General Dynamics

General Dynamics (United States) provides a range of engineering, development, and production activities to support to US and UK Trident II Strategic Weapons Systems. It is also involved in the guidance systems of the Trident II (D5) nuclear missiles of the US Navy.

Company profile

General Dynamics, based in the United States, provides business aviation; land and expeditionary combat systems; armaments and munitions; shipbuilding and marine systems; information systems, technologies, and; mission-critical information systems and technology. 1

 

In the financial year ending 31 December 2014, General Dynamics generated revenues of US$ 30.9 billion (€ 25.4 billion), resulting in an operating income of US$ 3.9 billion (€ 3.2 billion) and a net income of US$ 2.5 billion (€ 2.1 billion). 2

Contact Information

Website: www.gd.com/
Twitter: @GDMS
Facebook: https://www.facebook.com/GDMissionSystems

General Dynamics
2941 Fairview Park Drive, Suite 100
Falls Church, Virginia 22042-4513
+1.703.876.3000

Nuclear weapons

Since 2005, General Dynamics’ Advanced Information Systems (GDAIS) has been involved in a project with Honeywell International and Raytheon to stretch the lifecycle of the guidance systems of the Trident II (D5) nuclear missiles of the US Navy. 3 In January 2012, it obtained another US$ 96 million (€ 75 million) contract for production and deployed-systems support of the Trident II-weapons system, with a maximum contract value of US$ 225 million (€ 173 million) if all options are exercised. 4 The submarine-launched Trident II (D5) missile is currently aboard US Ohio-class and British Vanguard-class submarines. 5 The US plans to keep the Trident II missiles deployed until 2042. 6

In December 2013, GDAIS was awarded a US$ 115 million (€ 84.2 million) contract for a range of engineering, development, and production activities to support to US and UK Trident II Strategic Weapons Systems. The maximum dollar value, including the base period and one option year, is US$ 217.7 million (€ 159.4 million). Work is expected to be completed by March 2016. 7

In August 2014, General Dynamics Electric Boat was awarded a US$ 9.0 million (€ 6.7 million) contract for the ongoing acquisition of the weapons systems shipboard development, integration requirements, and shipboard engineering for refuelling support for the United States and United Kingdom Trident II D5 missile program. The maximum value including base period and two option years is US$ 32.3 million (€ 24.1 million). 8

In January 2015, General Dynamics Advanced Information Systems and C4 Systems were combined to become General Dynamics Mission Systems. 9

Investors

The following financial institutions have made approximately USD 35,674 million available to this producer since January 2012.

  • Allstate (United States)
  • American Equity Investment Life Holding (United States)
  • American Family Mutual Insurance (United States)
  • American International Group (AIG) (United States)
  • American National Insurance (United States)
  • ANZ (Australia)
  • AQR Capital Management (United States)
  • Aquiline Capital Partners (United States)
  • Banco Bilbao Vizcaya Argentaria (BBVA) (Spain)
  • Bank of America (United States)
  • Bank of New York Mellon (United States)
  • Barclays (United Kingdom)
  • BlackRock (United States)
  • BMO Financial Group (Canada)
  • Capital Group (United States)
  • Citadel (United States)
  • Columbia Threadneedle Investments (United States)
  • Crédit Suisse (Switzerland)
  • D.E. Shaw & Co. (United States)
  • Deutsche Bank (Germany)
  • Dimensional Fund Advisors (United States)
  • Evercore (United States)
  • Fidelity Investments (United States)

  • Fiera Capital (Canada)
  • Franklin Resources (United States)
  • GE Capital Services (United States)
  • General Re (United States)
  • Geode Capital Management (United States)
  • Guggenheim Capital (United States)
  • Invesco (United States)
  • Janus Capital Group (United States)
  • JPMorgan Chase (United States)
  • Lloyds Banking Group (United Kingdom)
  • Longview Asset Management (United States)
  • Lord, Abbett & Co (United States)
  • Macquarie Group (Australia)
  • Manulife Financial (Canada)
  • MassMutual Financial (United States)
  • MetLife (United States)
  • Mitsubishi UFJ Financial (Japan)
  • Mizuho Financial (Japan)
  • National Bank of Abu Dhabi (United Arab Emirates)
  • New York Life Insurance Company (United States)
  • Northern Trust (United States)
  • Northwestern Mutual Life Insurance (United States)

