General Dynamics (GD)
Builds Gulfstream jets, Navy ships, combat vehicles and government mission technology.
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The U.S. government provides most of General Dynamics’ revenue through long-running defense programs; Gulfstream business jets and their support network make up the commercial side. Navy shipbuilding is pulling ahead as submarine work expands, while newer jets and government technology provide the other large engines.
Item facts: FY2025 · year ended Dec 31, 2025, from filings, earnings calls and company pages.
Judgment weights, not filed revenue
The band summarizes business focus and direction. ~ marks estimates.
8 in detail · 11 more below
Columbia- and Virginia-class submarines
The largest disclosed business and a major piece of the company’s $136.5B order book. The constraint is not demand but whether shipyards can hire, receive critical materials and keep work moving on schedule.
Competes with Virginia and Columbia submarine modules (HII Newport News) · Astute and Dreadnought submarines (BAE Systems)
In plain English
Picture an enormous submarine being built a section at a time over many years. Electric Boat leads the work, while HII Newport News builds some sections and shares construction. The customer is the U.S. Navy, which funds the Columbia and Virginia programs through annual government budgets.
General Dynamics earns money as engineers and shipbuilders complete measured portions of the job, long before a finished vessel leaves the yard. That makes the order book unusually durable, but it also makes skilled workers, well-timed materials and steady public funding the pace setters.
DDG-51, ESB and T-AO-205 surface ships
Bath Iron Works and NASSCO generated $2.93B building destroyers, sea bases and oilers. Destroyers extend into the next decade, while the final sea base nears completion; watch yard labor, materials and sea trials.
Competes with DDG-51 destroyers (HII Ingalls) · Constellation frigates (Fincantieri)
In plain English
These are the Navy vessels that stay on the surface: heavily equipped destroyers plus ships that serve as floating bases or carry fuel. Bath Iron Works builds and updates the destroyers; NASSCO builds the other two types.
The Navy pays for years of cutting steel, assembling blocks, installing equipment and testing each ship. Eleven destroyers were still scheduled for work through the early next decade, and seven oilers stretched to the decade’s end. The final sea base was due sooner, so the mix of vessels will change even while the yards remain busy.
GDIT information technology services
A $9.06B business that builds, moves, protects and runs government computer systems. Much of the work keeps essential systems operating; watch agency budgets, contract renewals and access to workers cleared for sensitive projects.
Competes with Government computer modernization (Leidos) · Government network and data services (Booz Allen)
In plain English
The unglamorous digital plumbing behind government work. GDIT connects agency computers, moves programs onto rented computing power, guards networks and keeps large systems running for customers including military, health and intelligence agencies.
Agencies hire it through multiyear agreements, then place specific jobs under those agreements as needs and budgets arrive. They keep paying because replacing an essential payment, data or communications system is risky and slow. The catch is that future extensions are choices, not promises, and each returning job can be competed again.
Mission Systems C5ISR solutions
Secure radios, computer tools and links that help military units see, talk and coordinate. Its international business grew 35% from 2024 through July 2026; watch approvals, export limits and the difficulty of joining many systems together.
Competes with Tactical communications (L3Harris) · Secure airborne data links (Collins Aerospace)
In plain English
Think of this as the military’s protected nervous system. The long acronym C5ISR covers the radios, secure links, computer tools and sensing connections that let commanders gather information, give instructions and coordinate ships, vehicles, aircraft and ground units.
Mission Systems sells both the boxes and the software inside them, often as part of a much larger vehicle or vessel. Governments pay for new equipment, integration and later upgrades. The value lies in making many different machines work together securely, so approvals and testing can decide when a sale becomes real work.
Gulfstream aircraft family
Gulfstream made $9.41B selling completed business jets, with newer G700 and G800 aircraft taking the lead. Money arrives mainly when buyers accept finished planes, so deliveries, supplier quality and customer sign-off matter.
Competes with Global 8000 (Bombardier) · Falcon 10X (Dassault Aviation)
In plain English
A Gulfstream is a high-end business jet sold as a finished, fitted-out aircraft. The active family runs from the G500 and G600 to the newer G700 and G800, while the G400 and G300 are still on their way.
Corporate, private and government buyers place deposits and wait through manufacturing and cabin completion. Most of the aircraft sale is counted only when the buyer inspects and accepts the jet—more like closing on a house than paying for an ordinary ticket. That makes the delivery calendar, not just factory activity, the heartbeat of this business.
