M&A Deal Summary

General Dynamics Acquires Veridian

On June 8, 2003, General Dynamics acquired information technology company Veridian for 1.5B USD

Acquisition Highlights
  • This is General Dynamics’ 3rd transaction in the Information Technology sector.
  • This is General Dynamics’ 5th largest (disclosed) transaction.
  • This is General Dynamics’ 6th transaction in the United States.
  • This is General Dynamics’ 2nd transaction in Virginia.

M&A Deal Summary

Date 2003-06-08
Target Veridian
Sector Information Technology
Buyer(s) General Dynamics
Deal Type Add-on Acquisition
Deal Value 1.5B USD

Target

Veridian

Arlington, Virginia, United States
Veridian Corp. is a provider of information technology and network security and applied science and engineering services to the U.S. intelligence community and military services, and to the civilian and commercial sectors.

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Buyer(S) 1

Buyer

General Dynamics

Reston, Virginia, United States

Category Company
Founded 1899
Sector Defense
Employees117,000
Revenue 47.7B USD (2024)
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 7 of 30
Sector: Information Technology M&A 3 of 8
Type: Add-on Acquisition M&A Deals 5 of 27
State: Virginia M&A 2 of 8
Country: United States M&A 6 of 26
Year: 2003 M&A 2 of 3
Size (of disclosed) 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-30 Creative Technology

Herndon, Virginia, United States

Creative Technology, Inc. is an information technology company. With approximately 300 employees holding high-level security clearances, Creative Technology primarily supports the intelligence community and the Department of Defense by delivering systems and network engineering, integration, software development, operations and technical consulting.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-29 Digital System Resources

Fairfax, Virginia, United States

Digital System Resources, Inc. (DSR) is a provider of surveillance and combat systems for submarines and surface ships, and has approximately 450 employees. DSR an important niche in electronic warfare and acoustic signal processing technologies for the U.S. Navy.

Buy -