General Dynamics Awarded $24.2 Million Contract for Bradley Transmissions and Turret Drive Systems
STERLING HEIGHTS, Mich. – General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD), has been awarded a $24.2 million contract by United Defense for 138 Bradley HMPT 500-3ECB transmission assemblies and 138 turret drive systems. These components are used in the Bradley Fighting Vehicle M2A3 product improvement program.
This contract is the third award against a now fully funded Bradley Multi-Year contract, valued at $76.5 million, that was initially awarded in September 2001.
Work will be preformed with the existing workforce at the General Dynamics Land Systems facilities in Muskegon, Mich. (68%), Tallahassee, Fla. (24%), and Scranton, Penn. (8%). The program will be managed by General Dynamics Land Systems' Propulsion Systems operation in Muskegon, Michigan.
Deliveries will run from April 2004 through March 2005.
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 56,000 people worldwide and had 2002 revenues of $13.8 billion. The company has leading market positions in land and amphibious combat systems, mission-critical information systems and technologies, shipbuilding and marine systems, and business aviation.
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Any "forward-looking statements" contained in this press release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
General Dynamics Corporation (ticker: GD, exchange: NYSE)
News Release - Wednesday, April 9, 2003
Press Contact: (586) 825-7980
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