Gulfstream Customer Support and Jet Aviation
A $3.70B after-sale business spanning repairs, parts, airport ground support, aircraft management, charter and cabin work. Thousands of Gulfstreams already flying create repeat demand; watch flight activity and skilled-worker availability.
Competes with Business-airport service network (Signature Aviation) · Private-jet maintenance and cabin work (Lufthansa Technik)
In plain English
Once a jet leaves the factory, it starts a second life as a service customer. Gulfstream Customer Support fixes and supplies its own aircraft; Jet Aviation also fuels and handles planes at airports, manages them for owners, arranges charter flights and completes cabins.
Owners pay whenever aircraft fly, need scheduled checks, require replacement parts or need someone else to manage daily operations. It resembles the workshop behind a luxury car showroom, except the relationship can last for decades and covers far more than repairs. A growing fleet feeds this steadier stream of repeat work.
Abrams, Stryker and international military vehicles
A $4.97B family of tracked and wheeled military vehicles. Large European orders helped offset lower U.S. production after one program ended; watch the handoff from older vehicles to new designs and export approvals.
Competes with Leopard 2A8 and KF51 tanks (KNDS and Rheinmetall) · Boxer 8×8 armored vehicle (ARTEC)
In plain English
This is the armored-vehicle garage: heavy tracked machines such as Abrams, wheeled vehicles such as Stryker, and a broad European family including Piranha, Pandur, ASCOD, Eagle and Duro. General Dynamics builds new vehicles and supports ones already in service.
Armies pay through long purchasing programs that can include development, batches of vehicles and later upkeep. European orders filled much of the gap as U.S. legacy-vehicle production weakened. The business now depends on factories moving smoothly between mature models and their replacements without an empty stretch between them.
Ordnance and Tactical Systems
A $3.10B supplier of ammunition, artillery parts, gun systems and missile components. Restocking and training support demand, but safe factories and qualified suppliers take time to expand; watch whether added capacity reaches steady output.
Competes with Medium- and large-caliber ammunition (Northrop Grumman) · 155 mm and medium-caliber ammunition (Rheinmetall)
In plain English
Here the products are the things armed forces use up: ammunition for training and operations, plus parts for artillery, guns and missiles. That repeat use makes the business closer to a working pantry than a one-time vehicle purchase—stocks must be replaced after they are drawn down.
The U.S. Army and allied militaries pay for production batches and programs that enlarge factories. General Dynamics earns as those goods and components are made and delivered. Demand can arrive quickly, but extra output cannot: explosive materials, safety permits, specialized plants and approved suppliers make expansion a careful, gradual process.
Columbia- and Virginia-class submarinesThe largest disclosed business and a major piece of the company’s $136.5B order book. The constraint is not demand but whether shipyards can hire, receive critical materials and keep work moving on schedule.The largest disclosed business and a major piece of the company’s $136.5B order book. The constraint is not demand but whether shipyards can hire, receive critical materials and keep work moving on schedule.
In plain English
Picture an enormous submarine being built a section at a time over many years. Electric Boat leads the work, while HII Newport News builds some sections and shares construction. The customer is the U.S. Navy, which funds the Columbia and Virginia programs through annual government budgets.
General Dynamics earns money as engineers and shipbuilders complete measured portions of the job, long before a finished vessel leaves the yard. That makes the order book unusually durable, but it also makes skilled workers, well-timed materials and steady public funding the pace setters.
Competes with Virginia and Columbia submarine modules (HII Newport News) · Astute and Dreadnought submarines (BAE Systems)
DDG-51, ESB and T-AO-205 surface shipsBath Iron Works and NASSCO generated $2.93B building destroyers, sea bases and oilers. Destroyers extend into the next decade, while the final sea base nears completion; watch yard labor, materials and sea trials.Bath Iron Works and NASSCO generated $2.93B building destroyers, sea bases and oilers. Destroyers extend into the next decade, while the final sea base nears completion; watch yard labor, materials and sea trials.
In plain English
These are the Navy vessels that stay on the surface: heavily equipped destroyers plus ships that serve as floating bases or carry fuel. Bath Iron Works builds and updates the destroyers; NASSCO builds the other two types.
The Navy pays for years of cutting steel, assembling blocks, installing equipment and testing each ship. Eleven destroyers were still scheduled for work through the early next decade, and seven oilers stretched to the decade’s end. The final sea base was due sooner, so the mix of vessels will change even while the yards remain busy.
