Defense prime · GD
General Dynamics (GD) gets 68% of its revenue from the U.S. government
What General Dynamics reports in its FY2025 10-K, and what federal contract records show.
Summary
General Dynamics gets 68% of its revenue from the U.S. government: $35.8B of $52.5B in FY2025, a dollar figure the company reports itself. Its 10-K splits the rest out in the same sentence: "In 2025, 68% of our consolidated revenue was from the U.S. government, 15% was from U.S. commercial customers, 8% was from non-U.S. government customers and the remaining 9% was from …" The U.S. commercial slice is mostly Gulfstream business jets.
The U.S. figure includes $1.00B of foreign military sales, which General Dynamics, unlike most peers, discloses. Taking that out leaves an adjusted share of 66.1%, the only FMS adjustment the filings in our set allow.
Submarines dominate the contract record. The Navy awarded 72.5% of the $35.8B we matched to General Dynamics in federal fiscal year 2025, mostly through its Electric Boat shipyard. Its two largest active contracts by value are both submarine awards: long-lead material for two Virginia-class boats (N0002417C2100, $35.7B obligated to date) and design completion for the Columbia class (N0002417C2117, $31.5B). Matched obligations came to 1.00 times reported U.S. government revenue, one of the closest matches between the two measures in our data.
Share of revenue over time
General Dynamics: U.S. government share of revenue, by fiscal year
What General Dynamics counts as government revenue
- Definition used
- U.S. government (includes $1.0B FMS)
- Foreign military sales
- Included in the reported figure ($1.00B disclosed)
- Subcontract work
- Not stated
- Adjusted ex-FMS share
- 66.1% after removing $1.00B of FMS (calculated)
“In 2025, 68% of our consolidated revenue was from the U.S. government, 15% was from U.S. commercial customers, 8% was from non-U.S. government customers and the remaining 9% was from …”
General Dynamics, FY2025 Form 10-K · read the filing
Risk factors section rounds to ~70%.
The contract record
Prime contract obligations on USAspending.gov for the 37 recipient records we matched to General Dynamics (obligations are not revenue).
In FFY2025, 89.9% of these obligations came from the Department of Defense and 10.1% from civilian agencies.
Contract obligations by awarding agency, FFY2025
Top 8 awarding sub-agencies; the rest grouped as Other.
| Awarding agency | Obligations | Share |
|---|---|---|
| Department of the Navy | $26.0B | 72.5% |
| Department of the Army | $4.13B | 11.5% |
| Department of the Air Force | $1.31B | 3.7% |
| Federal Acquisition Service | $933M | 2.6% |
| Centers for Medicare and Medicaid Services | $658M | 1.8% |
| Defense Logistics Agency | $461M | 1.3% |
| Department of State | $378M | 1.1% |
| Departmental Offices | $299M | 0.8% |
| Other | $1.69B | 4.7% |
Obligations by federal fiscal year
| Federal fiscal year | Obligations | Note |
|---|---|---|
| FFY2026 | $26.8B | preliminary DoD data posts with a 90-day delay |
| FFY2025 | $35.8B | Matched to FY2025 |
| FFY2024 | $24.9B | |
| FFY2023 | $26.8B | |
| FFY2022 | $24.9B | |
| FFY2021 | $20.8B |
Largest contracts active in FFY2025
Ranked by total obligated value to date on each award (all years), among awards with activity in FFY2025. Links open the award on USAspending.gov.
