History of GD
General Dynamics was incorporated in Delaware in 1952. From that time period to the 1990s, the company provided tanks, rockets, missiles, submarines, warships, fighters and electronics to all of the military services.
In the early 1990s, we sold nearly all of our divisions except for Electric Boat and Land Systems. Starting in the mid-1990s, we began expanding again by acquiring combat vehicle-related businesses, information technology product and service companies, additional shipyards and Gulfstream Aerospace Corporation.
In the 2000s we continued to grow organically and we acquired vehicle, ship-repair, C4ISR and IT companies and purchased Jet Aviation.
Today, we are focused on continuing the growth of General Dynamics by delivering on our promises to our customers and through a “Back to Basics” approach, with a relentless focus on operations and continuous improvement, expanding margins, increasing earnings and return on invested capital and disciplined capital deployment.
Major acquisitions and divestitures that have shaped the company
General Dynamics was formed in 1952 through the combination of the Electric Boat Company, Canadair and several others.1952
The company purchased Convair.1953
The company merged with Material Service Corporation.1959
General Dynamics sold Canadair back to the Canadian government.1976
General Dynamics purchased Chrysler's defense divisions.1982
The company acquired Cessna.1985
With the downturn of the defense industry, the company divested many of its divisions.
In 1992, Cessna was sold to Textron and the San Diego and Pomona missile production units to General Motors-Hughes Aerospace. In 1993, the Fort Worth aircraft production was sold to Lockheed. In 1994, the Space Systems division was sold to Martin Marietta and the remaining Convair Aircraft Structure unit was sold to McDonnell Douglas.1990s
General Dynamics purchased Bath Iron Works.1995
General Dynamics started buying technology-oriented companies.
The company bought Defense Systems from Lockheed Martin, Advanced Technology Systems from Lucent Technologies and Computing Devices International from Ceridian. In 1999, it acquired GTE Government Systems, firmly establishing the footprint of the current Information Systems and Technology group.1997
General Dynamics bought NASSCO.1998
The company acquired Gulfstream Aerospace.1999
Continuing through the 2000s we continued to grow organically and acquired vehicle, ship-repair, aerospace, C4ISR and IT companies.2000s
In 2001, we acquired Motorola Integrated Systems. In 2003, General Dynamics purchased Veridian and Digital Systems Resources (DSR). And in 2006, we purchased Anteon Corporation.2001
General Dynamics purchases Primex Technologies.2001
The company purchased the defense divisions of General Motors.2003
General Dynamics purchased Jet Aviation.2008
The company acquired Vangent.2011
General Dynamics acquired Metro Machine Imperial Docks in 2011 and Earl Industries’ Ship Repair Division in 2012, growing our shipbuilding repair and maintenance operations on both coasts of the United States.2011
General Dynamics receives significant customer contracts, including:
- the largest dollar-value shipbuilding contract in U.S. Navy history, with a $17.6 billion award for the construction of 10 additional Virginia-class submarines.
- an award from the Government of Canada’s Canadian Commercial Corporation valued at $10 billion to provide military and commercial vehicles, training, and support services to a Middle Eastern customer.
- An award for £3.5 billion to deliver 589 SCOUT SV platforms to the British Army.
Gulfstream announced three new large-cabin business-jets: the G500, the G600 and the G650 extended-range (ER).2014