General Dynamics Buys Gayston Corp’s Defense Operations Unit; Michael J. Mulligan Comments

General Dynamics (NYSE: GD) announced Monday its acquisition of Gayston Corp. Defense Operations for an undisclosed amount. The acquisition is expected to be a cash transaction and will be accretive to 2013 earnings. Michael J. Mulligan, president of General Dynamics Armament and Technical Products, said the acquisition is expected to expand the company’s “critical manufacturing capability to cost-efficiently...