General Dynamics Closes $960M Vangent Acquisition

General Dynamics Corp. has closed its $960 million acquisition of Vangent Inc. in a move that builds out GD’s health care IT business. The company becomes part of General Dynamics IT and creates a health care business that stretches across both civilian and defense agencies.

“Together with General Dynamics Information Technology’s 30 years of experience in the health care IT market, this acquisition creates a Tier 1-level business that can meet the large-scale requirements of customers in markets that are receiving high priority in current funding and entitlement reform initiatives,” GD chairman and CEO Jay Johnson said in an announcement...