Marine link
 

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


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 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


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


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.


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).


U.S. Navy Commissions Electric Boat

General Dynamics Electric Boat has been awarded a $12.5 million contract modification by the U.S. Navy to develop advanced submarine technologies for current and future undersea platforms. Electric Boat is a wholly owned subsidiary of General Dynamics. Under the terms of the modification, General Dynamics Electric Boat will perform advanced submarine research and development studies in support of a wide range of technology areas including manufacturability, maintainability, survivability


General Dynamics Wins $33 Million U.S. Navy Contract

General Dynamics Armament and Technical Products was awarded a $32.6 million multi-year contract by the U.S. Navy for the production of MK82 gun and guided-missile directors and MK200 director controllers for six Aegis Weapon System ship sets. The MK82 director, commanded by the MK200 controller, positions the fire control antenna to illuminate targets and provide guidance to missiles used for fleet defense from anti-ship missile threats and for ballistic missile defense


General Dynamics gets $25 mi GPS Contract from Lockheed Martin

  General Dynamics Advanced Information Systems, a business unit of General Dynamics, was awarded a $25.4 million full-production contract from Lockheed Martin to support the U.S. Air Force Global Positioning System (GPS) III Network Communications Element (NCE) for space vehicles seven and


General Dynamics Gets $67mi Order from Peruvian Govt.

  The Peruvian Ministry of Defence has awarded a USD$67 million contract to General Dynamics Land Systems-Canada for 32 Light Armoured Vehicles (LAVs) for the Peruvian Marines. General Dynamics Land Systems, the Canadian company's parent corporation, is a business unit of General Dynamics


General Dynamics Reports 2Q 2014 Earnings

Phebe N Novakovic , Chairman and CEO

  General Dynamics today reported 2014 second-quarter earnings from continuing operations of $646 million, or $1.88 per share on a diluted basis, compared to second-quarter earnings from continuing operations in 2013 of $640 million, or $1.81 per diluted share


General Dynamics Launches Morgan County NextGen-911

  General Dynamics Information Technology, a business unit of General Dynamics, has implemented a NextGen-911 emergency service solution for Morgan County, Ohio. The NextGen-911 solution enables Morgan County to easily accept emergency information from a variety of sources and provides first


General Dynamics Fidelis Cybersecurity Solutions Tie-up with Microsoft

  General Dynamics Fidelis Cybersecurity Solutions announced that it has joined the Microsoft Active Protections Program (MAPP). Under this industry partnership program, General Dynamics Fidelis will receive advanced information from Microsoft about their monthly security bulletins


General Dynamics to Continue ACV Testing

General Dynamics logo

  General Dynamics Land Systems, a business unit of General Dynamics is continuing work on an Amphibious Combat Vehicle (ACV) solution for the U.S. Marine Corps. The recently awarded five-month contract extension, valued at $7 million


Feedback helps Evolves Mobile Wireless “Hotspot”

Image Soldiers Network courtesy General Dynamics

  General Dynamics C4 Systems - built Warfighter Information Network - Tactical (WIN-T) Increment 2 Soldier Network Extension (SNE) continues evolving with new capabilities based on soldier feedback and mission-centered innovation. In addition to recent updates that make the SNE more


ACV Development: DoD Award Contract Modifications

Hi-speed amphibious craft: Photo from US Marine Corps video

The US Department of Defense informs it has awarded contract modifications to previously awarded contracts with BAE Systems Land & Armaments, as well as with General Dynamics Information Technology to understand the risks and assist the government in determining the best approach for


USS AOTOS 2014 Award Winners Named

USS AOTOS logo

The United Seamen's Service (USS) informs that 2014 Admiral of the Ocean Sea Awards (AOTOS) will be presented to Stephen Cotton, General Secretary of the International Transport Workers' Federation (ITF); Joseph J. Cox, President/CEO, Chamber of Shipping of America; and Frederick J


NASSCO to Build Additional Tanker for APT

General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics (GD), has entered into a contract with an affiliate of American Petroleum Tankers (APT), a wholly owned subsidiary of Kinder Morgan Energy Partners, L.P. (KMP), for the design and construction of an additional 50


GD NASSCO Awarded MLP4 Contract Modification

MLP 4 rendering courtesy of USN

US Department of Defense inform that General Dynamics National Steel and Shipbuilding Co., San Diego, California, is being awarded a not-to-exceed US$64,056,766 modification under a previously awarded contract (N00024-09-C-2229) to procure advance material for the Mobile Landing Platform 4 (MLP4)


GD NASSCO Awarded USS Boxer Contract Modification

USS Boxer berthing: Photo USN

US Department of Defense informs that General Dynamics National Steel and Shipbuilding Co., San Diego, California, is being awarded a US$20,745,556 modification to previously awarded cost-plus-award-fee contract (N00024-13-C-4404) for 'USS Boxer' (LHD 4) fiscal 2014 phased maintenance availability


Northrop Grumman Turbine Generators Selected for USN ORP

northrop grumman logo 3 web.jpg

Northrop Grumman selected to provide turbine generator units for U.S. Navy's Ohio Replacement Submarine Program Northrop Grumman Corporation announced it has been awarded a contract by shipbuilder General Dynamics Electric Boat to complete detailed design and subsequent manufacturing, assembly


Electric Boat Awarded Submarine Repair Contract Modification

Image credit GDEBC

US Department of Defense informs that a $9,048,214 cost-plus-fixed-fee modification to the previously awarded contract (N00024-13-C-4308) has been awarded to General Dynamics Electric Boat Corp., Groton, Connecticut. The contract is to incrementally fund previously exercised options to provide


General Dynamics: $17.6B Contract for Submarines

The Virginia-class attack submarine Pre-Commissioning Unit (PCU) Minnesota (SSN 783) is shown during sea trials.  (U.S. Navy photo courtesy of Huntington Ingalls Industries/Released)

The U.S. Navy awarded General Dynamics Electric Boat a contract valued at $17.6 billion for the construction of 10 additional Virginia-class submarines. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD). The multi-year Block IV contract enables Electric Boat and its






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright