General Dynamics Acquires Tadpole Computer, Inc.
FALLS CHURCH, Va. – General Dynamics (NYSE: GD) today acquired Tadpole Computer, Inc., a privately held company based in Cupertino, Calif., that provides Unix®-based mobile, secure and battlefield-tested computing platforms for mission-critical military, government and commercial operations. The acquisition will be immediately accretive to General Dynamics. Terms of the transaction were not disclosed.
Tadpole Computer, which has approximately 60 employees, will become part of General Dynamics C4 Systems, a business unit of General Dynamics.
Tadpole Computer’s principal military applications involve secure technologies that are incorporated into mobile platforms that deliver critical information to and from the battlefield or mission. Tadpole Computer provides notebooks and servers in support of joint command and control operations for distributed battlefield management, collaborative briefings, reconnaissance and intelligence gathering. The company has a strategic partnership with Sun Microsystems, Inc. (Santa Clara, Calif.), and supports its SolarisTM operating system for SPARC® platforms.
“Tadpole Computer’s products, services and capabilities are synergistic with our growing operation and complement our existing rugged computing platform offerings for tactical environments requiring mobile, reliable and secure solutions,” said Mark A. Fried, president of General Dynamics C4 Systems. “In addition, we look forward to continuing to meet the requirements of Tadpole’s existing customers and to expanding those relationships as appropriate.”
General Dynamics C4 Systems is a leading integrator of secure communication and information systems and technology. With more than 10,000 employees worldwide, the company specializes in command and control, communications networking, space systems, computing and information assurance for defense, government and select commercial customers in the United States and abroad.
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 70,800 people worldwide and had 2004 revenue of $19.2 billion. The company is a market leader in mission-critical information systems and technologies; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and business aviation.
Certain statements made in this press release, including any statements as to future results of operations and financial projections, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements are based on management’s expectations, estimates, projections and assumptions. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. Additional information regarding these factors is contained in the company’s filings with the Securities and Exchange Commission, including, without limitation, our Annual Report on Form 10-K and our Forms 10-Q.
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Any "forward-looking statements" contained in this press release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
General Dynamics Corporation (ticker: GD, exchange: NYSE)
News Release - Tuesday, August 16, 2005
Press Contact: (703) 876-3199
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