Skip to main content

SNC-Lavalin Group Inc. is selling its bullet, grenade and ammunition making division for $315-million to U.S. defence giant General Dynamics Corp., the companies announced yesterday. SNC Technologies, which employs about 1,600 people at plants in Quebec and three U.S. states, makes small-, medium- and large-calibre ammunition and supplies training systems and other products for defence and police forces. It also has a munitions testing site at Nicolet, Que. General Dynamics said SNC Technologies had revenue last year of $293-million (U.S.). The company is a main supplier of ammunition used by the Department of National Defence and also supplies bullets to the U.S. Defence Department, at a time when U.S. forces require large quantities of munitions. SNC Technologies also supplies munitions to Australia, Belgium, Denmark, France, Greece, the Netherlands, Hong Kong, Italy, the United Kingdom and other countries. GD (NYSE) rose $1.02 to $121.22. SNC (TSX) rose 10 cents (Canadian) to $87.60. CP

Report on Business Company Snapshot is available for:

Follow us on Twitter: @globebusinessOpens in a new window

Report an error

Editorial code of conduct

Tickers mentioned in this story