M&A Deal Summary

General Dynamics Acquires Metro Machine

On September 21, 2011, General Dynamics acquired marine company Metro Machine

Acquisition Highlights
  • This is General Dynamics’ 1st transaction in the Marine sector.
  • This is General Dynamics’ 19th transaction in the United States.
  • This is General Dynamics’ 6th transaction in Virginia.

M&A Deal Summary
Date 2011-09-21
Target Metro Machine
Sector Marine
Buyer(s) General Dynamics
Deal Type Add-on Acquisition

Target

Metro Machine

Norfolk, Virginia, United States
Metro Machine Corp. is an East Coast surface-ship repair company that supports the U.S. Navy fleet in Norfolk, Va. Metro Machine operates a Norfolk shipyard which includes the docks and warehouses of the Imperial Tobacco Company and the property of the former Old Dominion Shipyard located in the Berkley Section of Norfolk. This facility was progressively upgraded by the addition of machinery and equipment to provide modern facilities.

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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 23 of 30
Sector (Marine) 1 of 1
Type (Add-on Acquisition) 20 of 27
State (Virginia) 6 of 8
Country (United States) 19 of 26
Year (2011) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-18 Network Connectivity Solutions

Hagerstown, Maryland, United States

NETCONN provides enterprise information technology (IT) services to the Defense Information Systems Agency (DISA) and other DoD agencies. NETCONN supports net-centric IT operations, including data center infrastructure, value engineering, information assurance and edge computing. The company is based in Hagerstown, Md., and has approximately 160 employees.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-30 Vangent

Arlington, Virginia, United States

Vangent, Inc. is a premier provider of Consulting, Systems Integration, Human Capital Management and Business Process Outsourcing services to the U.S. federal and international governments, higher education institutions, student financial aid entities and corporations.

Buy $960M
Mergr

Product

Company

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