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GD To Acquire Tactical Wireless Communications Firm Fortress Technologies

DDN

Thursday, June 30th, 2011

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General Dynamics [GD] recently said it has agreed to acquire Fortress Technologies Inc., a developer and supplier of secure wireless networking equipment for United States military and government customers. Terms of the deal, which is expected to close in the third quarter of 2011 subject to regulatory approvals, were not disclosed. GD expects the acquisition to be accretive to earnings in 2012. Fortress has a portfolio of commercially-based mesh networking products for secure wireless local area networking used for battlefield…

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