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Business/Financial

GD’s U.K. Business Acquires Electro-Optical Systems Firm

DDN

Wednesday, June 23rd, 2010

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General Dynamics [GD] yesterday said its United Kingdom-based business has acquired Kylmar Ltd., a developer and manufacturer of various electro- optical systems used in military, border security, counter-terrorism, covert and coastal surveillance applications. Terms of the cash deal were not disclosed. GD said the acquisition is expected to be accretive to earnings beginning in 2011. Kylmar's electro-optical equipment has been used by the U.K. military intelligence and Special Forces for counter-terrorism applications for nearly two decades. The products are typically…

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