General Dynamics to acquire division of Chamberlain Manufacturing

FALLS CHURCH, Va., 19 May 2006. General Dynamics has entered into an agreement with Chamberlain Manufacturing Corporation (CMC) to acquire CMC's division in Scranton, Penn., which manufactures artillery projectiles and 120mm mortar bodies. CMC is a subsidiary of Elmhurst, Ill.-based Duchossois Industries Inc. Dynamics expects the transaction to be completed in the third quarter of 2006.

CMC's Scranton operation, which has approximately 400 employees, is a supplier of large-caliber projectile metal parts to the U.S. government.

The Scranton operation will become part of the General Dynamics Ordnance and Tactical Systems business unit, which manufactures large- and medium-caliber direct- and indirect-fire munitions, bomb bodies and Ball Powder propellant. General Dynamics also manufactures precision metal components and designs and produces shaped-charge warheads and control actuator systems.

General Dynamics Ordnance and Tactical Systems is based in St. Petersburg, Fla.