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Defence groups diversify amid budget cuts

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September 20, 2011
FedCyber Wire, Solution Providers, Spending
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via FT.com

Defence contractors are renewing efforts to expand their non-military businesses as they search for strategies to cope with declining defence budgets worldwide.

Last month, General Dynamics, the fourth-biggest US defence contractor by government revenues, agreed to buy Vangent — which provides healthcare information technology services to the Department of Health and other agencies — for about $960m in cash.

Continued here.