General Dynamics Buys Kylmar

The defense behemoth General Dynamics Corp. (GD) made another acquisition across the Atlantic. General Dynamics United Kingdom Limited acquired privately-held Kylmar Limited. The value of the transaction was not disclosed.
 
General Dynamics expects the acquisition to be accretive to the company’s 2011 earnings. Kylmar as part of General Dynamics United Kingdom Limited is expected to enhance the company's intelligence, surveillance, targeting and reconnaissance offerings and capabilities provided within the defense, security and resilience markets.
 
Based in Andover, Hampshire, Kylmar is an industry leader in the design and manufacture of sensor and optical surveillance systems for military and security applications. The company specializes in the design and manufacture of highly capable electro-optical systems deployed for long periods of time, often operating in harsh environments, where high reliability is essential to successful outcomes.
 
For nearly two decades, Kylmar has been supplying electro-optic equipment and systems to the UK military intelligence and Special Forces for counter-terrorism applications.
 
The acquisition of Kylmar is expected to strengthen General Dynamics UK's C4ISTAR offerings in a wide range of areas. Additionally, General Dynamics expects to benefit from the acquisition by expanding the breadth of its products and services simultaneously for both existing and new customers.
 
General Dynamics, headquartered in Falls Church, Virginia, USA, is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. Through its business unit, General Dynamics United Kingdom Limited, the company operates as a leading player in the UK's knowledge economy and industrial base.
 
General Dynamics UK is a prime contractor and complex systems integrator, working in partnership with the Ministry of Defense (MoD) and other allies to grow key intellectual property, skills and capabilities in its UK research facilities and workforce, while harnessing world-leading technology. Among notable awards, the company has been selected as the Preferred Supplier to provide and integrate the next generation of Armoured Fighting Vehicles for the British Army.
 

Read the full analyst report on GD