General Dynamics Completes Metro Machine Acquisition

press release
Monday, October 31, 2011

Transaction expands company’s capabilities in ship repair market.

General Dynamics (NYSE: GD) today completed its acquisition of Metro Machine Corp., a leading East Coast surface-ship repair company that supports the U.S. Navy fleet in Norfolk, Va. The value of the cash transaction has not been disclosed. Metro Machine Corp. now becomes part of the shipbuilding and repair operations of San Diego-based General Dynamics NASSCO, a leading provider of ships to the Navy, a major producer of commercial vessels and the largest shipbuilding and repair company on the West Coast.

“The addition of Metro Machine enhances our ability to compete in the growing naval ship repair market,” said Fred Harris, president, General Dynamics NASSCO. “We have added a solid team with a successful track record that will strengthen our ability to deliver cost-effective maintenance and repair services to the U.S. Navy on the East Coast.” General Dynamics NASSCO, a business unit of General Dynamics, is a prime contractor for multi-ship, multi-option (MSMO) contracts for Navy combat and support ships, including frigates (FFGs), dock landing ships (LSDs), amphibious transport ships (LPDs) and amphibious assault (LHA/LHD) ships. MSMO contracts provide for maintenance, modernization and repair to all ships of a class in specific homeport areas. With the addition of former Metro Machine Corp. employees, General Dynamics NASSCO now employs approximately 3,850 people.

Maritime Reporter October 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


French President Inaugurates CMA CGM’s New Mega Ship

The CMA CGM Bougainville, the largest containership sailing under French flag, was inaugurated Tuesday by French President François Hollande in Le Havre.   Other

Wärtsilä 31 Engine for Aker ARC 124 Icebreaker

The recently introduced Wärtsilä 31 engine, which has been acknowledged by Guinness World Records as being the world's most efficient four-stroke diesel engine,

Tsakos Fixes Three LR2s on Timecharter

Crude, product and LNG tanker operator Tsakos Energy Navigation Ltd (TNP) announced the charter for an average of 36-months per vessel for its three LR2 Aframax

Marine Equipment

Chevron Cylinder Oil Gains NOL from Wärtsilä

Chevron Marine Lubricants’ 100BN cylinder oil, Taro Special HT 100 has received approval for its use in another engine range – products made by Winterthur Gas & Diesel Ltd.

Hapag-Lloyd Announce Service Improvement

For the benefit of increased schedule reliability, Hapag-Lloyd and partner lines have decided to take the following measures: Implementation of a fourth vessel

Volvo Penta Doubles Service Interval

Volvo Penta today announced a new extended service interval for its commercial marine diesel engines.   Under the new program, owners can double the maximum oil change interval to 1,

Maritime Security Maritime Standards Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1146 sec (9 req/sec)