| Award | Agency | Description | Obligated to date | Period |
|---|---|---|---|---|
| N0002417C2100Electric Boat Corporation | Department of the Navy | SSN 802 AND 803 LONG LEAD TIME MATERIAL | $35.7B | 2017–2036 |
| N0002417C2117Electric Boat Corporation | Department of the Navy | COLUMBIA CLASS DESIGN COMPLETION | $31.5B | 2017–2031 |
| N0002412C2115Electric Boat Corporation | Department of the Navy | SSN 792 LONG LEAD TIME MATERIAL | $20.4B | 2012–2027 |
| N0002409C2104Electric Boat Corporation | Department of the Navy | CONSTRUCTION OF VIRGINIA CLASS BLOCK III SUBMARINES. | $16.2B | 2008–2023 |
| N0002403C2101Electric Boat Corporation | Department of the Navy | No description on file | $9.40B | 2003–2025 |
| N0002424C2110Electric Boat Corporation | Department of the Navy | SSN 814 & SSN 815 LONG LEAD TIME MATERIAL | $7.04B | 2023–2035 |
| N0002423C2305Bath Iron Works Corporation | Department of the Navy | CONSTRUCTION OF DDG 51 SHIPS FY23-27 | $6.59B | 2023–2034 |
| N0002416C2229National Steel And Shipbuilding Company | Department of the Navy | DETAIL DESIGN AND CONSTRUCTION (DD&C) FOR T-AO 205 | $5.91B | 2016–2026 |
| N0002418C2305Bath Iron Works Corporation | Department of the Navy | FY18-FY22 DDG 51 CLASS SHIP CONSTRUCTION | $5.50B | 2018–2030 |
| N0002420C2120Electric Boat Corporation | Department of the Navy | LEAD YARD SUPPORT | $5.18B | 2019–2028 |
Recipients we matched to General Dynamics
These USAspending recipient records are rolled into the figures above. Readers can check each one; if a match looks wrong, tell us.
| Recipient name | UEI | How matched | FFY2025 obligations |
|---|---|---|---|
| ELECTRIC BOAT CORPORATION | E7BEKJ4V9528 | USAspending parentGENERAL DYNAMICS CORP | $21.4B |
| GENERAL DYNAMICS INFORMATION TECHNOLOGY, INC. | SMNWM6HN79X5 | USAspending parentGENERAL DYNAMICS CORP | $4.62B |
| GENERAL DYNAMICS LAND SYSTEMS INC. | HAWKSQF848W7 | USAspending parentGENERAL DYNAMICS CORP | $1.53B |
| NATIONAL STEEL AND SHIPBUILDING COMPANY | Q85KVUK3JBF5 | USAspending parentGENERAL DYNAMICS CORP | $550M |
| BATH IRON WORKS CORPORATION | FREEMCLKFXE3 | USAspending parentGENERAL DYNAMICS CORP | $2.37B |
| GENERAL DYNAMICS OTS (WILKES BARRE), LLC | V1TVADBWD4E9 | USAspending parentGENERAL DYNAMICS CORP | $586M |
| GENERAL DYNAMICS ORDNANCE AND TACTICAL SYSTEMS, INC. | FNEJKBCACXL1 | USAspending parentGENERAL DYNAMICS CORP | $793M |
| GENERAL DYNAMICS MISSION SYSTEMS, INC. | MWDRZJ2ZVPV7 | USAspending parentGENERAL DYNAMICS CORP | $735M |
| CSRA LLC | VSFCW25ZAE49 | USAspending parentGENERAL DYNAMICS CORP | $72.8M |
| GENERAL DYNAMICS INFORMATION TECHNOLOGY INC. | Z2L7LVNEAPC3 | USAspending parentGENERAL DYNAMICS CORP | $140M |
| GENERAL DYNAMICS MISSION SYSTEMS, INC. | LKMMNBMPUNH7 | USAspending parentGENERAL DYNAMICS CORP | $351M |
| GENERAL DYNAMICS INFORMATION TECHNOLOGY, INC. | NYM8TAUFLXP3 | USAspending parentGENERAL DYNAMICS CORP | — |
| METRO MACHINE CORP. | J1FCJLK5LGU5 | USAspending parentGENERAL DYNAMICS CORP | $359M |
| GENERAL DYNAMICS MISSION SYSTEMS, INC. | JHY6AZA6H191 | USAspending parentGENERAL DYNAMICS CORP | — |
| GENERAL DYNAMICS-OTS, INC. | KZK8C85C1T94 | USAspending parentGENERAL DYNAMICS CORP | $351M |
