Jul 2022
General Dynamics Mission Systems buys Progeny Systems
Seller: undisclosed
UndisclosedClosed Jul 2022
Company
General Dynamics
General Dynamics is a global aerospace and defense company that designs, engineers and manufactures business jets, combat vehicles, submarines and ships, and IT and C5ISR systems. ↗
| Headquarters | Reston, VA ↗ |
|---|---|
| Leadership | Phebe N. Novakovic, Chairman and CEO ↗ |
| Employees | 117,000 ↗ |
| Revenue | $52.5 billion (fiscal 2025) ↗ |
| Department of War obligations | $39.2 billion in prime contracts since fiscal 2022 ↗ |
| Ownership | Public; owns Gulfstream ↗ |
| Shares | GD ↗ |
Products
- Gulfstream, in the Aerospace segment, builds the G700, G800 and other large-cabin business jets in Savannah, Georgia. ↗
- Electric Boat is the prime contractor and lead shipyard on all Navy nuclear-powered submarine programs, including Columbia-class ballistic-missile and Virginia-class attack submarines. ↗
- Bath Iron Works is one of two companies that builds the Arleigh Burke-class (DDG-51) guided-missile destroyer. ↗
- NASSCO builds the Expeditionary Sea Base and the John Lewis-class fleet replenishment oiler for the Navy. ↗
- Land Systems is the sole-source producer of the Army's Abrams main battle tank and Stryker wheeled combat vehicle. ↗
- General Dynamics is developing the XM30 mechanized infantry combat vehicle, which would replace the Army's M2 Bradley; it is a Middle Tier Acquisition Rapid Prototyping program with eight initial prototypes delivered in 2026. ↗
- General Dynamics is working with the Army to develop the next-generation M1E3 Abrams tank. ↗
- Mission Systems builds Type 1 NSA-certified encryption products that protect classified voice, video and data. ↗
- Mission Systems makes Bluefin Robotics unmanned undersea vehicles and supports the Navy's Hammerhead and MEDUSA programs. ↗
Customers
- The U.S. Department of War is General Dynamics' primary customer. ↗
- GDIT is modernizing U.S. Central Command's enterprise IT infrastructure. ↗
- Land Systems is producing the British Army's Ajax armored fighting vehicle. ↗
- GDIT operates and modernizes the Healthcare Integrated General Ledger Accounting System for the Centers for Medicare and Medicaid Services. ↗
- The U.S. Space Development Agency selected Mission Systems to build the ground operations and integration segment for Tranches 1 and 2 of the National Defense Space Architecture. ↗
Deals since 2020
Other acquisitions
- Jet Aviation, a General Dynamics business, acquired a fixed-base operator at Paris - Le Bourget Airport in 2025. ↗
Earnings
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Our coverage
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