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 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]

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

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]

 

Investors

The following financial institutions have made approximately US$ 30,287 million available to this producer since January 2013.

Adage Capital Management

Allstate

American Equity Investment Life Holding

American Family

American International Group (AIG)

American National Insurance

American United Mutual Insurance

Ameriprise Financial

ANZ

AQR Capital Management

Aristotle Capital Management

Banco Bilbao Vizcaya Argentaria (BBVA)

Bank of America

Bank of New York Mellon

BlackRock

Capital Group

Cathay Life Insurance

Cigna

Deutsche Bank

Employers Reassurance Corporation

Evercore

Fidelity Investments

Fiera Capital

Franklin Resources

GE Capital Services

General Re

Geode Capital Management

Guggenheim Capital

Invesco

Janus Capital Group

JPMorgan Chase

Knights of Columbus

Legg Mason

Lloyds Banking Group

Longview Asset Management

Macquarie Group

Manulife Financial

MassMutual Financial

Mitsubishi UFJ Financial

Mizuho Financial

National Bank of Abu Dhabi

National Western Life Insurance Company

New York Life Insurance

Northern Trust

Northwestern Mutual Life Insurance

Old Mutual

Orix Corporation

PNC Financial Services

Power Financial Corporation

Prudential Financial (US)

Riyad Bank

Royal Bank of Scotland

Sanders Capital

Scotiabank

Securian

State Farm

State Fund

State Street

Sumitomo Mitsui Financial

The London Company of Virginia

Thrivent Financial

TIAA-CREF

Toronto-Dominion Bank

Travelers

Two Sigma Investments

US Bancorp

Vanguard

Wellington Management

Wells Fargo

This page was last updated 30 November 2016.

Notes

[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).

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.