General Dynamics Corporation $1 Billion Notes Offering

Davis Polk advised the joint book-running managers on an SEC-registered offering by General Dynamics Corporation of $500 million aggregate principal amount of 2.375% notes due 2024 and $500 million aggregate principal amount of 2.625% notes due 2027. The notes are fully and unconditionally guaranteed by certain subsidiaries of General Dynamics.

Headquartered in Falls Church, Virginia, General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions and shipbuilding and ship repair.

The Davis Polk corporate team included partners Richard A. Drucker and John G. Crowley and associates Jennifer Ying Lan, Brian Fox and Yoojin L. Kim. Partner Michael Mollerus and associates Catherine L. Chu and Gil Savir provided tax advice. Counsel Betty Moy Huber and associate Yuko Masunaga provided environmental advice. All members of the Davis Polk team are based in the New York office.