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General Dynamics CEO calls M&A process "broken"
bizjournals
Wednesday, 23 January 2013

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General Dynamics' new CEO, Phebe Novakovic, said the company's acquisition process is broken and expressed regret about some recent buys that contributed to poor performance during 2013, particularly in the information systems and technology group. While acquisitions that support force protection and ship repair were excellent, Novakovic said, "IS&T acquisitions haven't been,"without pointing to any specific deals. Among the companies that Falls Church-based General Dynamics (NYSE: GD) bought to…
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