Analysis of the Annual Report of General Dynamics

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According to the latest results issued by General Dynamics on January 28, 2012 the company's previous year's objectives were met (overall) and will continue to be met in the future. The company announced that full year revenue for 2011 was $32.7 billion and that earnings per share rose from $6.82 per share (2010) to $6.93 per share (2011). According to its Annual Report, General Dynamics operates four separate divisions; Aerospace, Combat Systems, Marine Systems, and Information Systems and Technology. Each division is responsible for its own profitability and according to the recent press release the company employs approximately 95,000 individuals worldwide. The company touts itself as a "market leader in business aviation; land and expeditionary combat systems, armaments and munitions, shipbuilding and marine systems, and information and technology" (p 3). The company's objective in previous years was to continue to address the growth of each division, both separately and as a whole. Based on the current backlog of approximately $57.4 billion at the end of 2011, one could surmise that the growth (or at least sustainability) of the company is in fine mettle. Additionally, the new G650 Gulfstream aircraft recorded the 'highest number of orders for new aircraft since the introduction"¦in 2008'. It would seem therefore that at least the aviation division is on strong footing for the next several years. Combat Systems (munitions and armaments) is also doing well.
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