General Dynamics is a global aerospace and defense company that specializes in high end design engineering and manufacturing to deliver state of the art solutions to its customers. The firm operates through four reportable segments Aerospace Marine Systems Combat Systems and Technologies. It maintains a presence in North America Europe Asia and the Middle East serving governments and commercial clients worldwide. Its mission is to provide innovative reliable and affordable products that support national security and enhance business aviation capabilities. Over many years the company has built a reputation for technical excellence and operational discipline. The firm employs roughly one hundred seventeen thousand people worldwide and operates dozens of manufacturing sites service centers and research facilities.

The company generates revenue primarily from the sale of aircraft and aircraft services from its Aerospace segment from the construction and maintenance of submarines and surface ships from its Marine Systems segment from the production of land combat vehicles weapon systems munitions and engineering services from its Combat Systems segment and from the provision of information technology solutions cybersecurity services and C5ISR systems from its Technologies segment. Revenue is derived from a mix of fixed price cost reimbursement and time and materials contracts with the US government commercial customers in the United States and foreign government and commercial clients worldwide. The Aerospace segment earns income from both new aircraft sales and aftermarket support including maintenance repair overhaul and charter services. The Marine Systems segment receives revenue from new ship construction as well as from lifecycle support modernization and repair work for naval vessels. The Combat Systems segment derives funds from vehicle production weapons ammunition and related engineering services. The Technologies segment generates fees from IT outsourcing cloud services security solutions and mission system integration. In 2025 the Aerospace segment contributed about twenty five percent of total revenue Marine Systems about thirty two percent Combat Systems about seventeen percent and Technologies about twenty six percent.

The company operates through the following segments Aerospace Marine Systems Combat Systems and Technologies. These segments are defined by product lines and customer markets rather than by geography. Each segment is responsible for its own strategy research development manufacturing and sales efforts while the corporate office provides overall capital allocation and governance.

• The Aerospace segment designs manufactures and services business jet aircraft through its Gulfstream and Jet Aviation business units. Gulfstream focuses on the design and production of long range large cabin jets such as the G800 G700 G600 G500 G400 and G300. Jet Aviation provides aircraft management maintenance repair overhaul charter services and fixed base operator operations at locations across four continents. The segment runs research and development programs that target advances in aerodynamics avionics materials and cabin systems to improve speed range fuel efficiency safety and passenger comfort. It also operates a global network of service centers and a 24 hour customer support team known as the Field and Airborne Support Team. The segment also invests in sustainable aviation fuel initiatives to reduce carbon emissions from its aircraft operations.

• The Marine Systems segment is the leading designer and builder of nuclear powered submarines and a major constructor of surface combatant and auxiliary ships for the US Navy. It comprises the Electric Boat Bath Iron Works and NASSCO business units. Electric Boat leads the Columbia class and Virginia class submarine programs. Bath Iron Works builds Arleigh Burke class destroyers and provides modernization for those vessels. NASSCO constructs Expeditionary Sea Base vessels and John Lewis class oilers and performs repair work for navy and commercial ships. The segment invests in shipyard expansions workforce training and supply chain development to meet future demand for submarines and surface ships. It also offers maintenance modernization and lifecycle support services that extend the operational life of naval assets. The segment collaborates with allied navies to provide technical support and training for submarine operations.

• The Combat Systems segment is a premier manufacturer and integrator of land combat solutions worldwide. It consists of the Land Systems European Land Systems and Ordnance and Tactical Systems business units. Land Systems produces the Abrams main battle tank the Stryker wheeled combat vehicle and various other tracked and wheeled armored platforms for the US Army and allied forces. European Land Systems manufactures Piranha based vehicles and related variants for customers in Europe and other regions. Ordnance and Tactical Systems supplies weapon systems munitions artillery rockets and small caliber ammunition to ground air and sea forces. The segment also provides engineering and other services that support modernization sustainment and upgrade of existing military equipment. The segment continues to develop next generation platforms such as the M1E3 Abrams tank and the XM30 infantry combat vehicle to meet future battlefield requirements.

• The Technologies segment delivers a full spectrum of services technologies and products to military intelligence federal civilian and state customers. It is organized into the Information Technology GDIT and Mission Systems business units. GDIT provides IT outsourcing cloud computing cybersecurity artificial intelligence machine learning application development high performance computing and 5G communications to federal agencies. Mission Systems designs and produces secure communications encryption systems radar electronic warfare equipment space domain hardware and unmanned undersea vehicle technology. Together these units offer services such as network modernization data analysis command and control solutions and mission critical hardware for defense and civilian missions. The segment also pursues partnerships with commercial technology firms to bring cutting edge innovations to government customers.

General Dynamics holds a leading position in both the business aviation and defense markets. Its competitive advantages stem from technical excellence reliability safety cost competitiveness the ability to innovate and develop new products successful program execution on time delivery a global footprint and strong customer relationships. In the Aerospace segment it competes with other business jet manufacturers on the basis of safety performance comfort service quality and technological innovation. In the Marine Systems segment its primary competitor is a partner on the Virginia class submarine program and a subcontractor on the Columbia class program while also facing competition from other US shipyards for commercial and repair work. The Combat Systems segment contends with numerous domestic and foreign firms that produce land vehicles weapon systems and munitions. The Technologies segment competes with large government contractors commercial technology companies and niche providers of specialized IT and cyber solutions. The company’s long history of past performance and its reputation for meeting tough program requirements help it win new contracts and retain existing ones. Its diversified portfolio across multiple defense and aviation markets reduces reliance on any single program and supports steady financial performance.

The company's customer base is diverse. In 2025 approximately 68 percent of consolidated revenue came from the US government 15 percent from US commercial customers 8 percent from non US government customers and 9 percent from non US commercial customers. The US government business includes the Department of War other federal agencies and foreign military sales facilitated through the US government. US commercial revenue is driven mainly by sales of business jet aircraft and related services to individuals and private and publicly held companies across many industries. Non US revenue consists of aircraft exports and services to foreign corporations and governments as well as defense sales to allied nations through various channels. Specific customers named in the filing include the United States Department of War the United States Navy the United States Army the United States Air Force the National Geospatial Intelligence Agency the Centers for Medicare and Medicaid Services and various allied foreign ministries of defense. Additionally the company serves corporate operators of business jets and owners of commercial vessels that require repair and maintenance services. The company maintains long term relationships with many of its largest customers which contributes to predictable revenue streams.