General Dynamics
General Dynamics Corporation (GD) is an American publicly traded aerospace and defense corporation headquartered in Reston, Virginia. As of 2020, it was the fifth-largest defense contractor in the world by arms sales, and fifth largest in the United States by total sales. The company is a Fortune 100 company, and was ranked No. 94 in 2022.
Some of the key events about General Dynamics
- 1899Founded as Electric Boat Company to build submarines for the U.S. Navy
- 1952Convicted of price fixing and bid rigging on government contracts
- 1954Launched the USS Nautilus, the world's first nuclear-powered submarine
- 1962Developed the Quincy shipyard to build surface ships for the U.S. Navy
- 1967Produced the F-111 Aardvark, a pioneering variable-sweep wing fighter-bomber
- 1982Introduced the M1 Abrams main battle tank, still in service today
- 1985Charged $676 million by the U.S. government for fraudulent billing practices
- 1990Paid $8 million to settle allegations of defective parts in military aircraft
- 1991Developed the F-16 Fighting Falcon, one of the most successful fighter jets in history
- 1995Fined $20 million for illegal export of classified defense drawings to Japan
- 1999Acquired Gulfstream Aerospace, expanding into business jet manufacturing
- 2001Agreed to pay $45 million to settle claims of overbilling the U.S. Navy
- 2003Launched the Virginia-class submarine program, enhancing naval capabilities
- 2008Introduced the Stryker armored fighting vehicle, improving military mobility
- 2009Paid $4 million to resolve allegations of submitting false claims on government contracts
- 2011Settled a lawsuit for $4 million over allegations of overbilling the government
- 2014Paid $4 million to resolve False Claims Act allegations related to a contract with the U.S. Army
- 2015Agreed to pay $25.5 million to settle allegations of fraudulently billing for defective parts
- 2018Awarded contract to build Columbia-class ballistic missile submarines for the U.S. Navy
- 2019Paid $14.4 million to settle allegations of providing substandard workmanship on submarines
Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.
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