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By Greg Schneider and Greg Schneider,SUN STAFF | June 23, 1999
Striving to rebuild itself to its former glory, defense stalwart General Dynamics Corp. has agreed to pay $1.05 billion in cash for three information technology units of GTE Corp., the companies said yesterday.The McLean, Va.-based General Dynamics is in the midst of a shopping spree that includes a $5 billion deal announced in May to acquire business jet maker Gulfstream Aerospace Corp., as well as failed attempts to buy Newport News Shipbuilding Inc. and, in 1997, United Defense LP.The latest deal is expected to add $1.2 billion a year in revenue to General Dynamics' bottom line, bringing its annual earnings to $9 billion and effectively reversing the dismantling that the company undertook earlier this decade when it faced a shrinking defense marketplace.
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By Kevin Rector, The Baltimore Sun | August 21, 2013
A fighter jet that crashed off Chincoteague Island in Virginia this month was recovered in pieces from more than 100 feet below the ocean's surface during a 15-day salvage operation that ended this week, according to the Navy. Among the salvaged wreckage was the jet's flight data recorder, which could reveal more information on how the aircraft went down. The D.C. Air National Guard pilot of the F-16C Falcon, based out of Joint Base Andrews in Prince George's County, survived the accident after ejecting and being rescued by the Coast Guard.
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BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | May 20, 2010
Defense contractor General Dynamics said Thursday that it expects to lay off 31 Westminster-based employees in July, a smaller second round of cuts after eliminating 80 jobs at the Carroll County operation earlier this month. The cuts hit workers in the robotics systems division. About 370 employees will remain after the newest layoffs. General Dynamics worked as a subcontractor on a job building mail sorters for the U.S. Postal Service, but that contract is finished, the company said.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | June 13, 2011
Defense contractor General Dynamics Corp. is warning state regulators that it will close an Aberdeen office over the summer and lay off 52 employees. The state Department of Labor, Licensing and Regulation said it was notified by the company that the shutdown of an information-technology operation serving Aberdeen Proving Ground would begin July 15 and end by Sept. 15. General Dynamics said Monday that its contract to provide IT trainers to an Army school on base is ending as a result of the nationwide base realignment and closure effort.
BUSINESS
By Ted Shelsby and Kim Clark | July 4, 1991
General Dynamics Corp., the nation's second-largest defense contractor, rejected Maryland's advances and announced yesterday that it would move its corporate headquarters to Northern Virginia from St. Louis.The announcement was a blow to state officials who have spent the last three weeks wining and dining executives of the maker of the F-16 jet fighter and Tomahawk cruise missile.Gov. William Donald Schaefer, describing himself as "very, very disappointed" said he didn't understand why Maryland had lost the competition for the prestigious headquarters.
BUSINESS
By Richard W. Stevenson and Richard W. Stevenson,New York Times News Service | May 12, 1992
LOS ANGELES -- Hughes Aircraft Co. said yesterday that it had agreed to acquire General Dynamics Corp.'s missile business for stock worth at least $450 million.The deal continues the consolidation of the weapons business now that the Cold War has ended and puts Hughes neck-and-neck with its chief rival, Raytheon Corp., as the nation's largest missile-maker.The transaction also reflects General Dynamics' strategy of shedding all businesses except its fighter plane, submarine, tank and space-launching divisions.
BUSINESS
By Richard W. Stevenson and Richard W. Stevenson,New York Times News Service | May 12, 1992
LOS ANGELES -- Hughes Aircraft Co. said yesterday that it had agreed to acquire General Dynamics Corp.'s missile business for stock worth at least $450 million.The deal continues the consolidation of the weapons business now that the Cold War has ended and puts Hughes neck-and-neck with its chief rival, Raytheon Corp., as the nation's largest missile-maker.The transaction also reflects General Dynamics' strategy of shedding all businesses except its fighter plane, submarine, tank and space-launching divisions.
BUSINESS
March 29, 1991
Gov. William Donald Schaefer has gotten a response to the invitation he delivered to General Dynamics Corp. in Missouri to consider Maryland as the next home for its corporate headquarters.The response from the nation's second largest defense contractor was thank you, but no decision has been made yet.Last Friday, Schaefer --ed off a letter to General Dynamics chairman and chief executive officer William Anders, posing the invitation. The letter was also signed by the county executives of Anne Arundel, Howard, Montgomery, and Prince George's counties.
BUSINESS
By Ted Shelsby and John W. Frece | June 27, 1991
Maryland officials pressed their attack yesterday in the battle with Virginia to land the corporate headquarters of General Dynamics Corp., the maker of such military hardware as the the F-16 fighter plane, Tomahawk cruise missile and M-1A1 tank.After hosting the top executives of the nation's second-largest defense contractor at a State House dinner Tuesday night, Gov. William Donald Schaefer disclosed yesterday that the state will present to General Dynamics no later than noon tomorrow a package of incentives designed to lure the St. Louis-based company to the Maryland suburbs of Washington.