Competes with DDG-51 destroyers (HII Ingalls) · Constellation frigates (Fincantieri)
GDIT information technology servicesA $9.06B business that builds, moves, protects and runs government computer systems. Much of the work keeps essential systems operating; watch agency budgets, contract renewals and access to workers cleared for sensitive projects.A $9.06B business that builds, moves, protects and runs government computer systems. Much of the work keeps essential systems operating; watch agency budgets, contract renewals and access to workers cleared for sensitive projects.
In plain English
The unglamorous digital plumbing behind government work. GDIT connects agency computers, moves programs onto rented computing power, guards networks and keeps large systems running for customers including military, health and intelligence agencies.
Agencies hire it through multiyear agreements, then place specific jobs under those agreements as needs and budgets arrive. They keep paying because replacing an essential payment, data or communications system is risky and slow. The catch is that future extensions are choices, not promises, and each returning job can be competed again.
Competes with Government computer modernization (Leidos) · Government network and data services (Booz Allen)
Mission Systems C5ISR solutionsSecure radios, computer tools and links that help military units see, talk and coordinate. Its international business grew 35% from 2024 through July 2026; watch approvals, export limits and the difficulty of joining many systems together.Secure radios, computer tools and links that help military units see, talk and coordinate. Its international business grew 35% from 2024 through July 2026; watch approvals, export limits and the difficulty of joining many systems together.
In plain English
Think of this as the military’s protected nervous system. The long acronym C5ISR covers the radios, secure links, computer tools and sensing connections that let commanders gather information, give instructions and coordinate ships, vehicles, aircraft and ground units.
Mission Systems sells both the boxes and the software inside them, often as part of a much larger vehicle or vessel. Governments pay for new equipment, integration and later upgrades. The value lies in making many different machines work together securely, so approvals and testing can decide when a sale becomes real work.
Competes with Tactical communications (L3Harris) · Secure airborne data links (Collins Aerospace)
Gulfstream aircraft familyGulfstream made $9.41B selling completed business jets, with newer G700 and G800 aircraft taking the lead. Money arrives mainly when buyers accept finished planes, so deliveries, supplier quality and customer sign-off matter.Gulfstream made $9.41B selling completed business jets, with newer G700 and G800 aircraft taking the lead. Money arrives mainly when buyers accept finished planes, so deliveries, supplier quality and customer sign-off matter.
In plain English
A Gulfstream is a high-end business jet sold as a finished, fitted-out aircraft. The active family runs from the G500 and G600 to the newer G700 and G800, while the G400 and G300 are still on their way.
Corporate, private and government buyers place deposits and wait through manufacturing and cabin completion. Most of the aircraft sale is counted only when the buyer inspects and accepts the jet—more like closing on a house than paying for an ordinary ticket. That makes the delivery calendar, not just factory activity, the heartbeat of this business.
Competes with Global 8000 (Bombardier) · Falcon 10X (Dassault Aviation)
Gulfstream Customer Support and Jet AviationA $3.70B after-sale business spanning repairs, parts, airport ground support, aircraft management, charter and cabin work. Thousands of Gulfstreams already flying create repeat demand; watch flight activity and skilled-worker availability.A $3.70B after-sale business spanning repairs, parts, airport ground support, aircraft management, charter and cabin work. Thousands of Gulfstreams already flying create repeat demand; watch flight activity and skilled-worker availability.
In plain English
Once a jet leaves the factory, it starts a second life as a service customer. Gulfstream Customer Support fixes and supplies its own aircraft; Jet Aviation also fuels and handles planes at airports, manages them for owners, arranges charter flights and completes cabins.
Owners pay whenever aircraft fly, need scheduled checks, require replacement parts or need someone else to manage daily operations. It resembles the workshop behind a luxury car showroom, except the relationship can last for decades and covers far more than repairs. A growing fleet feeds this steadier stream of repeat work.
Competes with Business-airport service network (Signature Aviation) · Private-jet maintenance and cabin work (Lufthansa Technik)
Abrams, Stryker and international military vehiclesA $4.97B family of tracked and wheeled military vehicles. Large European orders helped offset lower U.S. production after one program ended; watch the handoff from older vehicles to new designs and export approvals.A $4.97B family of tracked and wheeled military vehicles. Large European orders helped offset lower U.S. production after one program ended; watch the handoff from older vehicles to new designs and export approvals.
