Lagging sales push GD into shopping mode

Defense giant needs new blood to increase bottom line

General Dynamics Corp. is in the market to buy some companies as the result of last year’s smallest sales increase since 1995, according to Bloomberg News.

Bloomberg said M&A activity might help General Dynamics face the weakest stretch of profit growth in two decades.

The defense giant hasn’t done a billion-dollar deal for a publicly traded company in five years, Bloomberg News reported and quoted company CEO Jay Johnson as saying General Dynamics is “looking at opportunities” to buy businesses after revenue rose less than 2 percent in 2010.

General Dynamics Corp., of Falls Church, Va., ranks No. 6 on Washington Technology’s 2010 Top 100 list of the largest federal government contractors.

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