BUSINESS
By Ted Shelsby and Ted Shelsby,Staff Writer | December 23, 1993
WASHINGTON -- Martin Marietta Corp. announced yesterday that it will acquire the Space Systems division of General Dynamics Corp. for $208.5 million.The acquisition -- Martin Marietta's second major purchase in the past 13 months -- would probably make the Bethesda-based aerospace company the world's leader in the highly competitive space launch market, and leave it and McDonnell Douglas Corp. the country's only rocket makers.In November last year, Martin Marietta agreed to purchase General Electric Co.'s aerospace division in a transaction valued at more than $3 billion.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | September 1, 2010
Defense contractor General Dynamics said Thursday that it will lay off 132 employees in Westminster this fall if funding for an Army robotics program is not renewed. It would be the third mass layoff at the Carroll County site this year. The affected workers are contractors for an Army program that develops vehicles capable of navigating themselves, but funding has dried up for the fiscal year ending Sept. 30, said company spokesman Peter Keating. Employees were notified that their jobs will be cut Oct. 29 if funding isn't approved for the upcoming fiscal year, he said.
BUSINESS
By Gus G. Sentementes, The Baltimore Sun | August 12, 2010
General Dynamics Corp. and its subcontractors expect to hire as many as 110 workers in Baltimore County who will work on computer systems for a new government program that will help retirees receive health care coverage, officials said Thursday. The defense contractor said Thursday that its information technology division won an $80 million award to work on the Department of Health and Human Services' Early Retiree Reinsurance Program. The program is part of the health care reform package that was passed this year and is intended to help retirees who are not yet eligible for Medicare obtain affordable insurance.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,Sun Reporter | August 12, 2008
Towson-based ViPS Inc., a health software company that was acquired by General Dynamics Information Technology Inc. last month, is keeping its headquarters in Towson and hopes to expand there during coming years as part of the redevelopment of that area, Baltimore County economic development officials said yesterday. The company, which employs 600 people, more than 500 of them in Towson, signed a seven-year lease extension for its offices at 1 W. Pennsylvania Ave. The owner of the office tower, Towson Commons LLC, will receive business retention loans totaling $700,000 - $250,000 from the county's Department of Economic Development and $450,000 from the state's Department of Business and Economic Development.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN REPORTER | June 5, 2008
Towson-based ViPS, a health software company and unit of HLTH Corp., will be sold to General Dynamics Information Technology Inc. for $225 million in cash, HLTH Corp. said yesterday. ViPS, which employs 600 people, will remain at its headquarters on Pennsylvania Avenue in Towson and is not expected to face job layoffs, said Mark Meudt, a spokesman for the buyer, which is a subsidiary of Falls Church, Va.-based defense company General Dynamics Corp. "At this point we don't anticipate any significant changes," Meudt said yesterday.
NEWS
By Mary Gail Hare and Mary Gail Hare,SUN STAFF | August 10, 2005
Bouncing across the stubble of a Carroll County farm field, the khaki-colored vehicle looked like a jeep on an off-road jaunt - except it had no windows or driver. Nevertheless, it slowed when it encountered a concrete wall and then - using robotic sensors encased on a revolving white cylinder on its roof - it deftly maneuvered around the obstacle and continued on its way. Designers of the high-tech vehicle hope it will just as nimbly maneuver around battlefields of the future, detecting and avoiding obstacles and relaying information to soldiers a safe distance away.
BUSINESS
By Jamie Smith Hopkins and Jamie Smith Hopkins,SUN STAFF | June 25, 2005
Defense contractor General Dynamics is expanding in defense-contractor-magnet Anne Arundel County, announcing yesterday that it will open a new location as soon as December and add 100 jobs. The company has signed a lease for 62,000 square feet in a building under construction in Arundel Mills Corporate Park, a complex across from the Arundel Mills mall. General Dynamics' Advanced Information Systems division will use the office space for systems engineering, software development and systems integration.
BUSINESS
By BLOOMBERG NEWS | September 16, 2004
Northrop Grumman Corp., the world's largest builder of warships, has had "significant cost growth" and schedule delays in building its share of the Navy's newest nuclear submarines, the service's top acquisition official said yesterday. There has been "rapid deterioration" in the company's performance since January, Assistant Secretary for Acquisition John J. Young wrote Northrop Chairman Ronald Sugar in an Aug. 6 letter obtained by Bloomberg News. The cost to build the first four submarines has risen by $419.
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