| GENERAL DYNAMICS-OTS, INC. | Q9SBTF8ELUP4 | USAspending parentGENERAL DYNAMICS CORP | $431M |
| GENERAL DYNAMICS MISSION SYSTEMS, INC. | MU3CM1145E44 | USAspending parentGENERAL DYNAMICS CORP | $336M |
| GULFSTREAM AEROSPACE CORPORATION | NGABP44KQF33 | USAspending parentGENERAL DYNAMICS CORP | $133M |
| GENERAL DYNAMICS ORDNANCE & TACTICAL SYSTEMS, INC. | D6BENLPTJ8H6 | USAspending parentGENERAL DYNAMICS CORP | $179M |
| GENERAL DYNAMICS ORDNANCE AND TACTICAL SYSTEMS, INC. | H2TPPTLN7D18 | USAspending parentGENERAL DYNAMICS CORP | — |
| GENERAL DYNAMICS ONE SOURCE LLC | D93YKLC3MK67 | USAspending parentGENERAL DYNAMICS CORP | $141M |
| GENERAL DYNAMICS ORDNANCE & TACTICAL SYSTEMS, INC. | TCEDUGT1CK76 | USAspending parentGENERAL DYNAMICS CORP | — |
| METRO MACHINE CORP | N7MEWB7D97U1 | USAspending parentGENERAL DYNAMICS CORP | $186M |
| GENERAL DYNAMICS GLOBAL FORCE, LLC | WJNDL3EZ9343 | USAspending parentGENERAL DYNAMICS CORP | $174M |
| GENERAL DYNAMICS MISSION SYSTEMS, INC. | LDUJLC79HNK5 | USAspending parentGENERAL DYNAMICS CORP | $174M |
| GENERAL DYNAMICS ORDNANCE AND TACTICAL SYSTEMS INC | NGT4B82M4Q51 | USAspending parentGENERAL DYNAMICS CORP | $57.8M |
| GENERAL DYNAMICS INFORMATION TECHNOLOGY, INC. | ZSFKCCEB18G4 | USAspending parentGENERAL DYNAMICS CORP | — |
| GENERAL DYNAMICS MISSION SYSTEMS, INC. | YZNQG917LBE4 | USAspending parentGENERAL DYNAMICS CORP | $69.2M |
| APPLIED PHYSICAL SCIENCES CORP | R494GGV1AEM8 | USAspending parentGENERAL DYNAMICS CORP | — |
| GENERAL DYNAMICS EUROPEAN LAND SYSTEMS-BRIDGE SYSTEMS GMBH | MLABDELSCKN3 | USAspending parentGENERAL DYNAMICS CORP | — |
| GENERAL DYNAMICS MISSION SYSTEMS, INC. | S4ZAF64LJ1G3 | USAspending parentGENERAL DYNAMICS CORP | $67.1M |
| GENERAL DYNAMICS MISSION SYSTEMS, INC. | JNBSGM6C8487 | USAspending parentGENERAL DYNAMICS CORP | — |
| GENERAL DYNAMICS INFORMATION TECHNOLOGY, INC. | CJNLX7TBJ651 | USAspending parentGENERAL DYNAMICS CORP | — |
| GENERAL DYNAMICS MISSION SYSTEMS, INC. | D8CMPLV4GKR5 | USAspending parentGENERAL DYNAMICS CORP | — |
| GENERAL DYNAMICS LAND SYSTEMS CUSTOMER SERVICE & SUPPORT COMPANY | ZGZALLBLZRH2 | USAspending parentGENERAL DYNAMICS CORP | $42.0M |
| GENERAL DYNAMICS INFORMATION TECHNOLOGY, INC. | DCLWX76AVGZ4 | USAspending parentGENERAL DYNAMICS CORP | — |
| GENERAL DYNAMICS INFORMATION TECHNOLOGY, INC. | MDZ2JCBZ6BK8 | USAspending parentGENERAL DYNAMICS CORP | — |
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Sources
- General Dynamics, FY2025 annual report (U.S. government share) (accessed October 15, 2026)
- General Dynamics, FY2024 annual report (U.S. government share) (accessed October 16, 2026)
- General Dynamics, FY2023 annual report (U.S. government share) (accessed October 16, 2026)
- General Dynamics, FY2022 annual report (U.S. government share) (accessed October 16, 2026)
- General Dynamics, FY2021 annual report (U.S. government share) (accessed October 16, 2026)
- SEC XBRL company facts for General Dynamics (revenue history) (accessed October 16, 2026)
- USAspending.gov recipient profile: Electric Boat Corporation (accessed October 16, 2026)
- USAspending.gov API, prime contract awards (award types A–D) (accessed October 16, 2026)
- Federal Exposure methodology