General Dynamics builds warships, nuclear submarines, combat vehicles, and munitions for the U.S. military and allied governments, plus Gulfstream business jets for corporations and private owners. Gulfstream designs large, long-range jets and maintains them through its own service centers and completion shops. A separate technologies arm runs IT, cybersecurity, and command-and-control systems for defense and federal civilian agencies. The company earns its money from multiyear government contracts for ships, vehicles, and services, and the rest from selling and servicing jets. General Dynamics was founded in 1952 and is based in Reston, Virginia.
Company Size
10,001+
Company Stage
IPO
Headquarters
Reston, Virginia
Founded
1952
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Deep elected CEO of General Dynamics, Novakovic to executive chairman. RESTON, Virginia - General Dynamics (NYSE:GD) announced today that its board of directors has elected Danny Deep, who currently serves as president of the company, to be CEO, effective January 1, 2027. Deep will succeed Phebe Novakovic, who will transition to executive chairman after serving as CEO since 2013. "Danny is a highly skilled executive with rich operating experience. It has been a pleasure working closely with him and I am certain he will be an outstanding CEO," said Novakovic. "I very much look forward to our continuing collaboration." "On behalf of the board, we thank Phebe for her outstanding leadership and lasting contributions to General Dynamics," said Laura J. Schumacher, independent lead director. "Phebe has led with vision, integrity and a deep commitment to our people and our Ethos. We have greatly benefitted from her efforts in setting a clear strategic vision, creating enduring value and in building a strong and capable leadership team." "We look forward to her continuing role with the company and to working together with Danny," said Schumacher. "We have every confidence that he will continue the outstanding leadership and legacy that Phebe has exemplified." "Phebe has been an extraordinary leader for General Dynamics, and I am grateful for the close partnership we've shared and the opportunity to continue working together in the future," said Deep. "I am profoundly honored to be selected as the next CEO of General Dynamics and humbled and deeply thankful for the board's confidence." Deep has been with the company for 25 years, serving in positions of increasing responsibility. Before becoming president of the company in 2025, he served as executive vice president of Global Operations, executive vice president of Combat Systems, and president of Land Systems. Headquartered in Reston, Virginia, General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapon systems and munitions; and technology products and services. General Dynamics employs more than 120,000 people worldwide and generated $52.6 billion in revenue in 2025. More information is available at www.gd.com.
Nedzbala appointed interim president of GDIT. General Dynamics announced today that Paul Nedzbala, who currently serves as senior vice president and chief business officer at GDIT, has been appointed acting president of GDIT. Nedzbala joined GDIT in 2018 when it acquired CSRA, where he served for 19 years in a variety of roles, including executive vice president. "Paul is a proven leader who bring decades of experience in federal IT services," said Phebe Novakovic, chairman and chief executive officer. "We are grateful for his willingness to serve in an interim capacity until a new GDIT president is named." Amy Gilliland, who joined General Dynamics in 2005 and has served as president of GDIT since 2017, is no longer with the company. "We thank Amy for her contributions to our company and wish her all the best in her future endeavors," said Novakovic.
Jim Cramer recommended Lockheed Martin over General Dynamics during a Mad Money segment, citing stronger fundamentals despite both being sound investments. General Dynamics reported Q2 revenue of $14.1 billion, up 8.1% year-over-year, whilst Lockheed Martin posted $20.1 billion, an 11% increase. Lockheed secured $65 billion in new orders versus General Dynamics' $20 billion, pushing Lockheed's backlog to a record $230 billion — nearly $94 billion more than General Dynamics. Lockheed trades at approximately 16.50 times forward earnings compared to General Dynamics' 20.12 multiple. Lockheed also benefits from stronger exposure to accelerating missile programme demand. Cramer cautioned that future federal deficit control measures could constrain military spending, presenting risks to both defence contractors.
General Dynamics reported second-quarter 2026 results that beat consensus expectations, with revenue and earnings growth across all four segments. The company now holds a record backlog of $136.5 billion. The share price has risen 13.14% over 90 days, whilst the five-year total shareholder return stands at 119.50%. Following the results, General Dynamics Information Technology also secured a contract win. According to one valuation narrative, the stock trades at $392.05 against a fair value estimate of $414.17, suggesting it is around 5% undervalued. Analysts expect revenue to grow 4.1% annually over three years, with profit margins expanding from 8.2% to 9.0%. A discounted cash flow model presents a contrasting view, valuing the company at $383.07, which would indicate a modest premium at current prices.
General Dynamics Electric Boat has secured $71.6 billion in contracts to build 14 submarines for the US Navy, part of a broader $76.6 billion Navy award. The company will receive $29.5 billion for five Columbia-class submarines and $42.1 billion for nine Virginia-class submarines, plus additional support for shipyard infrastructure. Mark Rayha, president of General Dynamics Electric Boat, said the contracts provide demand certainty needed to continue investing in capacity and workforce expansion to deliver on schedule. The Groton, Connecticut-based company designs and builds nuclear submarines for the US Navy and employs more than 27,000 people. Parent company General Dynamics generated $52.6 billion in revenue in 2025.