In February 1982 Chrysler announced the sale of Chrysler Defense, its profitable defense subsidiary to General Dynamics for US$348.5 million. The sale was completed in March 1982 for the revised figure of US$336.1 million. General Dynamics renamed the division General Dynamics Land Systems. In 2003 General Dynamics Land Systems - Canada, a subsidiary of General Dynamics, purchased GM Defense from General Motors as well.