General Dynamics Company Description
Military contractor General Dynamics brings it on by land, air, and sea. The company is the Pentagon's fourth largest prime contractor, following Lockheed Martin, Boeing, and Northrop Grumman. The US government accounts for more than two-thirds of sales. With the war in Iraq starting to wind down as the conflict in Afghanistan heats up, General Dynamics expects the US Department of Defense's budget to moderate in the years ahead, especially as the Obama administration closely examines military procurement programs for their effectiveness. The global economic recession is having a chilling effect on the company's sales of business jets, while revenues from aircraft services are healthily growing.
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The Company Description provides a historical perspective of General Dynamics's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of General Dynamics's evolution in the marketplace.
