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.
General Dynamics, based in the US, 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.[a]
In the financial year ending 31 December 2015, General Dynamics generated revenues of US$ 31.5 billion (€ 28.8 billion), resulting in an operating income of US$ 4.2 billion (€ 3.8 billion) and a net income of US$ 3.0 billion (€ 2.7 billion).[b]
2941 Fairview Park Drive, Suite 100
Falls Church, Virginia 22042-4513
General Dynamics has for many years been involved in stretching the lifecycle of the Trident II (D5) nuclear missiles of the US Navy.[i] The submarine-launched Trident II (D5) missile is currently aboard US Ohio-class and British Vanguard-class submarines.[ii] The US plans to keep the Trident II missiles deployed until 2042.[iii] In January 2012, General Dynamics Advanced Information Systems (GDAIS) obtained a US$ 95.9 million (€ 75.3 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.[iv]
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, as well as engineering and trade studies on replacement of the common missile department on the new generation submarines. The maximum dollar value, including the base period and one option year, is US$ 217.7 million (€ 159.4 million). Work was expected to be completed by March 2016.[v]
In 2015, GDAIS obtained a contract under the Strategic Weapons Systems Acquisition Plan of the US Navy. This includes sustainment of the fire control systems aboard the US and UK ballistic missile submarines, integrated nuclear weapon security systems and missile flight test systems, and missile fire control for the Ohio replacement and UK Successor Common Missile Compartment Program.[vi] Under this program, GDAIS was awarded a US$30.6 million (€ 28.2 million) contract in December 2015, with work expected be completed by December 2020.[vii] In February 2016, a contract worth US$ 74.0 million (€ 65.7 million) was awarded, also expected to be completed by December 2020.[viii]
In August 2014, General Dynamics Electric Boat was awarded a US$ 9.0 million (€ 6.7 million) contract with a base period and two one-year options 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).[ix]
The following financial institutions have made approximately US$ 30,287 million available to this producer since January 2013.
Adage Capital Management
American Equity Investment Life Holding
American International Group (AIG)
American National Insurance
American United Mutual Insurance
AQR Capital Management
Aristotle Capital Management
Banco Bilbao Vizcaya Argentaria (BBVA)
Bank of America
Bank of New York Mellon
Cathay Life Insurance
Employers Reassurance Corporation
GE Capital Services
Geode Capital Management
Janus Capital Group
Knights of Columbus
Lloyds Banking Group
Longview Asset Management
Mitsubishi UFJ Financial
National Bank of Abu Dhabi
National Western Life Insurance Company
New York Life Insurance
Northwestern Mutual Life Insurance
PNC Financial Services
Power Financial Corporation
Prudential Financial (US)
Royal Bank of Scotland
Sumitomo Mitsui Financial
The London Company of Virginia
Two Sigma Investments
This page was last updated 30 November 2016.
[a] General Dynamics, “About GD”, Website General Dynamics (www.generaldynamics.com/about/), viewed June 2016.
[b] General Dynamics, “Annual Report 2015”, General Dynamics, March 2016.
[i] General Dynamics, “General Dynamics Awarded $110 Million for Procurement of Foundry Services”, News Release General Dynamics, 13 December 2009 (www.generaldynamics.com/news/press-releases/2009/12/general-dynamics-awarded-110-million-procurement-foundry-services);
General Dynamics Mission Systems, “Submarine systems”, Website General Dynamics Mission Systems (gdmissionsystems.com/maritime-strategic/submarine-systems/), viewed june 2016.
[ii] 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 June 2016.
[iii] Strategic Systems Programs Public Affairs, “Back to the Future with Trident Life Extension”, Undersea Warfare, Spring 2012 (http://www.ssp.navy.mil/documents/trident_life_extension.pdf).
[iv] 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 (www.generaldynamics.com/news/press-releases/2012/01/general-dynamics-awarded-96-million-support-trident-ii-submarine).
[v] U.S. Department of Defense, “Daily Contracts List – Contract N00030-14-C-0005”, Website U.S. Department of Defense, 13 December 2013 (archive.defense.gov/Contracts/Contract.aspx?ContractID=5184).
[vi] U.S. Department of the Navy, “Strategic Systems Programs – Class justification and approval for us of other than full and open competition”, U.S. Department of the Navy, September 2015.
[vii] U.S. Department of Defense, “Daily contracts – Modification to contract N00030-16-C-0005”, Website U.S. Department of Defense, 23 December 2015 (www.defense.gov/News/Contracts/Contract-Vie/Article/637941).
[viii] U.S. Department of Defense, “Daily contracts – Modification P00002 to contract N00030-16-C-0005”, Website U.S. Department of Defense, 17 February 2016 (www.defense.gov/News/Contracts/Contract-View/Article/657391).
[ix] U.S. Department of Defense, “Daily contracts – Contract N00030-14-C-0023”, Website U.S. Department of Defense, 20 August 2014 (archive.defense.gov/Contracts/Contract.aspx?ContractID=5356).