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General Dynamics To Buy Veridian

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General Dynamics [NYSE: GD] has agreed to buy Veridian Corp. [NYSE: VNX], an Arlington, Va.-based remote sensing and information processing firm, for $35 per share in cash. With the assumption of Veridian’s $270 million in debt, the cost of the transaction would be approximately $1.5 billion. The transaction is expected to close by the end of the third quarter of 2003.

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