GD buying Digital System Resources

General Dynamics Corp. signed a definitive agreement to purchase Digital System Resources Inc., a Fairfax, Va., provider of surveillance and combat systems for submarines and surface ships. Terms of the deal were not disclosed.

General Dynamics of Falls Church, Va., said the acquisition should close within 60 days.

DSR has 450 employees and 2003 revenue of $125 million. The company will become part of General Dynamics Advanced Information Systems, which is a unit of the company's Information Systems and Technology group.

"This is an extremely capable and well-managed company, and a great complementary fit," said Kenneth Dahlberg, executive vice president, General Dynamics Information Systems and Technology group. "It has an important niche in electronic warfare and acoustic signal processing technologies for the Navy."

General Dynamics, headquartered in Falls Church, Va., employs about 57,000 people worldwide and anticipates 2003 revenue of $15 billion. The company was ranked No. 7 in on Washington Technology's 2003 Top 100 list.