General Dynamics will consolidate two separate combat systems businesses
The resulting business, General Dynamics Ordnance and Tactical Systems, will be headquartered in St. Petersburg, Fla. Michael Wilson will lead the combined organization. The consolidation will result in the closing of the Charlotte, N.C.-based Armament and Technical Products headquarters by the end of 2013.
"In the face of changing demand in some of our markets and increasing competition across the board, we have determined that consolidation is the best way to maintain the competitiveness and profitability of these lines of business," Mark Roualet, the executive vice president of General Dynamics' Combat Systems group, said. "This move will enable us to achieve greater efficiencies in operations and create more opportunities for growth.
General Dynamics Armament and Technical Products produces, develops and designs market-loading weapon, armament and vehicle survivability systems for the U.S. military and its allies, along with high-performance structures and vehicle components for commercial, aerospace and defense markets. General Dynamics Ordnance and Tactical Systems manufactures small-, medium- and large-caliber munitions, bomb bodies, artillery projectiles, mortar weapons and systems and non-lethal and force-protection products.
"We remain committed to meeting the needs of our customers in each of the markets served by General Dynamics, and we believe this restructuring will improve the value of the products we deliver and the agility with which we respond to customers' changing requirements," Roualet said.