COVID Stimulus Watch Individual Entry
Recipient Company:
General Dynamics Corp
Loan or Loan Guarantee Amount:
$1,043,498
Recipient Details
Ownership Structure: publicly traded (ticker symbol NYSE: GD)
Award Details
Award Date: Aug 10, 2020
Award Type: loan
Award Details: Amount represents the purchase price of company bonds bought by the Fed.
Program Name: Secondary Market Corporate Credit Facility
Legislation: CARES
Awarding Agency: Federal Reserve
Data Source for Award:
https://www.federalreserve.gov/publications/reports-to-congress-in-respo...
Parent Company Data
Parent Company: General Dynamics
Headquartered in: Virginia
Parent Sector: aerospace and military contracting
Parent Industry: aerospace & military contracting
Employees (prior to pandemic): 102,900
Accountability Issues Since 2010
Employment-related Penalties: $18,802,959
Government-contracting-related Penalties: $202,455,087
Environmental / Healthcare / Safety Penalties: $4,093,142
Ratio of CEO Pay to that of Median Worker: 157 to 1
CEO Compensation: $18,313,204
Worker Median Pay: $116,510
Total Federal, State, and Local Subsidies: $312,906,870
Federal Corporate Income Tax Rate: 17.0%
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