Expansion through acquisition and merger has been the focus of management over the past several years. The most recent acquisition of Aerojet Rocketdyne in mid-2023 was preceded by the acquisition of Tactical Data Links in early-2023 and the merger between Harris and L3 in 2019.The increased scale of L3Harris will make it a stronger competitor to defense prime contractors.2025, the company appears to be on a path to exceed its original plan.

The US Federal Aviation Administration has been working to speed up the opening of US airspace for routine operations since at least 2009. Despite this, serious challenges remain, but 2024 saw significant acceleration. FAA’s long-term integration strategy seeks to gradually introduce low-risk, isolated work, then move to full integration of UAS into national airspace.

No longer a novelty, uncrewed aerial systems have become increasingly common sights in skies around the world as more industries find uses for them, governments reshape regulations, and companies deliver increasingly advanced technologies and services. Civil government and commercial drone markets continue growing, moving from nascence to adolescence, as UAS prove their worth in numerous fields. For the moment, though, sales growth in several sectors appears to be moving from new customers to replacement for previous systems.

General Dynamics is a global aerospace and defense company that specializes in high-end design, engineering and manufacturing to deliver state-of-the-art solutions to its customers. The company offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. Total company revenue was $42.34 billion in 2023, up 7.3% from $39.4 billion in 2022 which was up 2.4% from 2021. Compared to other defense and aerospace companies, General Dynamics had a relatively modest negative impact on its financial performance due to the global pandemic.