Air Force explains automation delay
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Read MoreGeneral Dynamics makes addition to threat intel business
The planned General Dynamics purchase of Fidelis Security Systems might look like a case of a corporate giant buying an upstart to make it vanish, but executives said that is not what's happening this time. "This is really not about swallowing Fidelis, this is about giving it some resources to enable it to grow," said GD's John Jolly. The companies announced an agreement today to purchase Fidelis at a price they are not yet revealing. Executives said the deal is 99.99 percent likely to be finalized. Once that happens, the 70-employee company will be called GD Fidelis Security Systems and it will retain its offices in Bethesda, Md., and Waltham, Mass. "We are not planning any personnel moves as part of this," Jolly said.
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