12 May, 2010 9:06 AM
FALLS CHURCH, Va., -General Dynamics (NYSE: GD) announced today that it has acquired EBV Explosives Environmental Company, an industry leader in demilitarization, incineration and disposal of munitions, explosives and explosive wastes. Terms of the cash transaction have not been disclosed; the acquisition will be accretive to General Dynamics' earnings in 2010.
The organization will become part of General Dynamics Ordnance and Tactical Systems, a business unit of General Dynamics, and will be known as General Dynamics Ordnance and Tactical Systems - Munition Services. It is based outside of Joplin, Missouri, and has approximately 130 employees.
"EBV's unique capabilities and experience expand our munitions-related portfolio, and strengthen our position as a systems contractor for demilitarization," said Michael S. Wilson, president of General Dynamics Ordnance and Tactical Systems. "This acquisition is a strategic step in meeting our long-term customer-service objective of providing a broad array
of demilitarization and related services."
Wilson continued, "We acquired EBV because it is a high-performance organization with talented, dedicated, customer-focused employees, and we look forward to welcoming them all to General Dynamics."
Technorati Tags:
Acquisition, General Dynamics (NYSE:GD)
No comments:
Post a Comment