General Dynamics has entered an agreement to acquire Metro Machine, a surface-ship repair company that supports the US Navy fleet in Norfolk, Virginia, for an undisclosed sum.
Metro Machine is a privately held company that employs approximately 400 workers. It has been conducting US Navy ship repair and conversions since 1972 and is a prime contractor in Norfolk for multi-ship, multi-option (MSMO) contracts for combat and support ships, including frigates, dock landing ships and amphibious transport ships. MSMO contracts provide for maintenance, modernisation and repair to all ships of a class in specific homeport areas.
Metro Machine will become part of the shipbuilding and repair operations of General Dynamics' NASSCO subsidiary. Based in San Diego, NASSCO is a prime contractor for MSMO contracts for Navy combat and support ships and employs 3,400 people.
