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

|About: General Dynamics Corporation (GD)|By:, SA News Editor

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)