
Earl Industries’ corporate headquarters in Portsmouth, Virginia encompasses nearly 200,000 square feet of state-of-the-art, secure facilities. Executive, Ship Repair, Facilities, Engineering, Safety, Purchasing, Planning and Estimating operations are based here.
On the same property, Earl’s 60-acre, modern marine waterfront facility – located on the main branch of the Elizabeth River – is fully outfitted with all of the permanent services necessary for even the largest of ship repair and servicing operations.
FALLS CHURCH, Va. – General Dynamics (NYSE: GD) has entered an agreement to acquire the Ship Repair and Coatings Division of Earl Industries, a leading East Coast ship repair company that supports the U.S. Navy fleet in Norfolk, Va., and Mayport, Fla. The value of the cash transaction, which General Dynamics expects to be accretive to earnings in 2013, has not been disclosed. The transaction is subject to customary closing conditions and is expected to close this summer.
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