October 9, 1998 |
General Dynamics Corp., the fourth-largest U.S. defense contractor, said Thursday that it would buy Nassco Holdings Inc. for $415 million in cash and assumed debt to beef up its ship-repair business and better compete for future commercial and Navy contracts. General Dynamics, based in Falls Church, Va., would pay $370 million in cash and assume $45 million in debt for employee-owned Nassco, the parent of National Steel & Shipbuilding Co.
April 22, 1999 |
Northrop Grumman Corp. said Wednesday that its first-quarter profit fell slightly on slumping sales of B-2 bombers and other weapons, but still exceeded Wall Street forecasts. Profit from operations fell to $104 million, or $1.50 a share, from $105 million, or $1.52, a year earlier. The results beat the $1.33 average estimate of analysts polled by First Call Corp. Sales rose 4.2% to $2.1 billion.