GenDyn expands ship repair business

Nov. 1, 2011 at 7:18 AM

FALLS CHURCH, Va., Nov. 1 (UPI) -- General Dynamics said it has completed its acquisition of Virginia's Metro Machine Corp., expanding its capabilities in the ship repair market.

Metro Machine Corp. is a leading surface-ship repair company that supports the U.S. Navy fleet in Norfolk, Va.

The value of the cash transaction hasn't been disclosed.

With the acquisition, Metro Machine Corp. becomes part of the shipbuilding and repair operations of San Diego's General Dynamics NASSCO, a leading provider of ships to the Navy, a major producer of commercial vessels and the largest shipbuilding and repair company on the West Coast.

"The addition of Metro Machine enhances our ability to compete in the growing naval ship repair market," said Fred Harris, president, General Dynamics NASSCO. "We have added a solid team with a successful track record that will strengthen our ability to deliver cost-effective maintenance and repair services to the U.S. Navy on the East Coast."

General Dynamics NASSCO is a prime contractor for multi-ship, multi-option contracts for Navy combat and support ships, including frigates, dock landing ships , amphibious transport ships and amphibious assault ships.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Ford recalls 432,000 North American vehicles over software bug
Aetna to acquire Humana for $37 billion in cash, stocks
New Zealand military receives medium heavy military trucks
BBC to lay off 1,000 people to make up for $234M in lost revenue
U.S. proposes tighter pipeline spill rules