General Dynamics 2011 Annual Report Download - page 28

General Dynamics Annual Report 201116
FORWARD-LOOKING STATEMENTS
This Annual Report on Form 10-K contains forward-looking statements
that are based on management’s expectations, estimates, projections
and assumptions. Words such as “expects,” “anticipates,” “plans,”
“believes,” “scheduled,” “outlook,” “estimates,” “should” and variations
of these words and similar expressions are intended to identify forward-
looking statements. These include but are not limited to projections of
revenues, earnings, operating margins, segment performance, cash
flows, contract awards, aircraft production, deliveries and backlog.
Forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995, as
amended. These statements are not guarantees of future performance
and involve certain risks and uncertainties that are difficult to predict.
Therefore, actual future results and trends may differ materially from
what is forecast in forward-looking statements due to a variety of factors,
including, without limitation, the risk factors discussed in this section.
All forward-looking statements speak only as of the date of this report
or, in the case of any document incorporated by reference, the date of
that document. All subsequent written and oral forward-looking state-
ments attributable to General Dynamics or any person acting on our
behalf are qualified by the cautionary statements in this section. We do
not undertake any obligation to update or publicly release any revisions to
forward-looking statements to reflect events, circumstances or changes
in expectations after the date of this report.
ITEM 1B. UNRESOLVED STAFF COMMENTS
None.
ITEM 2. PROPERTIES
We operate in a number of offices, manufacturing plants, laboratories,
warehouses and other facilities in the United States and abroad. We
believe our main facilities are adequate for our present needs and,
given planned improvements and construction, expect them to remain
adequate for the foreseeable future.
On December 31, 2011, our business groups had operations at the
following locations:
•฀ Aerospace – Lincoln and Long Beach, California; West Palm Beach,
Florida; Brunswick and Savannah, Georgia; Cahokia, Illinois; Bedford
and Westfield, Massachusetts; Las Vegas, Nevada; Teterboro,
New Jersey; Dallas, Texas; Appleton, Wisconsin; Beijing, China;
Dusseldorf and Hannover, Germany; Mexicali, Mexico; Moscow,
Russia; Singapore; Basel, Geneva and Zurich, Switzerland; Dubai,
United Arab Emirates; Biggin Hill and Luton, United Kingdom.
•฀ Combat Systems – Anniston, Alabama; East Camden, Arkansas;
Healdsburg, California; Crawfordsville, St. Petersburg and Tallahassee,
Florida; Chicago and Marion, Illinois; Saco, Maine; Westminster,
Maryland; Shelby Township, Sterling Heights and Troy, Michigan;
Joplin, Missouri; Lincoln, Nebraska; Charlotte, North Carolina; Lima,
Ohio; Eynon and Red Lion, Pennsylvania; Edgefield and Ladson, South
Carolina; Garland, Texas; Burlington and Williston, Vermont; Marion
and Woodbridge, Virginia; Auburn, Washington; Oshkosh, Wisconsin;
Vienna, Austria; Edmonton, London, La Gardeur and Valleyfield,
Canada; St. Etienne, France; Kaiserslautern, Germany; Granada,
La Coruna, Oviedo, Palencia, Sevilla and Trubia, Spain; Kreuzlingen,
Switzerland.
•฀ Marine Systems – San Diego, California; Groton and New London,
Connecticut; Bath and Brunswick, Maine; North Kingstown, Rhode
Island; Chesapeake and Norfolk, Virginia; Mexicali, Mexico.
•฀ Information Systems and Technology – Cullman, Alabama;
Phoenix and Scottsdale, Arizona; San Diego and Santa Clara,
California; Colorado Springs, Colorado; Tampa, Florida; Coralville,
Iowa; Lawrence, Kansas; Annapolis Junction and Towson, Maryland;
Needham, Pittsfield and Taunton, Massachusetts; Ypsilanti, Michigan;
Bloomington, Minnesota; Nashua, New Hampshire; Florham Park,
New Jersey; Greensboro and Newton, North Carolina; Kilgore, Texas;
Arlington, Chantilly, Chesapeake, Fairfax, Herndon and Richmond,
Virginia; Calgary and Ottawa, Canada; Oakdale and Tewkesbury, United
Kingdom.
A summary of floor space by business group on December 31, 2011,
follows:
ITEM 3. LEGAL PROCEEDINGS
For information relating to legal proceedings, see Note N to the
Consolidated Financial Statements contained in Part II, Item 8, of this
Annual Report on Form 10-K.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
Company-owned Leased Government-owned
(Square feet in millions) Facilities Facilities Facilities Total
Aerospace 4.4 4.1 – 8.5
Combat Systems 8.1 5.8 7.4 21.3
Marine Systems 8.0 2.3 – 10.3
Information Systems
and Technology 3.2 8.6 0.9 12.7
Total 23.7 20.8 8.3 52.8