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Europe Daily Bulletin No. 7953

27 April 2001
Contents Publication in full By article 42 / 45
ECONOMIC INTERPENETRATION / (eu) defence

The American defence group GENERAL DYNAMICS is to take over its rival NEWPORT NEWS SHIPBUILDING for some $2.6 bn ($500 million of which in debts), thereby creating the only American group building both aircraft carriers and nuclear-powered submarines. NEWPORT NEWS saw a profit of $90 million in 2000 for a turnover of some $2 bn and a workforce of 17,000.

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION
SUPPLEMENT