General Dynamics (GD) risk factors: FY2025 10-K

Item 1A of the 10-K for the period ending 2025-12-31, filed 2026-01-30. 14 risk factor headings as filed. Read Item 1A in full · The whole 10-K · What changed since FY2024

0new since FY2024
0reworded
0removed
14unchanged

Headings mentioning a theme: Tariffs 0 · AI 0 · Cybersecurity 1 · China 0 · Interest rates 0. Compare across the S&P 500.

Risks Relating to Our Business and Industry

8
  1. The U.S. government provides a significant portion of our revenue.
  2. U.S. government contracts are not always fully funded at inception, and any funding is subject to disruption or delay.
  3. Government contracts are subject to termination rights by the customer.
  4. Government contractors operate in a highly regulated environment and are subject to audit by the U.S. government.
  5. Our Aerospace segment is subject to changing customer demand for business aircraft.
  6. Earnings and margin depend on our ability to perform on our contracts.
  7. Revenue, earnings and margin depend in part on supplier performance.
  8. Our success depends in part on our ability to develop new products and technologies and maintain a qualified workforce to meet the needs of our customers.

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Risks Relating to Our International Operations

1
  1. Operations outside the United States are subject to various risks that may be associated with doing business in foreign countries.

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Risks Relating to Our Acquisitions and Similar Investment Activities

2
  1. We have made and expect to continue to make investments, including acquisitions and joint ventures, that involve risks and uncertainties.
  2. Changes in business conditions may cause goodwill and other intangible assets to become impaired.

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Other Business and Operational Risks

3
  1. Our business could be negatively impacted by cybersecurity events and other disruptions.Cybersecurity
  2. Our business may continue to be negatively impacted by the coronavirus (COVID-19) pandemic and could be negatively impacted by other pandemics and outbreaks.
  3. Global climate change could negatively affect our business.

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Headings are the lines of Item 1A set wholly in bold or italics, as the parser reads them, without the introductory paragraph that opens the section. A heading is new when no heading in the prior 10-K matches it after ignoring case and punctuation, and reworded when it shares at least 60 percent of its words with one that went away. Source: the filing on sec.gov.