General Dynamics Acquires Cloud Computing Provider

July 19, 2011
NETCONN will become part of General Dynamics Information Technology business unit.
General Dynamics said it has acquired Network Connectivity Solutions Corp. (NETCONN), a Hagerstown, Md.-based provider of enterprise services and cloud computing to the U.S. Department of Defense. The value of the cash transaction, which is expected to be accretive to General Dynamics' earnings beginning in 2012, has not been disclosed. Founded in 1997, NETCONN provides enterprise IT services to the Defense Information Systems Agency and other agencies within the Defense Department. NETCONN has 160 employees. NETCONN will become part of General Dynamics Information Technology, a business unit of General Dynamics based in Fairfax, Va. The business unit provides systems integration, systems engineering, professional services and simulation and training to government, health care and commercial customers, according to General Dynamics.

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