General Dynamics Brings New Work to South Carolina

General Dynamics Land Systems announced today that the newly acquired Force Protection manufacturing facility in Ladson, S.C., will install additional combat-related equipment on 292 Double-V Hull Strykers to be deployed to Afghanistan.

The equipment provides combat capabilities to the vehicles in preparation for Operation Enduring Freedom (OEF) deployment.  It includes additional communication, protection and situational- awareness enablers for the warfighter.

The $10 million in new work begins in March 2012 and leverages the skills of mechanics, supply professionals and management. Approximately 45 jobs will be created for the work, which is expected to be completed by February of 2013.

General Dynamics (NYSE: GD) completed its acquisition in December 2012 of Force Protection, Inc., a provider of blast- and ballistic-protected platforms that support the armed forces of the United States and its allies.  The transaction, valued at approximately $360 million, was announced on November 7 and is expected to be accretive to General Dynamics’ earnings in 2011. Force Protection is part of General Dynamics Land Systems.

Source: General Dynamics Corporation (NYSE: GD)
Date: Jan 10, 2012