Falls Church-based General Dynamics (NYSE:GD) announced that it has completed the purchase of Norfolk, Va-based Metro Machine Corp.
The all-cash transaction will shift Metro Machine Corp to placement under San Diego-based General Dynamics NASSCO unit, which builds ships for the Navy.
General Dynamics said the addition of Metro Machine Corp will allow it to expand its shipyard repair operations on the east coast. Metro Machine Corp was a leading shipyard builder in that territory.
Terms of the transaction were not disclosed, Metro Machine Corp employees will now become part of the General Dynamics NASSCO unit bringing the total to approximately 3,850.