Wednesday, July 9, 2025
  • About us
    • Write for us
    • Disclaimer
    • Terms of use
    • Privacy Policy
  • RSS Feeds
  • Advertise with us
  • Contact us
DefenceTalk
  • Home
  • Defense News
    • Defense & Geopolitics News
    • War Conflicts News
    • Army News
    • Air Force News
    • Navy News
    • Missiles Systems News
    • Nuclear Weapons
    • Defense Technology
    • Cybersecurity News
  • Military Photos
  • Defense Forum
  • Military Videos
  • Military Weapon Systems
    • Weapon Systems
    • Reports
No Result
View All Result
  • Home
  • Defense News
    • Defense & Geopolitics News
    • War Conflicts News
    • Army News
    • Air Force News
    • Navy News
    • Missiles Systems News
    • Nuclear Weapons
    • Defense Technology
    • Cybersecurity News
  • Military Photos
  • Defense Forum
  • Military Videos
  • Military Weapon Systems
    • Weapon Systems
    • Reports
No Result
View All Result
DefenceTalk
No Result
View All Result
Home Defence & Military News Army News

General Dynamics to Acquire Force Protection

by GeneralDynamics
November 8, 2011
in Army News
2 min read
0
Mastiff protects soldiers from roadside explosion in Helmand
14
VIEWS

General Dynamics and Force Protection, Inc. today announced that they have entered into a definitive merger agreement under which General Dynamics will acquire Force Protection for a price of $5.52 per share of common stock, or approximately $360 million.

Force Protection will become a part of General Dynamics Land Systems, the Sterling Heights, Mich.-based designer and manufacturer of Abrams main battle tanks and Stryker infantry combat vehicles.

“Force Protection complements and strategically expands General Dynamics’ armored vehicle business, adding new products to the expansive portfolio of combat vehicles that we currently manufacture and support,” said Mark C. Roualet, president of General Dynamics Land Systems. “In addition, Force Protection’s skilled workforce provides high-quality support and sustainment services to an installed fleet of approximately 3,000 vehicles, strengthening our ability to support assets deployed with U.S. forces around the world. With this acquisition, we will create new opportunities to serve domestic and international customers alike.”

Michael Moody, chairman and chief executive officer of Force Protection, Inc., commented, “After careful consideration of the strategic direction of Force Protection, our board decided that a sale to General Dynamics would maximize value for our stockholders. With their armored vehicle business, General Dynamics will be able to pursue opportunities that we could not have pursued as a stand-alone company. As part of the General Dynamics family, our innovative products and offerings will continue to provide militaries worldwide critical assets that save troops’ lives.”

The proposed acquisition has been approved by the board of directors of each company. Under the terms of the merger agreement, General Dynamics will commence a tender offer for all of the outstanding shares of common stock of Force Protection. Force Protection’s board of directors has resolved to recommend that Force Protection stockholders tender their shares into the tender offer in accordance with the terms of the merger agreement.

The transaction is subject to the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the companies expect the transaction to be completed by year-end 2011. The transaction is expected to be accretive to General Dynamics’ earnings in 2012.

Force Protection, which has approximately 1,100 employees, provides survivability solutions to support the armed forces of the United States and its allies. The company designs, manufactures, tests, delivers and supports its blast- and ballistic-protected products to increase survivability for the users.

Force Protection’s specialty vehicles – including the Buffalo, Cougar and Ocelot – are at the forefront of blast- and ballistic-protected technology. Those vehicles are designed specifically for reconnaissance and urban operations and to protect their occupants from landmines, hostile fire and improvised explosive devices (IEDs, commonly referred to as roadside bombs).

The company has delivered more than 3,000 vehicles under the U.S. military’s Mine Resistant Ambush Protected (MRAP) vehicle program, and also provides Cougar and Buffalo mine-protected vehicles to foreign customers including the United Kingdom Ministry of Defence.

General Dynamics Land Systems is a leading manufacturer of wheeled, tracked and amphibious combat vehicles, offering a spectrum of design, production and lifecycle support to customers worldwide. General Dynamics Land Systems employs world-class manufacturing and systems-integration processes to develop vehicles designed to meet current and future ground-combat requirements. The company employs approximately 8,400 workers.

Tags: acquisitionforce protectionGeneral DynamicsMRAP
Previous Post

Europe Vs France Contest Begins for World’s Biggest Combat Aircraft Deal

Next Post

EU & US Conduct Readiness Tests for Cyber Attacks

Related Posts

Indonesia Orders Additional CAESAR Artillery Systems

France to send more mobile artillery to Ukraine

February 1, 2023

France will ship 12 more Caesar truck-mounted howitzers and fresh air defence equipment to Ukraine to bolster the fight against...

Leopard tanks to arrive in Ukraine around late March: Germany

Leopard tanks to arrive in Ukraine around late March: Germany

January 27, 2023

Leopard tanks pledged by Germany to help Ukraine repel Russia's invasion will arrive in "late March, early April", Defence Minister...

Next Post
EU & US Conduct Readiness Tests for Cyber Attacks

EU & US Conduct Readiness Tests for Cyber Attacks

Latest Defense News

Britain, Germany jointly developing missiles: ministers

Britain, Germany jointly developing missiles: ministers

May 17, 2025
Trump announces ‘full and immediate’ India-Pakistan ceasefire

Trump announces ‘full and immediate’ India-Pakistan ceasefire

May 10, 2025
Pakistan says Indian missiles strike air bases as conflict spirals

Pakistan says Indian missiles strike air bases as conflict spirals

May 10, 2025
J-10C fighter jet

Pakistan says India has brought neighbours ‘closer to major conflict’

May 9, 2025
North Korea fires multiple suspected cruise missiles

North Korea fires flurry of short-range ballistic missiles

May 9, 2025
China says ‘closely watching’ Ukraine situation after Russian attack

China vows to stand with Russia in face of ‘hegemonic bullying’

May 9, 2025

Defense Forum Discussions

  • The Russian-Ukrainian War Thread
  • Russian Air Force News & Discussion
  • Royal Australian Navy Discussions and Updates 2.0
  • USAF News and Discussion
  • PRC Peoples Liberation Army Navy
  • The Global Hawk
  • 6th Generation Fighters Projects
  • Royal Australian Air Force [RAAF] News, Discussions and Updates
  • What has replaced the SR71?
  • ADF General discussion thread
DefenceTalk

© 2003-2020 DefenceTalk.com

Navigate Site

  • Defence Forum
  • Military Photos
  • RSS Feeds
  • About us
  • Advertise with us
  • Contact us

Follow Us

No Result
View All Result
  • Home
  • Defense News
    • Defense & Geopolitics News
    • War Conflicts News
    • Army News
    • Air Force News
    • Navy News
    • Missiles Systems News
    • Nuclear Weapons
    • Defense Technology
    • Cybersecurity News
  • Military Photos
  • Defense Forum
  • Military Videos
  • Military Weapon Systems
    • Weapon Systems
    • Reports

© 2003-2020 DefenceTalk.com