General Dynamics belongs to trade associations that represent a broad array of professional and industrial interests. The majority of the company’s trade association expenditures occur in several large associations: Aerospace Industries Association (AIA), National Business Aviation Association (NBAA), and the General Aviation Manufacturing Association (GAMA).
The company’s AIA membership constitutes the largest portion of our annual trade association expenditures. We, along with senior executives of other defense companies, sit on AIA’s executive committee which oversees the association’s activities.
AIA, along with many of the other trade associations to which the company belongs, engages in promoting industry-friendly positions on legislative and policy issues.
2011 Trade Association Dues: $3M*
* Business Development/Customer-related dues greater than $5,000
Decisions by the company to join trade associations are based on an evaluation of several factors, including:
Senior management reviews trade memberships annually to assess the company’s return on investment and subsequently decides if continued membership is appropriate.
The company’s Board of Directors is briefed annually on trade association expenditures.