A defense and aerospace giant that builds Gulfstream business jets, the U.S. Navy's nuclear submarines (at its Electric Boat yards), Abrams tanks and Stryker vehicles, plus cybersecurity and IT systems for the government. It grew out of the Electric Boat Company, founded in 1899 to bring inventor John Holland's submarine to the U.S. Navy, and took the name "General Dynamics" in 1952 when its boss decided "Electric Boat" no longer fit a company that had branched into aircraft and other industries. Its Gulfstream jets trace to a plane Grumman first flew in the late 1950s, a name with no connection to its parent.
General Dynamics elects President Danny Deep to its board of directors, effective August 5, 2026.
Danny Deep, age 56, has served as president of General Dynamics since December 2025 and has been with the company for more than 20 years.
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On August 5, 2026, the board of directors of General Dynamics Corporation elected Danny Deep as a member of the board, effective immediately.
Deep will not receive any additional compensation for his service as a director.
He has not been appointed to any board committee, and there is no arrangement or understanding with any other person regarding his election.
A press release announcing the election was issued on August 6, 2026, and is attached as Exhibit 99.1 to the Form 8-K.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
General Dynamics files prospectus supplement for rescission offer of up to 1,010,925 shares
The prospectus supplement was filed under the company's automatic shelf registration statement on Form S-3 (File No. 333-297821), filed July 30, 2026.
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On August 4, 2026, General Dynamics filed a prospectus supplement with the SEC relating to its offer to rescind the acquisition of up to 1,010,925 shares of its common stock.
The 8-K includes the legal opinion of Gibson, Dunn & Crutcher LLP regarding the validity of the shares covered by the prospectus supplement.
The legal opinion and consent are attached as Exhibits 5.1 and 23.1, respectively.
The report was filed under Item 8.01 to provide the legal opinion required for the rescission offer.
8.01 Other Events · 9.01 Financial Statements and Exhibits
General Dynamics reports Q2 2026 revenue of $14.1B, up 8.1%, diluted EPS $4.24, up 13.4%
Operating margin was 10.4%, a 40-basis-point expansion from the year-ago quarter.
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Second-quarter 2026 revenue was $14.1 billion, up 8.1% from the year-ago quarter; operating earnings were $1.5 billion, up 11.9%; diluted EPS was $4.24, up 13.4%.
Net cash from operating activities was $1.9 billion, or 162% of net earnings; the company paid $429 million in dividends, invested $234 million in capital expenditures, and reduced total debt by $498 million.
Orders totaled $20 billion (defense segments $14.7 billion, Aerospace $5.3 billion), with a company-wide book-to-bill ratio of 1.4-to-1.
Backlog at quarter end was $136.5 billion; total estimated contract value was $186.9 billion.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
General Dynamics shareholders elect 12 directors and approve KPMG and executive compensation at 2026 annual meeting
At the May 6, 2026 annual meeting, all 12 director nominees were elected to the board, each receiving a majority of votes cast.
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Shareholders approved, on an advisory basis, the selection of KPMG LLP as independent auditor for 2026, with 229,881,861 votes for and 8,152,577 against.
Shareholders approved, on an advisory basis, executive compensation for named executive officers, with 206,325,467 votes for and 4,838,656 against.
The election of directors was uncontested, and broker non-votes were reported for each director nominee and the executive compensation proposal.
The report was filed under Item 5.07 to disclose the voting results of the matters submitted to shareholders at the annual meeting.
5.07 Submission of Matters to a Vote of Security Holders
General Dynamics VP and Controller William A. Moss to retire; Dana O. Maisano to succeed as controller.
Dana O. Maisano, currently Staff Vice President, Controller and Financial Planning and Analysis at GDIT, will become controller effective April 1, 2026.
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William A. Moss informed General Dynamics of his intent to retire as vice president and controller, effective March 31, 2026.
Maisano, 44, has been with the company for more than 20 years and has served in her current GDIT role since 2018.
The change was reported in an 8-K filed December 5, 2025, covering Item 5.02.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
General Dynamics promotes Danny Deep to president, effective December 3, 2025
Deep has been with the company for over 20 years and previously held roles including executive vice president, Combat Systems, and president of General Dynamics Land Systems.
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Danny Deep, formerly executive vice president, Global Operations, was promoted to president of General Dynamics Corporation, effective December 3, 2025.
His new base salary is $1,300,000, with a target annual incentive opportunity of 150% of base salary.
Long-term incentive compensation will be set per the approach in the company's 2025 proxy statement, filed March 28, 2025.
The report was signed by Gregory S. Gallopoulos, Senior Vice President, General Counsel and Secretary, on December 5, 2025.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements