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General Dynamics

GD To Acquire Division of Motorola For $825 Million

Defense contractor General Dynamics Corp. on Monday said it agreed to acquire a division of wireless technology giant Motorola Inc. for $825 million, in a move to strengthen its communications and information technology operations. The deal, which is expected to close in 60 days, would enhance General Dynamics' earnings immediately, the Falls Church, Va.-based company said. It is buying Motorola's Integrated Information Systems Group (IISG) based in Scottsdale, Ariz., which provides defense and other government customers with technologies, products and systems for secure communications and integrated communication systems. The business would become part of General Dynamics' Information Systems and Technology group. A top General Dynamics official said that the company expects the acquisition to add $100 million of earnings before interest and taxes for 2002 on revenues of $830 million. This will add to the $2.4 billion in revenues General Dynamics already records from its existing communications and IT business. General Dynamics, which is paying for the transaction through debt, is also assuming certain liabilities of the Motorola unit. Rating agency Standard & Poor said the deal would have no impact on its current 'stable' rating. Besides strengthening General Dynamics' position in communications and information technology for military and government customers, General Dynamics said in a statement, the deal will enhance company capabilities in command


NASSCO Bags $24 mi Award for Littoral Combat Ships Sustainment

Littoral Combat Ships Courtesy Wikipedia

  General Dynamics NASSCO has been awarded a $24.1 million contract by the U.S. Navy for Littoral Combat Ships (LCS) sustainment execution in support of LCS' home-ported in or visiting San Diego. General Dynamics NASSCO is a business unit of General Dynamics (NYSE: GD). Under the contract, General Dynamics NASSCO will plan, furnish material and provide support and facilities to maintain and modernize twelve LCS-class ships. This contract covers both variants, Freedom and Independence


General Dynamics Awards Contract to Marotta

General Dynamics Bath Iron Works, a business unit of General Dynamics has awarded Marotta a contract to provide solenoid valves on the DDG-51 Class of Navy ships. The contract with options is valued at over $500,000. "The awarding of this contract is another strong indication of Marotta's solid and continually expanding relationship with General Dynamics and speaks well of the high-quality products we are providing to them," said Mike Leahan, Vice President and Chief Sales Officer at Marotta


Newport News, General Dynamics Terminate Merger Agreement

Newport News Shipbuilding, (NNS) and General Dynamics (GD), have agreed to terminate their agreement and plan of merger. The companies entered into an agreement on April 24, 2001, and a tender offer by General Dynamics commenced on May 4, 2001.


Navy Awards $87m Deal for Mine Countermeasure UUV

The U.S. Navy’s Naval Sea Systems Command has awarded General Dynamics Advanced Informational Systems a contract to design and build the Surface Mine Countermeasure Unmanned Underwater Vehicle (SMCM UUV) system. The system will initially be a part of the Littoral Combat Ship Mine Warfare mission package. The contract has a maximum potential value of $86.7 million for one Engineering Development Model (EDM) and five low-rate initial production systems if all options are exercised


General Dynamics Wins $12m Navy Deal

General Dynamics Awarded $12 Million for Virginia-Class Repair Parts   General Dynamics Electric Boat has received an $11.5 million contract modification from the U.S. Navy to provide on-board repair parts for Virginia-class submarines. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD). The modification was exercised under the $14 billion contract awarded to Electric Boat in December 2008 for the construction of eight Virginia-class submarines


General Dynamics Awarded $33m in Navy SeaPort-e Orders

General Dynamics Information Technology, a business unit of General Dynamics, has been awarded four SeaPort-e task orders by the U.S. Naval Sea Systems Command (NAVSEA) Combat Direction Systems Activity (CDSA) at Dam Neck, Va., to support its intelligence and temporary alteration programs. General Dynamics will continue to provide and expand its system lifecycle deployment and operational engineering support services for the programs’ equipment, systems, subsystems, components


GD Canada Wins $128M Contract

General Dynamics’ Canadian subsidiary, General Dynamics Canada, was awarded a contract valued at $128 million by the Canadian Department of National Defense to supply and integrate a new data management system for the CP-140 Aurora, Canada’s long-range maritime patrol aircraft, as part of the ongoing Aurora Incremental Modernization Project (AIMP). Under the contract, General Dynamics Canada will supply a new mission computer, integrate upgraded sensors


General Dynamics Awarded $12M to Upgrade Sub

General Dynamics Advanced Information Systems was awarded an $11.5m modification to a previously awarded contract to provide engineering and technical services for the AN/BYG-1 weapons control system for SSN21-, Virginia- and SSN688/688I-class submarines. This contract modification is the second-year option of a multi-year contract awarded in July 2009. General Dynamics Advanced Information Systems is a business unit of General Dynamics (NYSE: GD).


General Dynamics Upgrades RVSS for CPB

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  General Dynamics successfully completed the initial field deployment and test of the Remote Video Surveillance System (RVSS) upgrade for the U.S. Department of Homeland Security's Customs and Border Protection (CBP). This test demonstrated many technical capabilities of the RVSS system and is a key program milestone in its deployment schedule. U.S. Border Patrol agents are currently operating the RVSS in Nogales, Ariz


US Navy Orders General Dynamics' DMR Radios

The U.S. Navy awarded a contract modification to General Dynamics Mission Systems to build and deliver more than 30 new AN/USC-61(C) Digital Modular Radios (DMR), along with related materials and equipment for new Navy surface vessels and submarines.  


