15 Facts About General Dynamics


General Dynamics Corporation is an American publicly traded, aerospace and defense corporation headquartered in Reston, Virginia.

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General Dynamics is a Fortune 100 company, and was ranked No 83 in 2020.

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General Dynamics's products include Gulfstream business jets, Virginia- and Columbia-class nuclear-powered submarines, Arleigh Burke-class guided-missile destroyers, M1 Abrams tanks and Stryker armored fighting vehicles.

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In 1976, General Dynamics sold Canadair to the Canadian Government for $38 million.

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General Dynamics purchased Convair from the Atlas Group in March 1953.

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General Dynamics purchased Liquid Carbonic Corporation in September 1957 and controlled it as a wholly owned subsidiary until being forced by a Federal antitrust ruling to spin it off to shareholders in January 1969.

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In 1976, General Dynamics sold the struggling Canadair back to the Canadian government for $38 million.

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In 1995, General Dynamics purchased the privately held Bath Iron Works shipyard in Bath, Maine, for $300 million, diversifying its shipbuilding portfolio to include U S Navy surface ships such as guided-missile destroyers.

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In 1997, General Dynamics acquired Computing Devices Ltd based in Hastings, England which had developed avionics and mission systems for the Panavia Tornado, British Aerospace Harrier II and Hawker Siddeley Nimrod.

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In 2018, General Dynamics acquired information technology services giant CSRA for $9.

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General Dynamics has been accused by groups such as Code Pink and Green America of "making money from human suffering by profiting off the migrant children held at U S detention camps" due to its IT services contracts with the Department of Health and Human Services' Office of Refugee Resettlement, the government agency that operates shelters for unaccompanied children to include those separated from their families as part of the Trump administration family separation policy.

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General Dynamics says it has no role in constructing or operating detention centers, and that its contracts to provide training and technical services began in 2000 and have spanned across four presidential administrations.

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General Dynamics had previously served on the board, but resigned and divested before becoming Secretary of Defense.

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In September 2020, General Dynamics announced a strategic counter-drone partnership, providing General Dynamics' global network with access to Dedrone's complete drone detection and defeat technology.

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General Dynamics's shares traded at over $187 per share in 2021, and its market capitalization was valued at US$68.

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