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Questions about General Dynamics

Short answers, pulled from the story.

When was General Dynamics founded and by whom?

Isaac Leopold Rice bought the Holland Torpedo Boat Company from John Philip Holland in 1899, marking the beginning of what would become a century-long defense empire. The company was renamed Electric Boat Company, and Holland continued to work there as chief engineer.

What major acquisitions did General Dynamics make between 1950 and 1960?

John Jay Hopkins acquired the Canadian government-owned Canadair for $10 million in 1946 and established General Dynamics Corporation as a parent company holding Electric Boat and Canadair in 1952. In 1953, General Dynamics purchased Convair from the Atlas Group, and Henry Crown merged his Material Service Corporation with General Dynamics in 1959.

How many employees does General Dynamics have as of January 2023?

As of January 2023, the company had 106,500 employees. Revenue reached $39,407 million in 2022, while net income stood at $3,390 million that same year.

Where is the Bath Iron Works shipyard located and when was it acquired by General Dynamics?

In 1995, General Dynamics purchased the privately held Bath Iron Works shipyard in Bath, Maine for $300 million. The San Diego shipyard produces U.S. Navy auxiliary and support ships as well as commercial ships eligible for U.S.-flagging under the Jones Act.

Who currently serves as chairman and chief executive officer of General Dynamics?

Phebe Novakovic serves as current chairman and chief executive officer of General Dynamics. James Crown serves as Lead Director on the board, and Jim Mattis joined the board again in August 2019 after previously resigning before becoming Secretary of Defense.