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On February 5, 2002, the Company acquired 100% of Marconi Data Systems, formerly known as Videojet Technologies (âVideojetâ), from Marconi plc in a stock acquisition, for approximately $400 million in cash including transaction costs.
General Dynamics was still flush with cash after the Canadair purchase, and, given the success of that company, it continued to look for new aviation purchases. In March 1953, it purchased Convair from the Atlas Group. 1981 - Following expropriation legislation passed by the government of the Province of Quebec, General Dynamics' Canadian subsidiary sold its 54.6% controlling interest in Asbestos Corporation Limited to the Quebec government-owned corporation, Societe sociÃ©tÃ© nationale de'l (AMIANTE).  sna