General Dynamics

General Dynamics is involved in producing components for the US and UK Trident II (D5) nuclear armed submarine launched ballistic missiles.

Nuclear Weapons |  Investments (years compared) (2021) (2020) (2019)

Company Profile

General Dynamics is an aerospace and military company. It produces business jets, combat vehicles, command and control systems and nuclear submarines.1 General Dynamics is involved in producing components for the US and UK Trident II (D5) nuclear-armed submarine-launched ballistic missiles. In the financial year ending 31 December 2021, General Dynamics reported revenues of $ 38.5 billion.2

Stock exchange listing

NYSE: GD

Contact information

General Dynamics
11011 Sunset Hills Road
Reston, Virginia 20190
+1.703.876.3000
Website: http://www.gd.com/
LinkedIn: https://www.linkedin.com/company/general-dynamics/
Twitter: https://twitter.com/generaldynamics

Nuclear weapons

General Dynamics is responsible for integrating Trident nuclear weapons for the US Columbia-class program and the UK Dreadnought-class submarines.3 In October 2022, General Dynamics was awarded a $18.1 million contract to provide US Trident II Strategic Weapon System Kings Bay Trident Trainer Facility kit and engineering support services.4  While General Dynamics receives contracts through the US contract system, sometimes this is for work only on UK weapons. An example of this is a $64.8 million six-year contract, awarded in 2019, for the Strategic Weapon System Fire Control Subsystem hardware, associated deliverables, and spares for the second hull of the UK Dreadnought Class ballistic missile submarines. 5

General Dynamics Mission Systems has a $339.1 million contract for US and UK Trident II (D-5) Fleet Ballistic Missile Submarines Fire Control System and other support through December 2024.6 In July 2022, General Dynamics Mission Systems was awarded a second contract to support development, production and installation of fire control systems for the Columbia and Dreadnought ballistic missile submarine classes.7 The contract is valued at $272.9 million and work is expected to be completed in June 2028.8

General Dynamics is also part of the Northrop Grumman Ground Based Strategic Deterrent (GBSD) team, working on command-and-control systems for these new US nuclear missiles.9

Investments

Investments compared

Click on the institution to see if and how they've invested in the past. Red indicates a new investor in 2021. Green indicates investors that ended their involvement by 2021.

2022 Investments

2022

[table id=47 /]
2021 Investments

2021

93 Financial institutions made $55,616.1 million available in the research period January 2019- January 2021.

All forms of financing meeting the definition of substantive financial relationships are included in the report. This comprises financial institutions participating in loans and underwriting deals since 1 January 2019, as well as those involved in loans which have been closed before that date but have not yet matured before 1 October 2020. For (managing) investments in shares or bonds of arms companies, a group-level threshold of at least 0.5% of the outstanding shares or bonds at most recent filing dates is applied per financial institution.

2020 Investments

2020

85 Financial institutions made $54,207.0 million available in the research period January 2018-2020.

This comprises financial institutions participating in loans and underwriting deals since 1 January 2018, as well as those involved in loans which have been closed before that date but have not yet matured before 1 October 2019. For (managing) investments in shares or bonds of arms companies, a group-level threshold of at least 0.5% of the outstanding shares or bonds at most recent filing dates is applied per financial institution.

2019 Investments

2019

85 Financial institutions made $62,297.0 million available in the research period January 2017-2019.

This comprises financial institutions participating in loans and underwriting deals since 1 January 2017, as well as those involved in loans which have been closed before that date but have not yet matured before 1 October 2018. For (managing) investments in shares or bonds of arms companies, a group-level threshold of at least 0.5% of the outstanding shares or bonds at most recent filing dates is applied per financial institution.

Last updated: 2023-07-06 14:44:08

Notes

 

  1. Innovation Spanning Every Sector (2022) | General Dynamics. Available at: https://www.gd.com/.
  2. ‘Annual Report 2021’, General Dynamics (2022), p.4. Available at: https://s22.q4cdn.com/891946778/files/doc_financials/2021/ar/GD_2021-AR_Final_Bookmarked.pdf.
  3. Strategic Weapon Deterrence (2022) | General Dynamics Mission Systems. Available at: https://gdmissionsystems.com/command-and-control/strategic-weapon-deterrence.
  4. Contracts for October 14, 2022 (2022) U.S. Department of Defense. Available at: https://www.defense.gov/News/Contracts/Contract/Article/3189269/(Accessed: 18 October 2022).
  5. Contracts for August 22, 2019 (2019) U.S. Department of Defense. Available at: https://www.defense.gov/News/Contracts/Contract/Article/1941859// (Accessed: 29 September 2022)
  6. Contracts for December 16, 2019 (2019) U.S. Department of Defense. Available at: https://www.defense.gov/News/Contracts/Contract/Article/2041268// (Accessed: 29 September 2022); CONTRACT to GENERAL DYNAMICS MISSION SYSTEMS, INC. | USAspending, 1 October 2019. Available at: https://usaspending.gov/award/CONT_AWD_N0003020C0005_9700_-NONE-_-NONE- (Accessed: 13 October 2022).
  7. Contracts for July 14, 2022 (2022) U.S. Department of Defense. Available at: https://www.defense.gov/News/Contracts/Contract/Article/3093802/ (Accessed: 17 October 2022); General Dynamics Mission Systems Awarded $272.9 Million Contract for U.S. and U.K. Submarine Fire Control Systems. General Dynamics Mission Systems, 20 July 2022. Available at: https://gdmissionsystems.com/articles/2022/07/20/news-release-general-dynamics-awarded-contract-for-columbia-submarine-fire-control-systems.
  8. Ibid.
  9. Mehta, Aaron,‘Northrop teams with Lockheed on ICBM replacement. Here’s who else is involved’, Defense News, 16 September 2019. Available at: https://www.defensenews.com/digital-show-dailies/afa-air-space/2019/09/16/northrop-teams-with-lockheed-on-icbm-replacement-heres-who-else-is-involved/.