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GD To Acquire East Coast-Based Ship Repair Firm Metro Machine

Defense Daily Staff Defense Daily Staff
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Expanding its ship repair business to a new location, General Dynamics [GD] yesterday said it has agreed to acquire the Norfolk, Va.-based surface ship repair company Metro Machine Corp. Terms of the deal were not disclosed. GD said the deal is expected to be accretive to earnings in 2012. The pending acquisition, which is expected to close in November subject to regulatory approvals, gives GD’s San Diego-based NASSCO shipbuilding and repair company, a facility on the East Coast to support…

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