General Dynamics [GD] last month acquired Applied Physical Sciences Corp., a research and development services company that GD said will complement the engineering programs at its submarine yard facilities, Electric Boat.
Terms of the cash deal were not disclosed. Applied Physical Sciences is based in Groton, Conn., as is Electric Boat, and has 95 employees, about one-third of which have Ph.D.s.
“This acquisition enhances Electric Boat’s ability to respond to emerging submarine requirements using the engineering knowledge and rapid-prototyping capabilities of Applied Physical Sciences, and gives the talented professionals at Applied Physical Sciences additional insight into the needs of the United States submarine fleet,” Kevin Poitras, president of Electric Boat, said in a statement.
Applied Physical Sciences is already a partner of Electric Boat and also works with the Office of Naval Research, Naval Sea Systems Command and the Pentagon’s Defense Advanced Research Projects Agency. The company also has commercial customers.
Applied Physical Sciences’ R&D, engineering and prototyping services are in the areas of acoustics, signal processing, marine hydrodynamics and electromagnetic. GD said it is an industry leader in the fields of directional underwater transducers, maritime and ISR sensing and communication systems, and special purpose underwater devices for government laboratories, universities and industry.
The Westbury Group served as the financial adviser to Applied Physical Sciences on the transaction.