By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Military Contractor
  • Home
  • Technology
  • Unmanned Systems

    Department of Defense Seeks Vendors for Sub-Scale UAS Surveillance Radar Tracking System

    Unmanned and Intelligent: The Rise of AI in Military Systems

    Elbit Systems UK to Deliver Advanced Magni-X Drones to British Army

    GA-ASI’s Collaborative Combat Aircraft System Passes Live Combat Simulation Test

    The Increasing Competitiveness for American Drones Act: Streamlining Approvals for BVLOS Flights

  • Expert Interviews
  • Contact
Reading: General Dynamics’ Role in the Defense Contracting World
Military Contractor
Aa
  • News
  • Contracts
  • Technology
  • Manned Aviation
  • Unmanned Systems
  • Expert Interviews
Search
  • Home
  • News
  • Contracts
  • Technology
  • Unmanned Systems
  • Manned Aviation
  • Expert Interviews
  • Contact
Have an existing account? Sign In
Follow US
  • Home
  • News
  • Contracts
  • Technology
  • Unmanned Systems
  • Manned Aviation
  • Expert Interviews
  • Contact
© Military Contractor News Network. All Rights Reserved.
Military Contractor > News > General Dynamics’ Role in the Defense Contracting World
NewsUncategorized

General Dynamics’ Role in the Defense Contracting World

Uncovering the dominance and impact of General Dynamics in the defense industry

Military Contractor
Last updated: 2023/01/13 at 4:53 AM
Military Contractor 2 Min Read
Share
SHARE
  • General Dynamics is one of the "Big Five" military contractors, leading the pack in terms of defense revenue and backorders for weapons systems.
  • The company has an impressive revenue of $38 billion and profits of $3 billion, with a market capitalization of over $60 billion.
  • General Dynamics has 31 contracts with the U.S. Army alone, and is involved in the development of notable weapons systems such as air and missile defense systems, main battle tanks, and reconnaissance drones.

The Defense Budget is the largest discretionary item of the Federal Budget, totaling approximately $750 billion in 2021. A large portion of this budget goes to the private sector, including defense contractors. Several defense contractors have annual revenue above $50 billion, with General Dynamics, one of the so-called “Big Five” military contractors, leading the pack.

The Big Five military contractors, which also include Boeing, Lockheed Martin, Northrop Grumman, and Raytheon, not only have billions of dollars of defense revenue per year, but they also have tens of billions of dollars in backorders for weapons systems that are built over multiple year periods.

General Dynamics, headquartered in Reston, Virginia, has an impressive revenue of just above $38 billion and profits of just over $3 billion. Its market capitalization is over $60 billion. The company has 31 contracts with the Army alone, based on the most recent Army Weapon Systems Handbook for 2020-2021, published by the U.S. Army. Notable weapons systems in development include air and missile defense planning and control systems, Abrams main battle tanks, mortar weapons systems, and Stryker brigade combat team.

It’s worth noting that outside of the Big Five, the production of major weapons systems involve numerous lesser known companies, such as North Carolina-based Collins Aerospace, one of the contractors for the Tactical Unmanned Aircraft System, a high-tech reconnaissance drone.

In conclusion, General Dynamics is one of the largest defense contractors in the world, with a significant portion of the defense budget allocated to the company and its weapons systems. Its impressive revenue, profits and market capitalization are a testament to the company’s influence and significance in the defense industry.

Military Contractor January 13, 2023
Share this Article
Facebook Twitter LinkedIn Email Copy Link Print
By Military Contractor
Follow:
Military Contractor is the premier source for news and analysis on the latest developments in military technology, unmanned aerial vehicles (UAVs), aviation, and defense contracts. Our team of experienced journalists, industry experts, and analysts bring you in-depth coverage of the industry’s most important stories and trends. With a focus on providing actionable insights and analysis for military professionals, contractors, and industry stakeholders, we offer a unique perspective on the issues and challenges facing the sector today. From cutting-edge technology to complex procurement processes, Military Contractor is your one-stop-shop for the latest news and intelligence on the defense industry. Stay informed, stay ahead of the curve, with Military Contractor.
Previous Article Revolutionizing Military Logistics: The Future Potential of 3D Printing
Next Article Big Corporations Dominate Military Defense Contracts, Small Businesses Left Behind
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertise on Military Contractor
Ad imageAd image
Popular
India Approves $522 Million Budget for Procurement of Weapons from Domestic Companies
January 12, 2023 3 Min Read
Unmanned and Intelligent: The Rise of AI in Military Systems
January 12, 2023 4 Min Read
Elbit Systems UK to Deliver Advanced Magni-X Drones to British Army
January 15, 2023 2 Min Read
Department of Defense Seeks Vendors for Sub-Scale UAS Surveillance Radar Tracking System
January 12, 2023 3 Min Read
Follow Us!
Connect with us on LinkedIn
Ad imageAd image

You Might Also Like

Unmanned Systems

The Increasing Competitiveness for American Drones Act: Streamlining Approvals for BVLOS Flights

Washington, D.C. - In a major move to streamline the…

3 Min Read
Unmanned Systems

GA-ASI’s Collaborative Combat Aircraft System Passes Live Combat Simulation Test

General Atomics Aeronautical Systems (GA-ASI) has successfully conducted a flight…

2 Min Read
News

Elbit Systems UK to Deliver Advanced Magni-X Drones to British Army

Elbit Systems UK has been awarded a contract to supply…

2 Min Read
News

Revolutionizing Military Communications: US Army Adopts Google Workspace for 180,000+ Personnel

The US Army is making a big change in the…

2 Min Read
Military Contractor
Follow US

© Military Contractor News Network. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?