In plain English
This is the armored-vehicle garage: heavy tracked machines such as Abrams, wheeled vehicles such as Stryker, and a broad European family including Piranha, Pandur, ASCOD, Eagle and Duro. General Dynamics builds new vehicles and supports ones already in service.
Armies pay through long purchasing programs that can include development, batches of vehicles and later upkeep. European orders filled much of the gap as U.S. legacy-vehicle production weakened. The business now depends on factories moving smoothly between mature models and their replacements without an empty stretch between them.
Competes with Leopard 2A8 and KF51 tanks (KNDS and Rheinmetall) · Boxer 8×8 armored vehicle (ARTEC)
Ordnance and Tactical SystemsA $3.10B supplier of ammunition, artillery parts, gun systems and missile components. Restocking and training support demand, but safe factories and qualified suppliers take time to expand; watch whether added capacity reaches steady output.A $3.10B supplier of ammunition, artillery parts, gun systems and missile components. Restocking and training support demand, but safe factories and qualified suppliers take time to expand; watch whether added capacity reaches steady output.
In plain English
Here the products are the things armed forces use up: ammunition for training and operations, plus parts for artillery, guns and missiles. That repeat use makes the business closer to a working pantry than a one-time vehicle purchase—stocks must be replaced after they are drawn down.
The U.S. Army and allied militaries pay for production batches and programs that enlarge factories. General Dynamics earns as those goods and components are made and delivered. Demand can arrive quickly, but extra output cannot: explosive materials, safety permits, specialized plants and approved suppliers make expansion a careful, gradual process.
Competes with Medium- and large-caliber ammunition (Northrop Grumman) · 155 mm and medium-caliber ammunition (Rheinmetall)
Named in filings, launches and programs
- Marine repair and other servicesService$1.18B of ship maintenance, repair and related work, completing the Navy shipbuilding lane.
- ENOCSCustomer program · AnnouncedArmy National Guard network operations and security work worth up to $1.3B if all six added years are used.
- SACSSCustomer programNavy work worth up to $988M to update ship and aircraft communications, command and intelligence systems.
- G400Product · Pre-revenueA new large-cabin Gulfstream in development, with fuller schedule details still to come.
- G300Product · Pre-revenueThe announced G280 replacement, aiming for first deliveries in late 2027 or early 2028.
- FY2025 international vehicle awardsCustomer program$9.2B of combined tracked and wheeled vehicle orders; the buyers and individual program amounts were only partly identified.
- Next-generation Abrams awardCustomer program$1.0B of work supporting M1E3 development and related tasks inside the military-vehicle business.
- XM30 Mechanized Infantry Combat VehicleProduct · RampingA Land Systems development program expected to deliver eight prototypes during 2026.
- Advanced Reconnaissance VehicleProduct · RampingA U.S. Marine Corps development program planning three initial versions inside military vehicles.
- FY2025 munitions and ordnance awardsCustomer program$3.3B of combined orders whose buyers and product mix were not separately identified.
- Combat engineering and other servicesService$1.17B of engineering and other work that completes the land vehicles and weapons lane.
Marine repair and other servicesService
$1.18B of ship maintenance, repair and related work, completing the Navy shipbuilding lane.
ENOCSCustomer program · Announced
Army National Guard network operations and security work worth up to $1.3B if all six added years are used.
SACSSCustomer program
Navy work worth up to $988M to update ship and aircraft communications, command and intelligence systems.
G400Product · Pre-revenue
A new large-cabin Gulfstream in development, with fuller schedule details still to come.
G300Product · Pre-revenue
The announced G280 replacement, aiming for first deliveries in late 2027 or early 2028.
FY2025 international vehicle awardsCustomer program
$9.2B of combined tracked and wheeled vehicle orders; the buyers and individual program amounts were only partly identified.
Next-generation Abrams awardCustomer program
$1.0B of work supporting M1E3 development and related tasks inside the military-vehicle business.
XM30 Mechanized Infantry Combat VehicleProduct · Ramping
A Land Systems development program expected to deliver eight prototypes during 2026.
Advanced Reconnaissance VehicleProduct · Ramping
A U.S. Marine Corps development program planning three initial versions inside military vehicles.
FY2025 munitions and ordnance awardsCustomer program
$3.3B of combined orders whose buyers and product mix were not separately identified.
Combat engineering and other servicesService
$1.17B of engineering and other work that completes the land vehicles and weapons lane.