General Dynamics acquires FC Business Systems

FALLS CHURCH, Va., 20 Jan. 2006. General Dynamics has completed its acquisition of FC Business Systems, Inc., a privately held information technology (IT) services firm headquartered in Fairfax, Va.

FALLS CHURCH, Va., 20 Jan. 2006. General Dynamics has completed its acquisition of FC Business Systems, Inc., a privately held information technology (IT) services firm headquartered in Fairfax, Va.

The company, which will be integrated into the General Dynamics Network Systems business unit, is a leading provider of a full spectrum of engineering and IT services to government customers. It has extensive credentials in enterprise network services, including information assurance and information security; network engineering; and software application development and integration. More than 50 percent of its approximately 1,000 employees hold national security clearances.

"We are very pleased to welcome the employees of FC Business Systems into General Dynamics," said Michael Chandler, president of General Dynamics Network Systems.

"The network engineering, application integration and information assurance skills and expertise they bring to our team complement our existing capabilities, and will help General Dynamics Network Systems expand our ability to provide excellent service and create lasting value for customers in the Defense Department, the Department of Homeland Security and other Federal civil agencies."

Plans to acquire the company were announced December 13; terms were not disclosed. The acquisition is immediately accretive to General Dynamics.

General Dynamics Network Systems, a world-class IT solutions provider and integrator of converged enterprise and wireless networks, had more than 6,000 employees before this acquisition. It specializes in designing, integrating and supporting mission-critical information systems for government and commercial customers worldwide.

General Dynamics, headquartered in Falls Church, Va., employs approximately 71,900 people worldwide. The company is a market leader in mission-critical information systems and technologies; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and business aviation. For more information, see www.gd-ns.com or www.fcbs.com.

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