2021 U.S.-Booked Air Volume: $28 million
Primary U.S. TMC: BCD

BTN estimates defense contractor and aerospace firm General Dynamics had $28 million in U.S.-booked air travel spend in 2021, about the same as in 2020. Driven by record results at its defense businesses, General Dynamics reported a 1.4 percent year-over-year increase in 2021 revenue to $38.5 billion. Net earnings rose to $3.3 billion as the Covid impact eased.

General Dynamics’ U.S. government business was impacted by customer site closures and limited access to some locations, travel restrictions and other pandemic-related factors. The company expects Covid to continue to negatively affect its businesses, particularly Aerospace, but noted improvement into 2022. As air travel resumes, the company expects aircraft services volume to increase, but also expects delays in future aircraft deliveries that could mitigate growth.

General Dynamics made nine acquisitions in the past three years. The company has approximately 103,100 employees, 85 percent of which are based in the United States.

In terms of sustainability, the company targets a 40 percent reduction in greenhouse gas emissions from a 2019 baseline by 2034.