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GD To Expand Business Jet Services With $2.3 Billion Acquisition

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By Calvin Biesecker General Dynamics [GD] yesterday said that it has agreed to acquired Switzerland-based Jet Aviation, in a $2.3 billion cash deal that significantly boosts its capabilities as a business jet services provider and gives it a global presence in this market. In addition, the proposed deal is aimed at giving customers one-stop shopping for all varieties of business jet aircraft, GD said. The company said that in addition to expanding its Aerospace portfolio, the deal adds a premiere…

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