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
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 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
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 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
Ubiquitous General Dynamics Leader Fred Harris to Step Down January 1, 2017; Dirk Lesko to Lead Bath Iron Works; Kevin Graney to Lead NASSCO General Dynamics (NYSE: GD) said that in the wake the retirement of Frederick J. Harris effective January 1, 2017, Dirk A. Lesko will be a vice president of the corporation and appointed as president of General Dynamics Bath Iron Works, and Kevin M. Graney will be a vice president of the corporation and appointed as president of General Dynamics
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
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 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 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
U.S. shipbuilder General Dynamics NASSCO said it has sent the newly built Jones Act tanker Liberty to sea for testing and trials. The 610-foot-long Liberty set sail for the first time on Monday, February 20 to undergo sea trials before delivery later this year.
U.S. shipbuilder General Dynamics NASSCO has delivered the third and final ship for SEA-Vista LLC as part of the builder’s larger eight-ship ECO Class tanker program. The LNG-conversion-ready Jones Act tanker Liberty was delivered on March 1
BAE Systems San Diego Ship Repair, San Diego, California (N00024-16-D-4419); Continental Maritime of San Diego, San Diego, California (N00024-16-D-4420); and General Dynamics, National Steel and Shipbuilding Co., San Diego, California (N00024-16-D-4421), are being awarded a combined $383,058
U.S. President Donald Trump says he wants to build dozens of new warships in one of the biggest peace-time expansions of the U.S. Navy. But interviews with ship-builders, unions and a review of public and internal documents show major obstacles to that plan.
General Dynamics NASSCO Christens Fourth ECO Class ECO Product Carrier for American Petroleum Tankers. On Saturday, September 17, General Dynamics NASSCO hosted a christening ceremony for the fourth ECO Class tanker for American Petroleum Tankers (APT) under construction at the company's
Secretary of the Navy (SECNAV) Ray Mabus announced today that the next ship of the next generation of fleet replenishment oilers will be named USNS Robert F. Kennedy (T-AO 208). A ceremony marking the announcement was held at the John F. Kennedy Presidential Library in Boston.
General Dynamics Mission Systems featured the Bluefin Robotics hovering-autonomous underwater vehicle (H-AUV) at OCEANS 2016 in Monterey, California. The Bluefin Robotics H-AUV locates, identifies and maps structural issues on a ship’s hull including large ocean going cargo ships
General Dynamics NASSCO has delivered Bay State, the fourth of five new Jones Act ECO Class product carriers under contract with American Petroleum Tankers (APT). The vessel was delivered on Monday, September 26 during a signing ceremony at the NASSCO shipyard in San Diego.
On November 8, 2016, shipbuilder General Dynamics NASSCO delivered the American Jones Act-qualified ECO Class tanker Constitution to SEA-Vista LLC. The ship was delivered during a signing ceremony at the builder’s shipyard in San Diego.
The Navy will christen its newest Virginia-class fast attack submarine, the future USS Colorado (SSN 788), during an 11 a.m. EDT ceremony Saturday, Dec. 3 at General Dynamics Electric Boat Shipyard in Groton, Connecticut. The Honorable Ray Mabus, secretary of the Navy
The U.S. Navy has awarded General Dynamics Bath Iron Works, a subsidiary of General Dynamics (NYSE: GD), a $59 million contract for the continuation of Arleigh Burke-class (DDG 51) Lead Yard Services and Flight III Upgrade design efforts. This contract extends the services for engineering
The U.S. Navy has awarded General Dynamics Bath Iron Works, a subsidiary of General Dynamics, a $59 million contract for the continuation of Arleigh Burke-class (DDG 51) Lead Yard Services and Flight III Upgrade design efforts. This contract extends the services for engineering, technical support
General Dynamics Bath Iron Works, Bath, Maine, is being awarded a $125,950,046 cost-plus-award-fee modification to a previously awarded contract (N00024-12-C-4311) for the continuation of integrated planning yard services for Arleigh Burke-class and Oliver Hazard Perry-class ships
The U.S. Navy has awarded General Dynamics Bath Iron Works, a subsidiary of General Dynamics (NYSE: GD), a $126 million contract extension to manage ongoing post-delivery modernization activities for Arleigh Burke-class (DDG 51) destroyers. The contract extension runs through December, 2017
On Wednesday, January 25, General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics (NYSE: GD), began construction on a fifth ship for the U.S. Navy’s Expeditionary Transfer Dock (ESD)/Expeditionary Sea Base (ESB) program.