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 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
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 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
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 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 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
Northrop Grumman has made the prospects of big defense consolidation a bit more interesting, offering to acquire Newport News Shipbuilding in what amounts to a hostile takeover attempt. Citing General Dynamics' proposed takeover of Newport News - a $2.6 billion deal which was announced last week - as "creating an unhealthy monopoly," Northrop Grumman has initiated its own takeover attempt. Specifically, Northrop Grumman's Board of Directors has authorized management to match General
Huntington Ingalls Industries (HII) announced that the company's Newport News Shipbuilding (NNS) division delivered the submarine Minnesota (SSN 783) to the U.S. Navy. The boat, the last of the Block II Virginia-class submarines, delivered nearly 11 months ahead of schedule.
General Dynamics announced that Thomas W. Kirchmaier has been elected a vice president of the corporation and appointed as president of General Dynamics Advanced Information Systems, reporting to David K. Heebner, executive vice president of the company's Information Systems and Technology group
American Shipbuilder General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics, announced that it has entered into a contract with an affiliate of American Petroleum Tankers (APT), a company majority owned by funds managed by Blackstone on behalf of its investors
Austal held a keel-laying ceremony for the fourth Joint High Speed Vessel Fall River (JHSV 4), one of ten Austal-designed 103-meter U.S. Navy Joint High Speed Vessels under contract with the U.S. Navy. The ship’s sponsor, Diane Bemus Patrick
Joint High Speed Vessel 'USNS Choctaw County' (JHSV 2) has successfully completed Acceptance Trials in the Gulf of Mexico. This milestone achievement involved the performance of intense comprehensive tests by the Navy while underway, which demonstrated the successful operation of the ship’s
General Dynamics NASSCO recently delivered USNS Montford Point (MLP-1), the lead ship of the Mobile Landing Platform (MLP) class, to the U.S. Navy. The ship is named in honor of Camp Montford Point, the Jacksonville, N.C., site where the first African-American Marines were trained.
General Dynamics Advanced Information Systems was awarded a contract by Austal USA to be the Platform Systems Engineering Agent (PSEA) of Littoral Combat Ships (LCS) 14 and 16. These are the fifth and sixth ships of the Independence-variant LCS to be ordered by the U.S
The U.S. Navy awarded General Dynamics Electric Boat a $20 million contract modification for nuclear-maintenance work for submarines homeported at the Naval Submarine Base in Groton. Electric Boat is a wholly owned subsidiary of General Dynamics.
The U.S Navy awarded General Dynamics Electric Boat a $9.5 million contract modification to plan and perform maintenance and modernization work on USS Hartford, a Los Angeles-class attack submarine. Electric Boat is a wholly owned subsidiary of General Dynamics.
U.S. Department of Defense awards a firm-price-fixed modification contract to General Dynamic for maintenance & modernization of the submarine. General Dynamics Electric Boat Corp., Groton, Conn., is being awarded a $9,504,885 firm-fixed-priced modification to previously awarded
General Dynamics Advanced Information Systems completes the critical design review for 'Knifefish', the surface-mine countermeasure unmanned undersea vehicle (SMCM UUV). Knifefish is an essential component of the Littoral Combat Ship (LCS) mine countermeasure (MCM) mission package, providing U.S
The Navy's amphibious assault ship 'USS Essex' is dry docked at General Dynamics NASSCO for at least $150 million in repairs and upgrades. USS Essex, which displaces more than 40,000 tons when loaded for combat, is the biggest Navy ship that can fit into dry dock at NASSCO
General Dynamics NASSCO San Diego Shipyard the venue of the christening by Alexis (Jackie) Bolden. The U.S. Navy's newest ship, USNS Montford Point (MLP-1) named in honor of Camp Montford Point, the Jacksonville, N.C., site where the first African-American Marines were trained
General Dynamics Electric Boat awarded submarine safety and maintenance contract. The U.S. Navy has awarded General Dynamics Electric Boat a contract to perform submarine safety program (SUBSAFE) and intermediate submarine maintenance work for submarines
U.S. Navy awards General Dynamics Electric Boat a US$42-million for 'USS Hartford' maintenance and modernization. The contract modification is for routine work on the Los Angeles-class attack submarine. Under the terms of the contract, Electric Boat will perform a dry-docking selected restricted