S&P: General Dynamics unchanged

Standard & Poor's said that its ratings and outlook on General Dynamics Corp. (A/Stable/A-1) are not affected by the contractor's agreement to acquire Jet Aviation (not rated) for 2.45 billion Swiss francs from a private equity firm.

The agency added that the acquisition should complement and expand the markets served by General Dynamics' Gulfstream business jet unit.

Financing for the transaction, which is expected to close by the end of the year pending customary regulatory approvals, was not disclosed, the agency noted.

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