# General Dynamics

General Dynamics is a Corporate Investor based in Reston, United States.

## Overview

- **Organization type:** Corporate Investor
- **Headquarters:** Reston, United States
- **Region:** North America
- **Address:** 11011 Sunset Hills Rd, Reston, VA 20190, United States
- **Founded:** 1952
- **Assets under management:** Undisclosed
- **Website:** gd.com
- **LinkedIn:** https://www.linkedin.com/company/generaldynamics
- **Wikidata:** Q502940

## Regulatory record

- **Reports private funds:** No

## About

General Dynamics Corporation is an aerospace and defense company based in the United States. From Gulfstream business jets and combat vehicles to nuclear-powered submarines and communications systems, people around the world depend on our products and services.

## Sectors

- Defense
- Aerospace
- Shipbuilding
- Industrial Tech

## People

- Phebe N. Novakovic — Chairman and Chief Executive Officer

## Questions

### Who runs capital allocation at General Dynamics, and what background shapes that decision-making?

Chairman and CEO Phebe N. Novakovic controls capital allocation. A former CIA operations officer and deputy director of the Office of Management and Budget under the Clinton administration, Novakovic joined General Dynamics in 2001 and became CEO in 2013. Her approach applies a government-budget lens and an intelligence-cycle risk framework to evaluating return on invested capital across the firm's portfolio.

### How does General Dynamics balance its reliance on US defense spending?

The firm uses its Gulfstream Aerospace division as a commercial counterweight. Gulfstream sells large-cabin business jets — the G650ER and G700 — to corporations, governments, and high-net-worth individuals globally, generating revenue independent of the DoD budget cycle. This gives General Dynamics a margin and cash-flow profile that is wider and less volatile than a pure-play defense contractor.

### Which industrial shipyards does General Dynamics operate, and what does each build?

Electric Boat in Groton, Connecticut, builds Virginia-class fast-attack submarines and Columbia-class ballistic-missile submarines. Bath Iron Works in Bath, Maine, builds Arleigh Burke-class guided-missile destroyers. NASSCO in San Diego, California, constructs logistics and support vessels, including oil tankers for domestic use under the Jones Act. Each yard represents a multi-decade capital asset tied to a specific class of naval vessel.

### How does General Dynamics approach its federal IT and services segment?

Through GDIT, the firm provides systems integration, cybersecurity, cloud migration, and satellite ground-systems support to defense and intelligence agencies. It operates as a services business that layers recurring IT modernization revenue onto the hardware-driven Marine and Combat Systems segments, smoothing the company's aggregate free cash flow.

### What is General Dynamics' known posture on share repurchases versus acquisitions?

Under Novakovic, the firm has favored returning capital to shareholders through aggressive repurchase programs and steady dividend increases, treating acquisitions as an occasional tool rather than a primary growth driver. When it does acquire, it targets bolt-on businesses in defense IT or aerospace that can improve the margin profile of existing segments, rather than entering new verticals.

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Last updated: 2026-05-30T16:20:42.042Z

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