Business

August 29, 2012

General Dynamics acquires Gayston Corporation’s defense operations

General Dynamics has acquired the defense operations of Gayston Corporation, a privately held company that supplies precision metal components used in several munitions programs.

The value of the cash transaction, which General Dynamics expects to be accretive to earnings in 2013, has not been disclosed.

Gayston’s defense operations employ 187 people at a state-of-the-art facility in Springboro, Ohio, which is optimized for aluminum impact extrusion manufacturing. Among its products, Gayston manufactures 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 to a variety of customers.

The defense operations of Gayston will become part of Charlotte, N.C.-based General Dynamics Armament and Technical Products, a leading provider of high-performance weapon and armament systems, composite products and heavy-duty off-road axle and suspension systems to the U.S. military, allied forces and commercial customers.

“The acquisition of Gayston’s defense operations expands our critical manufacturing capability to cost-efficiently produce high-precision parts in large quantities,” said Michael J. Mulligan, president of General Dynamics Armament and Technical Products. “The acquisition also provides us with more opportunities to participate in high-performance weapon system programs.”




All of this week's top headlines to your email every Friday.


 
 

 

Headlines July 30, 2014

News: Software to power F-35 running as much as 14 months late¬†- Software needed to operate Lockheed Martin’s F-35 jet, the Pentagon’s costliest weapons system, may be as much as 14 months late for required flight testing, according to a Pentagon review.   Business: Lockheed will turn on JLTV production line In August; 6-D truck...
 
 

News Briefs July 30, 2014

U.S. military deaths in Afghanistan at 2,197 As of July 29, 2014, at least 2,197 members of the U.S. military had died in Afghanistan as a result of the U.S.-led invasion of Afghanistan in late 2001, according to an Associated Press count. At least 1,819 military service members have died in Afghanistan as a result...
 
 
Lockheed Martin photograph by Tom Reynolds

F-35B successfully completes wet runway, crosswind testing

Lockheed Martin photograph by Tom Reynolds F-35B aircraft BF-4, piloted by Lockheed Martin Test Pilot Dan Levin, starts down the runway as part of wet runway and crosswind testing at Edwards AFB, Calif. In an important program ...
 

 
boeing-chinook

Boeing delivers first U.S. Army multiyear II configured Chinook

Boeing July 29 delivered the first multiyear II configured CH-47F Chinook helicopter to the U.S. Army one month ahead of schedule. The delivery was celebrated in a ceremony at the production facility in Ridley Township, Penn. ‚...
 
 
Army photograph by SSgt. Angela Stafford

Engineers developing safer, more accurate tracer round

Army photograph Tracer rounds enable the shooter to follow the projectile trajectory to make aiming corrections. However, the light emitted by these rounds also gives away the position of the shooter. Engineers at Picatinny Ars...
 
 
NASA photograph by Carla Thomas

Katherine Lott awarded NASA Armstrong employee scholarship

NASA photograph by Carla Thomas Katherine Lott, the recipient of the 2014 NASA Armstrong Employee Exchange Council Joseph R. Vensel Memorial Scholarship, is congratulated by NASA Armstrong center director David McBride. Flankin...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>