General Dynamics - M&A Summary and Business Overview

DefenseCompany

General Dynamics M&A Summary

General Dynamics has acquired 32 companies. A total of 9 acquisitions came from private equity firms. It has also divested 6 assets.

General Dynamics’ largest acquisition to date was in 2018, when it acquired CSRA for $12.4B. It’s largest disclosed sale occurred in 1992, when it sold Cessna Aircraft to Textron for $600M. General Dynamics has acquired in 16 different US states, and 4 countries. The Company’s most targeted sectors include information technology (27%) and defense (17%).

General Dynamics Business Overview

Where is General Dynamics headquartered?

General Dynamics is headquartered in Reston, Virginia.

What is General Dynamics’ revenue?

General Dynamics disclosed revenue of 42,272M USD for 2023 and 39,407M USD for 2022.

How many employees does General Dynamics have?

General Dynamics has 100,000 employees.

What sector is General Dynamics in?

General Dynamics is a defense company.

When was General Dynamics founded?

General Dynamics was founded in 1899.

M&A Summary

  • M&A Total Activity36
    • M&A Buy Activity30
    • M&A Sell Activity6
  • Total Sectors Invested 11
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 16
  • M&A Advisors 2

General Dynamics

General Dynamics Corp.

11011 Sunset Hills Road,
Reston, Virginia 20190
United States,
(703) 876-3000
www.gd.com

General Dynamics is an aerospace and defense company. It manufacturers business jets as well as provides combat systems to the US military. General Dynamics was founded in 1952 and is based in Reston, Virginia.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 30 - - - - - 30
vol $28.0B $28.0B
Sell (0.0/yr) # 6 - - - - - 6
vol $621M $621M
  36

Most Recent M&A

Company Date Value Type
CSRA, Inc. 2018-02-12 12.4B USD Add-on Acquisition
Falls Church, Virginia · www.csra.com
Fidelis Cybersecurity, Inc. 2015-04-14 - Divestiture
Bethesda, Maryland · www.fidelissecurity.com
AxleTech International Holdings, Inc. 2015-01-06 - Stake Sale
Oshkosh, Wisconsin · www.axletech.com
Applied Physical Sciences Corp. 2012-12-21 - Add-on Acquisition
Groton, Connecticut · www.aphysci.com
Open Kernel Labs, Inc. (OK Labs) 2012-09-10 - Add-on Acquisition
Chicago, Illinois · www.ok-labs.com
Fidelis Cybersecurity, Inc. 2012-08-20 - Add-on Acquisition
Bethesda, Maryland · www.fidelissecurity.com
IPWireless, Inc. 2012-05-08 - Add-on Acquisition
San Francisco, California · www.ipwireless.com
Force Protection Industries, Inc. 2011-11-07 360M USD Add-on Acquisition
Summerville, South Carolina
Vangent, Inc. 2011-09-30 960M USD Add-on Acquisition
Arlington, Virginia · www.vangent.com
Metro Machine Corp. 2011-09-21 - Add-on Acquisition
Norfolk, Virginia · www.memach.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Jet Aviation,Inc. 2008-08-19 ExecuJet’s Zurich FBO and Hangar Operations 2021-06-25 4
Zurich, Switzerland · www.jetaviation.com Zurich, Switzerland
Jet Aviation,Inc. 2008-08-19 Luxaviation’s Swiss Aircraft Management and Charter Division 2021-06-25 3
Zurich, Switzerland · www.jetaviation.com Zurich, Switzerland
Gulfstream Aerospace Corp. 1999-05-17 Triumph Group, Inc. - G650/700 Assets 2020-08-04 1
Savannah, Georgia · www.gulfstream.com Tulsa, Oklahoma
General Dynamics Information Technology, Inc.    - General Dynamics Information Technology, Inc. - Federal Citizen Engagement Centers 2018-10-09 1
Fairfax, Virginia · www.gdit.com Fairfax, Virginia
Jet Aviation,Inc. 2008-08-19 Hawker Pacific Air 2018-04-12 2
Zurich, Switzerland · www.jetaviation.com , Australia · www.hawkerpacific.com
Jet Aviation,Inc. 2008-08-19 Avjet Corp, - Aircraft Management and Charter Services 2016-03-09 1
Zurich, Switzerland · www.jetaviation.com , United States
General Dynamics Advanced Information Systems, Inc.    - General Dynamics - Advanced Systems Business 2014-10-03 1
Fairfax, Virginia · www.gd-ais.com , Michigan
General Dynamics United Kingdom Ltd.    - Kylmar (KMC) Ltd. 2010-06-22 1
Blackwood, United Kingdom · www.generaldynamics.uk.com Hampshire, United Kingdom · www.kylmar.co.uk
General Dynamics Information Technology, Inc.    - VIPS, Inc. 2008-07-22 1
Fairfax, Virginia · www.gdit.com Baltimore, Maryland · www.vips.com

M&A by Sector

Sector Buy # Value Sell # Value
Information Technology 8 (27%) 17.2B (61%) 1 (17%) -
Aerospace 3 (10%) 8.2B (29%) 3 (50%) 600M (97%)
Defense 5 (17%) 1.4B (5%) - -
Software 3 (10%) - - -
Technology Hardware 3 (10%) - - -
Automotive 2 (7%) 360M (1%) 1 (17%) -
Communications 2 (7%) - - -
Business Services 1 (3%) 960M (3%) 1 (17%) 21M (3%)
Engineering 1 (3%) - - -
Manufacturing 1 (3%) - - -
Marine 1 (3%) - - -
Total 30 $28.0B 6 $621M

By Geo

State/Country Buy Value Sell Value
United States 26 24.5B 6 621M
  Virginia 8 17.1B - -
  Maryland 2 - 2 -
  California 2 - - -
  Arizona 2 1.1B - -
  Kansas 1 700M 1 600M
  Wisconsin 1 - 1 -
  Illinois 1 - - -
  Georgia 1 5.3B - -
  Florida 1 - - -
  Connecticut 1 - - -
  Washington 1 - - -
  South Carolina 1 360M - -
  Pennsylvania 1 - - -
  North Carolina 1 - - -
  Massachusetts 1 - - -
  Maine 1 - - -
  New York - - 1 -
Canada 2 1.4B - -
  Quebec 1 275M - -
  Ontario 1 1.1B - -
Australia 1 - - -
Switzerland 1 2.2B - -
Domestic 26 (87%) 24.5B (87%) 6 (100%) 621M (100%)
Cross-border 4 (13%) 3.6B (13%) - -
Total 30 $28.0B 6 $621M

Top M&A Advisors

Financial Deals
Stone Key Group
1
Legal Deals
Jenner & Block
1

Deal Values

buy # Total
> $1B 7 $25.7B
$100M to $1B 4 $2.3B
TOTAL $28.0B
Largest CSRA, Inc.
$12.4B (2018-02-12)
sell # Total
$100M to $1B 1 $600M
< $100M 1 $21M
TOTAL $621M
Largest Cessna Aircraft Co.
$600M (1992-03-02)

M&A Connections

Deals
Acquired from
Investor(s)
23%
7 (23%)
Strategic(s)
10%
3 (10%)
Divested to
Investor(s)
33%
2 (33%)
Strategic(s)
50%
3 (50%)

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