General Dynamics (NYSE: GD) will consolidate its armament and technical products business into the ordnance and tactical systems business within the combat systems group.
Michael Wilson, president of ordnance and tactical systems, will lead the newly-combined organization that will be based in St. Petersburg, Fla., the company said Monday.
“In the face of changing demand in some of our markets and increasing competition across the board, we have determined that consolidation is the best way to maintain the competitiveness and profitability of these lines of business, ” said Mark Roualet, executive vice president of the combat systems group.
Roualet was promoted to head the group in March as one in a series of appointments in the company’s senior leadership ranks (click here for our previous coverage).
The armament and technical products business comprises of nearly 2, 500 workers at facilities in 10 states and in locations outside the U.S., while the ordnance and tactical systems business has 3, 500 workers in the U.S. and Canada.
