COVID Stimulus Watch Individual Entry

Recipient Company:

General Dynamics Corp

Loan or Loan Guarantee Amount:

$1,070,310

Recipient Details

Ownership Structure: publicly traded (ticker symbol NYSE: GD)

Award Date: Dec 18, 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:

Parent Company: General Dynamics

Headquartered in: Virginia

Parent Sector: aerospace and military contracting

Parent Industry: aerospace & military contracting

Employees (prior to pandemic): 102,900

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%