General Dynamics closes $643M Axsys deal

General Dynamics Advanced Information Systems completed its acquisition of Axsys Technologies today, picking up capabilities in the optics and sensors used to manage weapons systems, long-range surveillance cameras and highly precise imaging telescopes

General Dynamics announced the acquisition in June and is paying $54 in cash for each share of Axsys.

The company has about 1,000 employees in five principal locations: Cullman, Ala.; San Diego and Grass Valley, Calif.; Nashua, N.H.; and Rochester Hills, Mich.

“Axsys Technologies strengthens our portfolio of offerings and discriminators in the tactical intelligence, surveillance and reconnaissance market,” Lou Von Thaer, president of General Dynamics Advanced Information Systems, said in a statement.

General Dynamics is ranked No. 4 on the 2009 Washington Technology Top 100 list of the largest government contractors.


About the Author

Nick Wakeman is the editor-in-chief of Washington Technology. Follow him on Twitter: @nick_wakeman.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close
SEARCH
 Top 100 Slideshow
contracts DB

Trending

  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Read More

  • Is SBA MIA on contractor fraud? Nick Wakeman

    Editor Nick Wakeman explores the puzzle of why SBA has been so silent on the latest contractor fraud scandal when it has been so quick to act in other cases. Read More

Webcasts