  • Old Mutual (United Kingdom)
  • Old Republic International (United States)
  • Orix Corporation (Japan)
  • PNC Financial Services (United States)
  • Power Financial Corporation (Canada)
  • Prudential Financial (US) (United States)
  • Riyad Bank (Saudi Arabia)
  • Royal Bank of Scotland (United Kingdom)
  • Sanders Capital (United States)
  • Santander (Spain)
  • Scotiabank (Canada)
  • State Farm (United States)
  • State Street (United States)
  • Sumitomo Mitsui Financial (Japan)
  • SunTrust (United States)
  • Svenska Handelsbanken (Sweden)
  • TIAA-CREF (United States)
  • Toronto-Dominion Bank (Canada)
  • Travelers (United States)
  • US Bancorp (United States)
  • Vanguard (United States)
  • Wellington Management (United States)
  • Wells Fargo (United States)
  • Williams Capital Group (United States)

This page was last updated 29 October 2015.

Notes

  1. General Dynamics, “About GD”, Website General Dynamics (www.generaldynamics.com/about/), viewed May 2015.
  2. General Dynamics, “Annual Report 2014”, General Dynamics, March 2015.
  3. Defense Industry Daily, “$101.1M to Develop the MK6 LE – So, What’s That?”, Website Defense Industry Daily (www.defenseindustrydaily.com/1011m-to-develop-the-mk6-le-so-whats-that-01627/), viewed May 2015.
  4. General Dynamics Advanced Information Systems, “General Dynamics Awarded $96 Million to Support Trident II Submarine Strategic Weapons Systems”, News Release General Dynamics Advanced Information Systems, 5 January 2012 ().
  5. Lockheed Martin, “Trident II D5 Fleet Balistic Missile (FBM)”, Website Lockheed Martin (www.lockheedmartin.com/us/products/trident-ii-d5-fleet-ballistic-missile–fbm-.html), viewed May 2015.
  6. UK Parliament, “Selected Committee on Defence Eight Report, 2006”, Website UK Parliament (www.publications.parliament.uk/pa/cm200506/cmselect/cmdfence/986/98609.htm), viewed May 2015.
  7. US Department of Defense, “Daily Contracts List – Contract N00030-14-C-0005”, Website U.S. Department of Defense, 13 December 2013 (www.defense.gov/Contracts/Contract.aspx?ContractID=5184).
  8. U.S. Department of Defense, “Daily contracts – Contract N00030-14-C-0023”, Website U.S. Department of Defense, 20 August 2014 (www.defense.gov/Contracts/Contract.aspx?ContractID=5356).
  9. General Dynamics Mission Systems, “Our Mission”, Website General Dynamics (gdmissionsystems.com/about-us/our-mission/), viewed July 2015

Producers

In some nuclear-armed states – in particular the United States, the United Kingdom and France – private companies are hired by governments to carry out work on maintaining and modernising nuclear arsenals. This report looks at companies that are providing the necessary components to develop, test, maintain and modernise nuclear weapons.The contracts these companies have with nuclear armed countries are for materials and services to keep nuclear weapons in their arsenals. The companies described are substantially involved in the nuclear weapons programmes of the United States, the United Kingdom, France, or India and are themselves based in France, India, Italy, the Netherlands, the United Kingdom and the United States.

In other nuclear-armed countries –Russia, China, Pakistan and North Korea – the maintenance and modernization of nuclear forces is carried out primarily or exclusively by government agencies.

Methodology

The nuclear weapon producers identified were selected on the basis of a predetermined set of criteria.
– Information on investments is publicly available.
– The company is directly involved in the development, testing, production, maintenance or trade of nuclear weapons related technology, parts, products or services.
– The company’s involvement is related to warheads, or to delivery systems such as missiles, that are specifically developed for nuclear tasks. This includes technology that is designed for ‘dual use’ (military and civilian) but excludes technology that is not designed for, but can be used in nuclear warfare. It does not include delivery platforms such as bombers and submarines.

State owned or controlled nuclear industries are outside the scope of this research, as are companies not publicly listed. Our research uncovered a number of Universities involved in nuclear weapons programmes, but these are also outside the scope of the report.

The list of nuclear weapon producers investigated was compiled through a wide variety of sources, including financial institution exclusion lists, civil society reports, media reports, etc. Additional details on the contracts and components can be found in the Annex. We welcome information at any time about possible nuclear weapons producing companies to investigate.