OTHER NEWS - Aug. 25, 1992
From Times Staff and Wire Reports
Hughes Completes Buy of General Dynamics Divisions: Hughes Aircraft Co. has bought General Dynamics’ missile operations by swapping about 21.5 million shares of General Motors common stock worth at least $450 million for the units’ stock. Hughes, a Los Angeles-based unit of General Motors, acquired General Dynamics’ former Air Defense Systems division, with manufacturing operations in Pomona and Rancho Cucamonga, and the Unmanned Strike Systems portion of the Convair division, with operations in San Diego and Sycamore Canyon.