General Dynamics Bags $ 47 mi US Navy Contract

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General Dynamics Information Technology, a business unit of General Dynamics (NYSE: GD), was awarded a contract to provide information technology services and security assistance support to the Naval Supply Systems Command Weapon Systems Support (NAVSUP WSS) and Navy International Programs Office


NASSCO Lays Keel for Jones Act Tanker Liberty

Photo: General Dynamics NASSCO

U.S. shipbuilder General Dynamics NASSCO hosted a keel laying ceremony on Thursday, May 26 for the Liberty, one of three new ECO Class Jones Act tankers under a construction contract with SEA-Vista LLC, a partnership between SEACOR Holdings, Inc. and Avista Capital Partners.   


USS Michael Monsoor Christened

Sally Monsoor christens the future USS Michael Monsoor (DDG 1001), which is named in honor of her son, Medal of Honor recipient Navy Petty Officer 2nd Class (SEAL) Michael A. Monsoor. (U.S. Navy photo courtesy of Bath Iron Works)

The U.S. Navy’s newest guided-missile destroyer, Michael Monsoor (DDG 1001), was christened on Saturday, June 18 at General Dynamics Bath Iron Works shipyard in Bath, Maine.   The second ship of the Zumwalt-class, DDG 1001 is named for Petty Officer 2nd Class Michael Monsoor


General Dynamics Bags Replacement Submarine Award

Ohio Replacement Submarine Photo Wikipedia

  The U.S Navy has awarded General Dynamics Electric Boat an $89.8 million contract modification to continue development of the Common Missile Compartment for the U.S. Navy’s Ohio Replacement submarine and the Royal Navy’s Successor-class ballistic-missile submarine


SEWIP 1B3 Production Contract for General Dynamics

US Navys SEWIP Courtesy USN

  The U.S. Navy has awarded a production contract for its Surface Electronic Warfare Improvement Program (SEWIP) Block 1B3 to General Dynamics Mission Systems. General Dynamics will deliver Block 1B3 system upgrades over the next five years


NASSCO Delivers Second LNG Containership

Perla Del Caribe (Photo: General Dynamics NASSCO)

 Fueled by liquefied natural gas, the Perla Del Caribe will join its sister ship, the Isla Bella, as the greenest containerships in the world.   U.S. shipbuilder General Dynamics NASSCO today delivered the world’s second containership to be operated by liquefied natural gas (LNG)


Electric Boats Look Bullish

Image: General Dynamics Electric Boat

 General Dynamics Electric Boat expects to hire nearly 4,000 people in the coming years as it ramps up production on Navy submarines, the Associated Press reports.   Electric Boat is projecting a positive outlook for 2016 for revenue and employment, saying 1


Pentagon Chief Unveils Plans to Buy More High-end Ships

U.S. Secretary of Defense Ash Carter (Photo: U.S. Department of Defense)

U.S. Defense Secretary Ash Carter on Wednesday mapped out plans for the U.S. Navy to buy more high-end submarines, destroyers, fighter jets and unmanned underwater vehicles using $8 billion in savings generated by scaling back orders for smaller Littoral Combat Ships.  


US Contract for Next Generation Nuclear Sub Planning Program

Image: General Dynamics Electric Boat.

 The US Navy has awarded General Dynamics Electric Boat a $23.6 million contract to continue development work on the Ohio-class replacement nuclear submarine, General Dynamics said in a press release.   "Under the terms of the modification


Shipbuilding: General Dynamics NASSCO Wins Navy Deal

General Dynamics NASSCO has been awarded a contract by the U.S. Navy to support amphibious warfare and surface combatant ships home-ported in the Port of San Diego. The indefinite delivery, indefinite quantity contract has a total potential value of $1.32B among three awardees.


Damaged US Warship Heads to San Diego for Repairs

USS Fort Worth (U.S. Navy photo by Joe Bishop)

The USS Fort Worth, a U.S. warship that suffered damage to its combining gears in Singapore in January, will travel to San Diego under its own power for extensive repairs at a General Dynamics Corp shipyard, the U.S. Navy said Wednesday. The new coastal warship, built by Lockheed Martin Corp


APT’s 2nd ECO Class Product Carrier Christened

Magnolia State (Photo: General Dynamics NASSCO)

 On Saturday, April 23, General Dynamics NASSCO hosted a christening ceremony for the second Jones Act ECO Class tanker for American Petroleum Tankers (APT) under construction at the company's shipyard in San Diego. U.S. Representative Scott Peters spoke at the ceremony


NASSCO Delivers First ECO Class Tanker for SEA-Vista

Photo: General Dynamics NASSCO

On Thursday, April 28, 2016, General Dynamics NASSCO delivered the first ship in a series of three ECO Class tankers currently under construction for SEA-Vista LLC. The newly-built Independence is a 610-foot, 50,000 deadweight-ton, LNG-conversion-ready product tanker with a 330


NASSCO Christens Jones Act ECO Tanker

Garden State (Photo: General Dynamics NASSCO)

U.S. shipbuilder General Dynamics NASSCO launched and christened Garden State, another ECO Class tanker due to join the Jones Act fleet.   Launched and christened on Saturday, May 7, the new ship, will join the ranks as one of the most fuel-efficient and environmentally friendly product






 
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