General Dynamics Corp.

3190 Fairview Park Dr.

Year founded: 1952

Industry: Aerospace/defense

Post 200 Category: Top 125 Companies

Revenue: $19.18 Billion

Net Income/Loss: $1.23 Billion

Earnings per share: $6.09

Dividend: $1.44

Stockholder equity: $7.19 Billion

Auditor: KPMG LLP

Stock: GD

Assets: $17.54 Billion

Market capitalization: $21.37 Billion

52-week high: 109.98 11/29/2004

52-week low: 90.27 4/20/2004

Chairman and CEO: Nicholas D. Chabraja

CFO: Michael J. Mancuso

Employees: 70000

Local employees: 5300

Description: General Dynamics' core business is defense contracts; it is the maker of M-1 Abrams tanks and submarines.

Developments: Pentagon spending on tank repair and ammunition helped turn General Dynamics into a $19 billion defense giant last year. Revenue was up 17 percent compared with 2003. While spending on the wars in Iraq and Afghanistan and to modernize the Army is expected to continue to boost General Dynamics' results this year, proposed cuts to the Navy's shipbuilding budget could be troublesome later, industry analysts say. One of General Dynamics' shipyards, which include Electric Boat in Connecticut and Bath Iron Works in Maine, could be forced to close if spending slows as some expect, analysts say. The company's shipbuilding business also struggled last year with rising costs on a non-military contract to build four commercial oil tankers. General Dynamics failed to acquire London-based armored vehicle maker Alvis PLC after rival BAE Systems PLC, Britain's largest defense firm, trumped its offer. The deal would have lifted General Dynamics into the dominant position in the European tank and armored vehicle market. But that didn't stop General Dynamics from winning a $482 million deal early this year to supply Portugal with 260 armored combat vehicles. The company also announced last year that Nicholas D. Chabraja, who has been chief executive and chairman since 1997, would stay at least through 2008.

Executive Compensation
Chairman and CEO: Nicholas D. Chabraja
Total Cash: $3,950,000.00
Total Compensation: $13,710,111.00