General Dynamics Corp., founded in 1952 and headquartered in Falls Church, Virginia, is a global aerospace and defense company dedicated to providing innovative solutions to government and commercial customers. The company's key products and services include military vehicles, submarines, information technology systems, and communication services, which play a vital role in national security and defense operations.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
General Dynamics began issuing bonds to support its financing needs in the late 1980s, with significant issuances occurring during acquisitions and capital projects. Notably, the company issued $1 billion in senior notes in 2020 to refinance existing debt, taking advantage of favorable market conditions. As of October 2023, General Dynamics' bonds are yielding approximately 4.25%, aligning closely with industry averages amidst a rising interest rate environment, while maintaining strong credit ratings that reflect its robust operational performance and solid cash flow generation.