Calepin des entreprises international 2026 VA.pdf — page 82

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GENERAL DYNAMICS
Business trends
	
 General Dynamics revenues reached $47.7 billion (€44.1 billion) in 2024, up 12.9% year-on-year in local 
currency. Growth was driven by the Aerospace division (+30.5%), which recorded higher sales of business 
jets (136 in 2024, compared with 111 in 2023), including the new G700 ultra-wide jet. The Marine Systems 
division also recorded strong growth (+15.1%), driven by shipbuilding activities for the U.S. Navy, particularly 
on the future Columbia-class SSBN and Virginia-class SSN submarines programmes.	
	
 The group has a very diversified portfolio of defence activities (69% of total revenues in 2024): surface ships 
and submarines, armoured vehicles, weapon systems and ammunition, cybersecurity, etc. The Aerospace 
division, however, is predominantly civilian-oriented (15% of defence turnover only in 2024).
Home market
	
 The United States remains General Dynamics’ largest market, accounting for 83% of total revenues in 2024. 
The U.S. Department of Defense alone accounted for 57% of revenues in 2024.
	
 In April 2025, the U.S. Navy awarded a $12.4 billion (€11.5 billion) contract to General Dynamics Electric Boat 
for the construction of two additional Virginia-class SSNs, named Baltimore (SSN-812) and Atlanta (SSN-813), 
to be delivered by 2036. These units will be the last of the Block V series. The group has five other Block V 
submarines at various stages of construction.
	
 General Dynamics was awarded two contracts worth a combined $1.43 billion (€1.32 billion) by the 
U.S. Army in the first half of 2025 for the production of 120mm calibre ammunition. M829A4 ammunition and 
Insensitive Munition High Explosive - Tracer (IMHE-T) ammunition are to be delivered by June 2029 and 2030, 
respectively.	
	
	
 In July 2025, the U.S. Navy ordered one additional Arleigh Burke-class Flight III destroyer, named Kyle 
Carpenter (DDG-148), from General Dynamics Bath Iron Works. Seven other units are under construction: 
Harvey C. Barnum Jr. (DDG-124), Louis H. Wilson Jr. (DDG-126), Patrick Gallagher (DDG-127), William 
Charette (DDG-130), Quentin Walsh (DDG-132), John E. Kilmer (DDG-134) and Richard G. Lugar (DDG-136).
	
 General Dynamics is currently competing for three U.S. Armed Forces programmes: XM30 Mechanized 
Infantry Combat Vehicle (up against Rheinmetall), Advanced Reconnaissance Vehicle (up against Textron), 
and Robotic Combat Vehicle (reconnaissance and escort UGV, up against Oshkosh Defense).
Export markets
	
 The group generated 17% of its revenues from exports in 2024 (without FMS programmes), mostly through 
General Dynamics European Land Systems (based in Germany, Austria, Denmark, Spain, the Czech 
Republic, Romania and Switzerland) and General Dynamics UK (United Kingdom). 
	
 General Dynamics European Land Systems - Santa Bárbara Sistemas signed a €373 million contract in 
January 2025 with the Ministry of Defence of Latvia for the production of 42 ASCOD 2 tracked armoured 
infantry vehicles.
	
 In February 2025, the Bundeswehr ordered 256 Piranha 5 8x8 wheeled armoured vehicles from General 
Dynamics European Land Systems - MOWAG, to be delivered from 2026 onwards. These vehicles will serve 
as support for the Bundeswehr’s future Tactical Wide Area Network for Land Based Operations (TaWAN LBO) 
mobile communication system, for which Rheinmetall is the prime contractor.
	
 The Danish Defence Acquisition and Logistics Organisation (DALO) awarded a contract in September 2025 to 
General Dynamics European Land Systems for the supply of an M3 amphibious bridge.
Technology and Innovation
	
 Self-financed R&D expenditure amounted to $565 million (€522 million) in 2024, representing 1.2% of revenues.
STRATEGIC HIGHLIGHTS