Applied Physical, which works in the fields of acoustics, signal processing, marine hydrodynamics, and electromagnetic, will be incorporated in General Dynamics' submarine-building Electric Boat subsidiary -- also based in Groton.
Financial terms of the acquisition were not disclosed, but according to S&P Capital IQ, Applied Physical is a rather small business, with only $14.3 million in annual revenues. As such, its purchase price would not likely be material to General Dynamics, which records in excess of $32.5 billion annually.
Shares of General Dynamics closed at $70.40 Friday, up 0.2% prior to the acquisition's announcement.
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