General Dynamics United Kingdom acquires Kylmar

LONDON, 26 June 2010. General Dynamics United Kingdom Limited, a business unit of General Dynamics (NYSE: GD), acquired Kylmar (KMC) Limited, a designer and manufacturer of sensor and optical surveillance systems for military and security applications. The value of the cash transaction, which is expected to be accretive to General Dynamics' earnings beginning in 2011, has not been disclosed.

Jun 26th, 2010

Posted by John McHale

LONDON, 26 June 2010. General Dynamics United Kingdom Limited, a business unit of General Dynamics (NYSE: GD), acquired Kylmar (KMC) Limited, a designer and manufacturer of sensor and optical surveillance systems for military and security applications. The value of the cash transaction, which is expected to be accretive to General Dynamics' earnings beginning in 2011, has not been disclosed.

The organization will become part of General Dynamics United Kingdom Limited, enhancing the company's intelligence, surveillance, targeting and reconnaissance offerings and capabilities provided within the defense, security and resilience markets, General Dynamics officials say.

Kylmar is based in Andover, Hampshire, England, and has approximately 50 employees. Kylmar has been supplying electro-optic equipment and systems into the United Kingdom military intelligence and special forces for counter-terrorism applications for nearly two decades. From its inception, the company has specialized in the design and manufacture of electro-optical systems deployed for long periods of time, often operating in harsh environments.

""I am delighted to welcome Kylmar to General Dynamics UK," says Sandy Wilson, General Dynamics UK's president and managing director. "Their optronics expertise and products are at the core of today's defense and security needs and are used in such applications as force protection, IED [improvised explosive device] detection and border/perimeter security. Their capabilities will strengthen General Dynamics UK's C4ISTAR offerings in a wide range of areas and will enable us to expand the breadth of products and services we provide to existing and new customers alike."

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