Seeking Alpha

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.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)