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Monday, Aug 27
2012, 2:26 PM
General Dynamics (GD +0.4%) acquires the defense operations of Gayston Corporation, a privately...
General Dynamics (GD +0.4%) acquires the defense operations of Gayston Corporation, a privately held supplier of precision metal components used in the manufacture of rocket motor tubes for the U.S. Army's Hydra-70 air-to-ground rocket program. It also provides liners and cartridges for 40mm ammunition rounds and components for 60-120mm mortar rounds. The company expects the deal to be accretive to earnings in 2013. Terms of acquisition have not been disclosed.