Gen­eral Dy­nam­ics ac­quires two com­pa­nies - Fidelis and Gayston de­fence unit

SP's MAI - - CORPORATE -

Gen­eral Dy­nam­ics has com­pleted its pre­vi­ously an­nounced pur­chase of Fidelis Se­cu­rity Sys­tems, Inc., a mar­ket leader in cy­ber se­cu­rity tools that pro­vide real-time net­work vis­i­bil­ity, anal­y­sis and con­trol. It will be­come part of Gen­eral Dy­nam­ics Ad­vanced In­for­ma­tion Sys­tems, a busi­ness unit of Gen­eral Dy­nam­ics. The value of the cash trans­ac­tion has not been dis­closed.

Fidelis Se­cu­rity Sys­tems’ net­work se­cu­rity so­lu­tions help cus­tomers stop ad­vanced threats and pre­vent data breaches by pro­vid­ing vis­i­bil­ity into the com­plex lay­ers of a net­work, ex­pos­ing ma­li­cious con­tent in real-time. These prod­ucts com­ple­ment Gen­eral Dy­nam­ics’ cy­ber op­er­a­tions and in­ci­dent re­sponse ser­vices, al­low­ing cus­tomers to de­tect, de­fend and re­act to cy­ber threats and net­work breaches.

“I’m pleased to have com­pleted our ac­qui­si­tion of Fidelis Se­cu­rity Sys­tems,” said Lou Von Thaer, Pres­i­dent of Gen­eral Dy­nam­ics Ad­vanced In­for­ma­tion Sys­tems. “Our en­hanced port­fo­lio of prod­ucts, cy­ber ser­vices and in­ci­dent re­sponse ca­pa­bil­i­ties cre­ates a unique of­fer­ing in the mar­ket­place. We are now bet­ter po­si­tioned to help our en­ter­prise and gov­ern­ment cus­tomers com­bat ad­vanced threats and pro­tect their net­works through real-time sit­u­a­tional aware­ness.”

Gen­eral Dy­nam­ics has ac­quired the de­fence op­er­a­tions of Gayston Cor­po­ra­tion, a pri­vately held com­pany that sup­plies pre­ci­sion metal com­po­nents used in sev­eral mu­ni­tions pro­grammes. The value of the cash trans­ac­tion, which Gen­eral Dy­nam­ics ex­pects to be ac­cre­tive to earn­ings in 2013, has not been dis­closed.

Gayston’s de­fence op­er­a­tions em­ploy 187 peo­ple at a state-ofthe-art fa­cil­ity in Spring­boro, Ohio, which is op­ti­mised for alu­minium im­pact ex­tru­sion man­u­fac­tur­ing. Among its prod­ucts, Gayston man­u­fac­tures rocket mo­tor tubes for the US Army’s Hy­dra-70 air-toground rocket pro­gramme. It also pro­vides lin­ers and car­tridges for 40mm am­mu­ni­tion rounds and com­po­nents for 60-120mm mor­tar rounds to a va­ri­ety of cus­tomers.

“The ac­qui­si­tion of Gayston’s de­fence op­er­a­tions expands our crit­i­cal man­u­fac­tur­ing ca­pa­bil­ity to cost-ef­fi­ciently pro­duce high­pre­ci­sion parts in large quan­ti­ties,” said Michael J. Mul­li­gan, Pres­i­dent of Gen­eral Dy­nam­ics Ar­ma­ment and Tech­ni­cal Prod­ucts. “The ac­qui­si­tion also pro­vides us with more op­por­tu­ni­ties to par­tic­i­pate in high-per­for­mance weapon sys­tem pro­grammes.”

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