General Dynamics Corporation
Industry: Aerospace & Defense

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 52,000 people worldwide and had 2001 revenues of $12 billion. The company has leading market positions in mission-critical information systems and technologies, land and amphibious combat systems, shipbuilding and marine systems, and business aviation.

Business Summary
General Dynamics Corporation (General Dynamics) is engaged in mission-critical information systems and technologies; land and expeditionary combat vehicles, armaments and munitions; shipbuilding and marine systems, and business aviation. General Dynamics has four primary business groups: Information Systems and Technology, Combat Systems, Marine Systems and Aerospace. It also operates a small Resources group. During the year ended December 31, 2004, the Company acquired Spectrum Astro, Inc. and TriPoint Global Communications Inc. In November 2004, General Dynamics acquired Engineering Technology Inc. In March 2005, the Company acquired the Propulsion Systems business unit of General Dynamics. In April 2005, the Company acquired MAYA Viz Ltd., a privately held company based in Pittsburgh, that provides enhanced visualization and collaboration technologies that support realtime, decision-making.

Financial Summary
For the nine months ended 3 October 2005, General Dynamics Corporation revenues increased 11% to $15.41B. Net income from continuing ops. increased 21% to $1.06B. Revenues reflect increased sales from all major segments of the Group. Net income also reflects significant growth in gross profit margins, decreased interest expense and other non operating expenses. The Company supplies defense sophisticated systems in US and its allies.