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GD Completes Acquisition Of Ship Repair Firm Earl Industries

Defense Daily Staff Defense Daily Staff
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General Dynamics [GD] yesterday said it has completed its acquisition of the naval ship repair company Earl Industries, expanding its capabilities in the ship repair market. Terms of the deal, which was announced in late June, were not disclosed. GD said it expects the acquisition to be accretive to earnings in 2013. Earl Industries supports the United States Navy Fleet in Norfolk, Va., and Mayport, Fla., the two major East Coast Navy ports, and serves as a prime contractor for…

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