General Dynamics acquires two companies - Fidelis and Gayston defence unit
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.”