Marine Link
Saturday, December 10, 2016

General Dynamics Completes Acquisition of Earl Ship Repair

August 2, 2012

Completion of this transaction expands General Dynamic's capabilities in ship-repair market.

General Dynamics has completed its acquisition of the Ship Repair and Coatings Division of Earl Industries, a leading East Coast ship-repair company that supports the U.S. Navy fleet in Norfolk, Va., and Mayport, Fl.  The acquisition is expected to be accretive to General Dynamics' earnings in 2013.

The Ship Repair and Coatings Division of Earl Industries is a prime contractor for nuclear aircraft carrier (CVN) multi-ship, multi-option (MSMO) contracts.  MSMO contracts provide for maintenance, modernization and repair to all ships of a class in specific homeport areas. 

The company also provides maintenance and repair services to frigates and other classes of naval ships.  It now becomes part of the shipbuilding and repair operations of San Diego-based General Dynamics (GD) NASSCO, a leading provider of ships to the Navy and a major producer of Jones Act commercial vessels.

"The acquisition of the Ship Repair and Coatings Division of Earl Industries 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."

 



 
Maritime Reporter Magazine Cover Nov 2016 - Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News