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      2. GD (NYSE) $179.63 October 11, 2019 04:02PM

        Our History

        A long history of continuous improvement


        Incorporated in 1952, General Dynamics is proud of its history serving the aerospace and defense communities.


        From 1952 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 our entire portfolio except for our military-vehicle and submarine businesses. Starting in the mid-1990s, we began expanding again by acquiring Gulfstream Aerospace Corporation, combat-vehicle-related businesses, IT product and service companies and additional shipyards, forming the foundation of our company today.


        We continue to expand our business through organic growth and acquisitions. We focus on delivering superior products and services to our customers, and creating value for our shareholders through a relentless focus on operational excellence and continuous improvement.


        Major Events that Have Shaped the Company

         

        2019

        • G600 certified by the FAA, first customer deliveries
        • GDIT awarded $2 billion State Department global supply chain contract
        • G650ER breaks speed record for longest business jet flight in history
        • Electric Boat awarded $2 billion contract for Virginia-class advance material
        • G280 sets city pair record using sustainable fuel
        • U.S. Army orders 174 updated Abrams tanks from General Dynamics Land Systems

         

        2018

        • CSRA acquired for $9.7 billion, the largest acquisition in company history, and integrated with GDIT
        • FAA certifies new G500 aircraft, first customer deliveries
        • Acquired Hawker Pacific, adding 19 locations in Asia-Pacific and Middle East to the Aerospace global footprint.
        • Increased the range of the G600, to 5,500 nautical miles at Mach 0.9, a 700-nautical mile increase over original projections.
        • Received contracts totaling $4.8 billion for the construction of DDG-51s
        • Acquired Germany's FWW Fahrzeugwerk GmbH; established General Dynamics European Land Systems–Deutschland

         

        2017

        • Received a $5.1 billion contract to complete the design and prototype development for the Columbia-class submarine.
        • Delivered the first SEPv3 Abrams tank to the U.S. Army.
        • Delivered the first ship in the DDG-51 restart program.
        • Announced an increase in the range of the G500 and G600 to 4,400 and 5,100 nautical miles, respectively, at 0.9 Mach.
        • Expanded Jet Aviation’s service network with an FBO at Washington Dulles International Airport and new FBOs in Massachusetts and Dubai.

         


        2016

        • Electric Boat named prime contractor for the Columbia-class submarine program and cut steel for the first hull in August.
        • Gulfstream delivered the 200th aircraft in the G650 family and the 100th G280.
        • Jet Aviation expanded its West Coast presence with the Avjet acquisition and the opening of its eighth U.S. FBO at Van Nuys Airport.
        • General Dynamics Mission Systems acquires UUV manufacturer Bluefin Robotics.

         

        2015

        • Gulfstream receives Robert J. Collier Trophy, the National Aeronautic Association’s highest award, for the G650.
        • Electric Boat ramps-up construction of two-submarines per year on the U.S. Navy’s Virginia-class submarine program.
        • NASSCO delivers six commercial ships and signs a two-ship contract with Matson, Inc.

         


        2014

        • Gulfstream announces three new large-cabin business-jets: the G500, the G600 and the G650 extended-range (ER).
        • Awarded $17.6 billion for construction of 10 additional Virginia-class submarines, the largest dollar-value shipbuilding contract in U.S. Navy history
        • Established General Dynamics European Land Systems-Czech

         


        2013

        • Phebe N. Novakovic becomes chairman and chief executive officer

         

         

        2012

        • Acquired Earl Industries’ Ship Repair Division, growing NASSCO's shipbuilding repair and maintenance operations on both coasts

         

         

        2011

        • Acquired Vangent, a leading provider of healthcare information technology and business systems to federal agencies
        • Acquired Metro Machine Imperial Docks in Norfolk, Virginia

         


        2008

        • Purchased Jet Aviation, a global business aviation service provider based in Switzerland

         


        2006

        • Purchased Anteon International Corp., integrating it with GDIT

         

         

        2004

        • Acquired Swiss vehicle manufacturer MOWAG, as part of General Dynamics European Land Systems

         

         

        2003

        • Purchased General Motors Defense, Veridian and Digital Systems Resources (DSR)
        • Purchased Austrian vehicle manufacturer Steyr-Daimler-Puch Spezialfahrzeug, and established General Dynamics European Land Systems

         

         

        2002

        • Purchased German company EWK Eisenwerke Kaiserslautern, renaming it General Dynamics European Land Systems-Germany

         

        2001

        • Purchased Spain's Santa Bárbara Sistemas, one of the world's oldest arms manufacturers, which started making cannons in 1540.
        • Acquired Motorola Integrated Systems and Primex Technologies.

         


        1999

        • Acquired Gulfstream Aerospace
        • Acquired GTE Government Systems

         

         

        1998

        • Acquired NASSCO

         


        1997

        • Acquired Advanced Technology Systems from Lucent Technologies
        • Acquired Computing Devices International from Ceridian
        • Acquired Armament Systems and Defense Systems from Lockheed Martin

         

         

        1995

        • Acquired Bath Iron Works

         


        1990 - 1994

        • With the downturn in the defense industry, the company divested many of its divisions.  In 1991, the company sold its Data Systems Division. In 1992, Cessna and its electronics and missile businesses were sold. In 1993, the Fort Worth aircraft production business was sold. In 1994, the company sold the Space division and the remaining Convair Aircraft Structure unit.

         

        1985

        • Acquired Cessna Aircraft Company\.

         


        1982

        • Acquired Chrysler Defense; General Dynamics Land Systems formed

         


        1976

        • Canadair sold to the Canadian government

         


        1959

        • General Dynamics merges with Material Service Corporation

         

        1954

        • USS Nautilus, the world's first nuclear-powered submarine, is christened at Electric Boat

        1953

        • Acquired Convair

         


        1952

        • General Dynamics is formed through the combination of the Electric Boat Company, Canadair and several others.

         


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