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General Dynamics Advanced Information Systems, Inc., a wholly owned subsidiary of Firm client General Dynamics Corporation, agreed recently to sell for an undisclosed amount its Aeronautics Services business to Wyle Laboratories, Inc. Jenner & Block Partner John F. Cox and Associate Jonathan F. Allen were lead outside counsel on the transaction.
Based in Lexington Park, MD, General Dynamics’ Aeronautics Services business includes activities covering more than 200 contracts with the U.S. Navy, U.S. Air Force and prime contractors generating revenue of more than $220 million annually and employing approximately 1,600 people. The sale includes operations providing aeronautical research, development, test and evaluation services to three primary markets: Naval aviation support, Air Force aviation support and telemetry.
According to a press release issued Friday by Wyle Laboratories, military programs affected include the E-2C Hawkeye early warning aircraft, Joint Strike Fighter, C-2A Greyhound naval transport aircraft, AMRAAM air-to-air missile and the F/A-18, F-15 and F-16 fighters. The Aeronautics Services operations will become part of Wyle’s Technical Support Services unit, which currently has contracts providing launch support at Cape Canaveral, metrology and calibration services at various locations, and research and engineering services at Wright-Patterson AFB.
General Dynamics, headquartered in Falls Church, VA, employs approximately 71,600 people worldwide and anticipates 2004 revenue in excess of $19 billion. The company is a market leader in mission-critical information systems and technologies; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and business aviation.