May 3, 2011 Comments Off on General Dynamics
General Dynamics is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and mission-critical information systems and technology.
The company was formed in 1952 through the combination of the Electric Boat Company, Consolidated Vultee (CONVAIR) and several others. Since then, they have been a leader of innovation and creativity in the marine, aerospace, defense, communications and electronics industries.
The company grew organically and through acquisitions until the early 1990s, when they sold many of their defense-related businesses. They began expanding again in 1995, by acquiring additional shipyards and combat vehicle-related businesses. In 1997 they started buying companies that are expert in information-technology products and services. In 1999 General Dynamics acquired Gulfstream Aerospace Corp., a global leader of the business-jet aircraft industry, and expanded their business-jet service capabilities through the acquisition of Jet Aviation in 2008.
Since 1997 General Dynamics has acquired more than 50 companies. Their revenue has grown from $4 billion to approximately $32 billion in that time and their workforce has increased from 29,000 to approximately 90,000 employees today.
The company is organized into four business groups: Aerospace, Combat Systems, Information Systems and Technology and Marine Systems. Each business group is a leader in the markets it serves, as a result of the careful development of a portfolio of relevant, affordable products and services.