Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



At General Dynamics, Guns and Bullets Are Together at Last

General Dynamics (NYSE: GD  ) is reordering its ranks.

On Monday, the nation's biggest ground forces-weapons maker announced that it has decided to merge its Armament and Technical Products business into its Ordnance and Tactical Systems unit. The former business specializes in building guns; the latter, ammo. Both lines of business will continue to be run under the aegis of General Dynamics' Combat Systems division, the company's second largest by revenues.

Company Executive Vice President for Combat Systems Mark Roualet explained that "consolidation is the best way to maintain the competitiveness and profitability of these lines of business." The company hopes, by merging them, to create "greater efficiencies in operations and ... more opportunities for growth."

Michael Wilson, currently President of Ordnance and Tactical Systems, will run the combined unit out of its headquarters in St. Petersburg, Fla.

Read/Post Comments (0) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2538866, ~/Articles/ArticleHandler.aspx, 8/25/2016 2:21:44 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 5 hours ago Sponsored by:
DOW 18,481.48 -65.82 -0.35%
S&P 500 2,175.44 -11.46 -0.52%
NASD 5,217.70 -42.38 -0.81%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

8/24/2016 4:02 PM
GD $152.29 Up +0.14 +0.09%
General Dynamics CAPS Rating: ****