General Dynamics buys cloud computing service firm

ATLANTA Mon Jul 18, 2011 10:40am EDT

Related Topics

ATLANTA (Reuters) - General Dynamics Corp said on Monday it acquired Network Connectivity Solutions Corp, a supplier of cloud computing and other information technology services to U.S. Department of Defense agencies.

The maker of ships and tanks said the acquisition would help it expand services that can help the Pentagon cut costs. General Dynamics did not disclose the deal's value in its statement but said the purchase is expected to add to earnings in 2012.

Network Connectivity Solutions is based in Maryland and has about 160 workers.

General Dynamics shares were down 1.6 percent to $69.26 in morning trading.

(Reporting by Karen Jacobs, editing by Gerald E. McCormick)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.