Tranche Update on General Dynamics Corporation (NYSE:GD)'s Equity Buyback Plan announced on February 9, 2015.
July 28, 2021 at 11:31 am EDT
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From April 5, 2021 to July 4, 2021, the company has repurchased 3,253,370 shares, representing 1.15% for $614.33 million. With this, the company has completed the repurchase of 65,543,241 shares, representing 21.44% for $10,424.74 million under the buyback announced on February 9, 2015.
General Dynamics Corporation specializes in the design, manufacturing and marketing of aeronautical, space, naval, and defense systems and equipment. Net sales break down by family of products and services as follows:
- information systems and technologies (30.6%): telecommunication, control, surveillance, monitoring, and similar systems;
- submarines and boats (29.5%);
- business aircraft (20.4%). Moreover, the group offers maintenance and assistance services etc.;
- defense and security systems (19.5%): armored combat vehicles, land combat systems, weapons systems, munitions, protection and detection systems, etc.
Net sales break down by source of income between sales of products (58.2%) and services (41.8%).
Net sales are distributed geographically as follows: the United States (85.5%), North America (2.3%), Europe (6.5%), Africa and Middle East (2.7%), Asia/Pacific (2.6%) and America Latin (0.4%).
GENERAL DYNAMICS CORPORATION 
