M&A Deal Summary

General Dynamics Acquires Saco Defense

On May 11, 2000, General Dynamics acquired defense company Saco Defense from New Colt Holding

Acquisition Highlights
  • This is General Dynamics’ 1st transaction in the Defense sector.
  • This is General Dynamics’ 4th transaction in the United States.
  • This is General Dynamics’ 1st transaction in Maine.

M&A Deal Summary
Date 2000-05-11
Target Saco Defense
Sector Defense
Buyer(s) General Dynamics
Sellers(s) New Colt Holding
Deal Type Divestiture

Target

Saco Defense

Saco, Maine, United States
Saco Defense Corporation will become a subsidiary of General Dynamics Armament Systems, and will be known as General Dynamics Weapon Systems. provides services in business aviation, information systems, shipbuilding and marine systems, and land and amphibious combat systems.

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Buyer(S) 1

Buyer

General Dynamics

Reston, Virginia, United States
Category Company
Founded 1899
Sector Defense
Employees100,000
Revenue 42.3B USD (2023)
DESCRIPTION
General Dynamics' Ordnance and Tactical Systems unit located in St. Petersburg, Florida.
General Dynamics' Ordnance and Tactical Systems unit located in St. Petersburg, Florida.

General Dynamics is an aerospace and defense company. It manufacturers business jets as well as provides combat systems to the US military. General Dynamics was founded in 1952 and is based in Reston, Virginia.

DEAL STATS #
Overall 4 of 30
Sector (Defense) 1 of 5
Type (Divestiture) 1 of 3
State (Maine) 1 of 1
Country (United States) 4 of 26
Year (2000) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-09-01 General Dynamics C4 Systems

Scottsdale, Arizona, United States

General Dynamics C4 Systems is an integrator of secure communication and information systems and technology.

Buy $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-05-22 InfoWorkSpace

United States

InfoWorkSpace provides a secure virtual office where users can build online meeting places organized into virtual buildings, floors and rooms to meet and interact on projects in real time.

Sell $21M

Seller(S) 1

SELLER

New Colt Holding

West Hartford, Connecticut, United States
Category Company
Founded 1994
Sector Defense
DESCRIPTION

New Colt Holding Corp. manufacture military products.

DEAL STATS #
Overall 1 of 1
Sector (Defense) 1 of 1
Type (Divestiture) 1 of 1
State (Maine) 1 of 1
Country (United States) 1 of 1
Year (2000) 1 of 1
Mergr

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