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Army

GD To Buy Force Protection, Boosting Tactical Vehicle Portfolio, International Opportunities

Defense Daily Staff Defense Daily Staff
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General Dynamics [GD] yesterday said it has agreed to acquire tactical wheeled vehicle designer and manufacturer Force Protection [FRPT] for about $360 million in cash, in a deal that expands its portfolio of military vehicles, particularly for blast and ballistic protected vehicles, and provides it with additional opportunities overseas and in the United States. The purchase price “would be offset by about $122 (million) in net cash at FRPT, to make a net $238 (million) purchase, a relatively small transaction…

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