General Dynamics buys cloud computing service firm
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)
- IPhone emerges from 'bygone era', reviewers hail bigger handset
- Fed may hint on rate-hike plan as it prepares for policy turn
- Scots' support for independence lags on eve of referendum |
- Boeing, SpaceX win contracts to build 'space taxis' for NASA
- Islamic State campaign tests Obama's commitment to Mideast allies