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
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 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 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
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 $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
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
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
Included in the latest list of US Department of Defense contracts are those for a USACE Mississippi River dredging operation, and a Navy contract for the phased maintenance of the 'USS San Antonio'. Dredging contract: Conti Enterprises Inc., Lincoln Highway, Edison, N.J
Amongst the listing of new Department of Defense, Navy contracts. are those issued to Vigor Marine and to General Dynamics NASSCO, briefly as follows: Vigor Marine LLC, Portland, Ore., is being awarded a $12,954,046 firm-fixed-price contract for a 120-calendar day post shakedown availability
The U.S. Navy awarded General Dynamics Electric Boat two contract modifications worth a total value of $16.8 million to perform nuclear and nonnuclear maintenance work for submarines homeported at the Naval Submarine Base in Groton. Electric Boat is a wholly owned subsidiary of General Dynamics
General Dynamics Bath Iron Works, Bath, Maine, is listed by the US Department of Defense, as having been awarded a $73,913,646 Navy contract modification to previously awarded contract (N00024-12-C-4311) for DDG 51 and FFG 7 class warship integrated planning yard services.
General Dynamics Electric Boat, General Dynamics Bath Iron Works, Maersk Line, and Offshore Vessels Inc. have all been awarded contracts by the US Department of Defense in its latest listing of Navy contracts, as follows: General Dynamics Electric Boat Corp., Groton, Conn
The U.S. Navy has awarded General Dynamics Electric Boat a $25.7 million contract to prepare and perform maintenance and modernization work on the USS Providence (SSN-719), a Los Angeles-class attack submarine. Electric Boat is a wholly owned subsidiary of General Dynamics.
Independence-variant Littoral Combat Ship 'Coronado' (LCS 4) was delivered by shipbuilders Austal to the Navy on September 27, 2013, after successfully completing Acceptance Trials. The delivery ceremony took place on Coronado’s flight deck and was attended by personnel from the LCS
General Dynamics reported third-quarter 2013 net earnings of $651 million, or $1.84 per share on a diluted basis, on revenues of $7.8 billion. This compares to 2012 third-quarter net earnings of $600 million, or $1.70 per diluted share, on revenues of $7.9 billion
General Dynamics Electric Boat, a wholly owned subsidiary of General Dynamics, will christen North Dakota (SSN-784), the U.S. Navy’s newest and most advanced nuclear-attack submarine, at its shipyard here on Saturday, Nov. 2, at 11 a.m.
Amongst the latest Ministry of Defense, Navy, contracts, General Dynamics Electric Boat Corp., Groton, Conn., is awarded an $18,195,519 cost-plus-fixed-fee modification to previously awarded contract (N00024-12-C-2100) for reactor plant planning yard services for nuclear-powered submarines and
The U.S. Navy has awarded General Dynamics Electric Boat an $18.2 million contract modification to perform reactor-plant planning yard services for nuclear submarines and support-yard services for moored training ships. Electric Boat is a wholly owned subsidiary of General Dynamics.
General Dynamics NASSCO today hosted a keel laying ceremony for the USNS Lewis B. Puller, the third ship in the Mobile Landing Platform (MLP) class. The ship is named in honor of Lewis B. Puller, the most decorated U.S. Marine in history and the only one to be awarded five Navy Crosses. Mrs
A major harbor dredging contract, and another for work on a Navy floating dry-dock figure in the latest list of Department of Defense awards, as follows: Dredging Great Lakes Dock and Dredge Company LLC, Oak Brook, Ill., was awarded a $10,273
General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics, has entered into a contract with Seabulk Tankers, Inc., a wholly owned subsidiary of SEACOR Holdings Inc., for the design and construction of one 50,000 deadweight ton LNG-conversion-ready product carrier with a 330
General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics, has entered into a contract with Seabulk Tankers, Inc., a wholly owned subsidiary of SEACOR Holdings Inc. for the design and construction of a 50,000 deadweight ton LNG-conversion-ready product carrier with a 330