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General Dynamics

General Dynamics Corp. is making big news today with the announcement of the acquisition of Jet Aviation Management AG and the settlement of a lawsuit with the U.S. Navy.

General Dynamics Buys Jet Aviation for SF2.45 Billion
By Steve Rothwell and Ambereen Choudhury
Aug. 19 (Bloomberg)
General Dynamics Corp., maker of the Gulfstream private jet, agreed to buy Jet Aviation Management AG from Permira Advisers LLP for 2.45 billion Swiss francs ($2.23 billion) to expand in support services for business aircraft.

General Dynamics to Acquire Jet Aviation for $2.25 Billion (Live)
Webcast 08/19/08 at 8:30 a.m. ET

General Dynamics settles Navy's fraud suit for $4M
August 19, 2008
General Dynamics Corp., is also the second-largest shipbuilder for the U.S. Navy. has agreed to pay $4 million to settle a lawsuit claiming a now-closed Long Island unit fraudulently billed the government for Navy aircraft parts that were defective.

General Dynamics
Defense industry contractor for shipbuilding and marine systems, defense systems, land and amphibious combat systems and munitions.


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