General Dynamics Corporation
GD · NYSE
Company research
General Dynamics Corporation (NYSE: GD) is a global aerospace and defense leader headquartered in Reston, Virginia, with approximately 117,000 employees operating across more than 40 countries and generating $47.72 billion in revenue in FY2024. The company operates through four business segments — Aerospace, Marine Systems, Combat Systems, and Technologies — offering a diversified portfolio that spans Gulfstream business jets and aviation services, nuclear-powered submarines and naval surface combatants, wheeled and tracked combat vehicles (including the Stryker and Abrams tank), and advanced IT and mission support systems for military and federal civilian clients. As one of the top three U.S. federal government contractors, General Dynamics derives approximately 61% of its revenue from the U.S. government, with the remainder split between domestic commercial and international customers. Under the leadership of CEO Phebe N. Novakovic, the company has built a strong competitive position underpinned by long-cycle defense programs — most notably its Virginia- and Columbia-class submarine franchises — alongside a premium commercial aerospace business, supporting a market capitalization of approximately $99 billion.
Research reports
Riesgo · April 5, 2026GD:NYSE General Dynamics Corporation Analysis
Riesgo’s stock analysis presents GD as a low-risk defense and aerospace company with strong revenue growth, solid margins, healthy free cash flow and an expanding backlog, supporting a sustainable dividend and positive short-, medium- and long-term outlooks. It issues a buy recommendation but notes that a DCF-derived fair value well below the current price implies overvaluation and warrants caution around valuation and government-contract concentration.
The Boring Finance Guy (Substack) · November 28, 2025Deep Dive Analysis: General Dynamics Corporation (GD)This deep-dive argues that GD is a high-quality “stalwart” temporarily exhibiting fast-grower characteristics thanks to an aerospace super-cycle, a record 109.9 billion dollar backlog and a sharp inflection in free cash flow, but that the market has largely priced in these strengths, leaving little margin of safety at current valuation multiples. The author assigns a hold rating, advises existing holders not to sell while recommending that new buyers wait for a pullback toward around 300 dollars, and highlights risks including potential U.S. government shutdown impacts on contracts and regulatory or certification setbacks in Gulfstream’s jet programs.
Sure Dividend · July 24, 2025General Dynamics Corporation (GD)Sure Dividend profiles GD as an entrenched defense prime contractor and dividend aristocrat with strong order backlog, decent earnings growth and expected mid-single-digit annual EPS and dividend growth, but concludes that the shares trade above its estimate of fair value and offer only modest projected total returns through 2030. The report maintains a hold rating with a five-year price target of 344 dollars, emphasizing valuation risk, possible cuts to defense programs and business-jet cyclicality even as it underscores GD’s balance-sheet strength, dividend safety and recession resilience.