-
Total Stockholder Equity ($M)$11,732.00-

Profit Ratios

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