2020 U.S.-Booked Air Volume: $28 million
In 2020, General Dynamics had U.S.-booked air volume of $28 million, down from $85 million in 2019, according to a BTN estimate. In 2020, the aerospace and defense company earned $37.9 billion in revenue, down 3.6 percent year over year. General Dynamics’ aerospace and technology segments were negatively impacted by quarantine and travel restrictions as well as the reduced demand caused by the pandemic, according to the company’s annual report. The technology segment’s IT services lost a contract with an international customer from schedule delays caused by travel restrictions. The aerospace segment experienced a drop in demand for its aircraft services due to reduced flight activity. General Dynamics acquired five businesses in 2020. The company employs more than 100,000 people.