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Home > Fortune 500 Companies > Genl Dynamics
Genl Dynamics
Genl Dynamics is a publicly traded company having a good stock performance result. Genl Dynamics is a fortune 500 stock listed company trading under GD. General Dynamics is a defense conglomerate formed by mergers and divestitures and as of 2005. It is the sixth largest defense contractor in the world. The company has changed markedly in the post Cold War era of defense consolidation.
General Dynamics Information Systems & Technology is a leading integrator of systems, technology and products that create decisive advantages for its military and government customer’s communication and information management needs.
They integrate commercial off-the-shelf and custom-engineered products to deliver command, control, communications, computing, intelligence, surveillance provides information-assurance solutions, offer advanced software and electronics systems development services and design, engineer install and support networks globally.
Partnering with the defense community and applying world-class technology, engineering and program management capabilities. General Dynamics delivers integrated low-risk, high-value systems of systems that enable their customers to achieve their missions. General Dynamics has about 12 billion dollars in sales, primarily military, but also civilian with its Gulf Stream Aerospace unit and conventional ship-building and repair with its National Steel and Shipbuilding subsidiary.
NEW YORK General Dynamics ranks no. 100 on this year's list of the FORTUNE 500, with 21,290 million dollars in revenues, up 8.9 percent from the previous year. March 31, General Dynamics Corp. gave its chief executive a 42 percent pay raise for 2005 including restricted stock worth more than 5 million dollars, as the defense contractor reported sharply higher profit amid strong U.S. defense spending.
The year before Chabraja, who has been General Dynamics CEO since 1997, got 1.25 million dollars salary, 2.7 million dollars bonus and restricted stock worth 2.7 million dollars. The pay raise comes as General Dynamics' business is booming, on strong demand for its tanks and land fighting systems for use by U.S. troops in Iraq and Afghanistan and continued high spending by the Pentagon on all types of weapons systems.
Last year General Dynamics reported net income of 1.46 billion dollars, up 19 percent from the year before. Revenue rose 11 percent to 21.1 billion dollars. General Dynamics' stock rose 9 percent in 2005 and is up a further 13 percent so far this year hitting an all-time high last week. Its shares were down 23 cents at 64.03 dollars on Friday on the New York Stock Exchange.
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