BAE Adding Marine Hydraulics Intl to Ship Repair Division; Bill Clifford Comments

BAE photo BAE Systems‘ U.S. subsidiary has agreed to acquire the Norfolk, Va.-based ship repair firm Marine Hydraulics International from American Maritime Holdings, BAE announced Thursday. Terms of the deal were not disclosed and BAE expects to close the transaction during the first quarter of 2013, pending regulatory approval. BAE said it will integrate the company’s nearly 400 employees...

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...