General Dynamics Acquiring Earl Industries Ship Repair Division; Fred Harris Comments

General Dynamics (NYSE: GD) has agreed to acquire the ship repair and coatings division of Earl Industries for an undisclosed amount, General Dynamics announced Friday. General Dynamics expects the acquisition to increase its earnings per share in 2013 and to close this summer. The division will become part of General Dynamics’ San Diego-based NASSCO subsidiary. NASSCO adds two more East Coast...

General Dynamics Closes Purchase of Norfolk Ship Repair Company

General Dynamics (NYSE: GD) has completed its acquisition of East Coast surface-ship repair company Metro Machine Corp., which provides support to the U.S. Navy fleet in Norfolk, Va. The amount of the cash transaction has not been disclosed. The company will be integrated into San Diego-based General Dynamics NASSCO, a prime contractor on multi-ship, multi-option awards for Naval combat and support...

General Dynamics to Acquire Norfolk-based Ship Repair Company Metro Machine Corp.

General Dynamics (NYSE: GD) has entered an agreement to acquire Metro Machine Corp.,  a surface-ship repair company that supports the U.S. Navy fleet in Norfolk, Va., for an undisclosed amount of cash. General Dyanmics expects the move to increase its earnings beginning in 2012. Metro will join the shipbuilding and repair operations of General Dynamics’ NASSCO business unit. Metro employs approximately...

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