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General Dynamics (GD +0.9%) consolidates its Armament and Technical Products division into its...

General Dynamics (GD +0.9%) consolidates its Armament and Technical Products division into its Ordnance and Tactical Systems unit, a move which will result in the closure of the armament and technical products' North Carolina headquarters by the end of the year. The company cites "changing demand and increasing competition" and comes as the Pentagon warns of $52B in mandatory spending cuts. (PR)
Comments (1)
  • The end
    , contributor
    Comment (1) | Send Message
     
    Never understood why the North Carolina headquarters was there any way there is no production there to support it !!! It lived off the rest of the production units !! Have to be saving a ton of money smart move
    17 Jul 2013, 05:32 PM Reply Like
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