General Dynamics Corp. will acquire General Motors Corp.’s defense unit for $1.1 billion. GM Defense has 2,400 employees and builds armored vehicles for Australia, Canada, Saudi Arabia and New Zealand. The all-cash deal is expected to be finalized in the first quarter of next year, says Reuters. GM Defense expects $950 million in revenue in 2002 and has a backlog of $1.5 billion in contracts.

Premium Content (PAID Subscription Required)

"General Dynamics to Buy GM’s Defense Unit" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.