General Dynamics Awarded $206 Million for 95 Additional Stryker Combat Vehicles
STERLING HEIGHTS, Mich. – The U.S. Army Tank-Automotive and Armaments Command today awarded General Dynamics Land Systems three delivery orders valued at $206 million for 95 Stryker combat vehicles, including the first production of the Mobile Gun System and Nuclear, Biological, and Chemical Reconnaissance variants. The vehicles are part of a $4 billion order awarded in November 2000 to equip the Army’s six new Stryker Brigade Combat Teams with 2,100 Stryker armored vehicles. General Dynamics Land Systems is a business unit of General Dynamics (NYSE: GD).
The Department of Defense approved the mobile gun variant and NBC reconnaissance vehicle for low rate initial production in October of this year.
Production of 14 mobile guns, 17 NBC vehicles, 25 infantry and 39 mortar carriers begins in January 2005 at plants in Anniston, Alabama; Lima, Ohio; and London, Ontario. Production will be completed in February 2006. Subcomponents will be built at General Dynamics Land Systems facilities in Eynon, Pennsylvania; Imperial Valley, California; Muskegon, Michigan; Tallahassee, Florida; and Westminster, Maryland.
The Army will have six Stryker Brigade Combat Teams by 2008. Stryker is the Army’s highest-priority production combat vehicle program and the centerpiece of the ongoing Army Transformation. Significantly lighter and more transportable than existing tanks and armored vehicles, Stryker fulfills an immediate requirement to equip a strategically deployable (C-17/C-5) and operationally deployable (C-130) brigade capable of rapid movement anywhere on the globe in a combat-ready configuration.
Stryker is a family of eight-wheel drive combat vehicles that can travel at speeds up to 62 mph on highways, with a range of 312 miles. It operates with the latest C4ISR equipment as well as detectors for nuclear, biological and chemical weapons. Stryker vehicle configurations include the nuclear, chemical and biological reconnaissance vehicle; anti-tank guided missile and medical evacuation vehicles; and carriers for mortars, engineer squads, infantry squads, command groups, and fire support teams.
The Nuclear, Biological, and Chemical Reconnaissance Vehicle can detect, identify and mark areas of contamination and report that information in real time. It is equipped with the Joint Service Lightweight Standoff Chemical Agent Detector a fully automatic system that searches the surrounding atmosphere for chemical agent vapor clouds. An on-board Biological Integrated Detection System provides warning, confirmation and identification of multiple biological agents simultaneously.
The Mobile Gun System, a separate Stryker variant, is armed with a General Dynamics 105mm tank cannon in a low-profile, fully stabilized, “shoot on the move” turret. It carries 18 rounds of NATO-standard 105mm main gun ammunition; 400 rounds of .50 caliber ammunition; and 3,400 rounds of 7.62mm ammunition. The system, which began development in 2001, continues reliability testing through June 2005 when a decision to purchase 58 additional systems is expected.
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 71,600 people worldwide and anticipates 2004 revenue in excess of $19 billion. The company is a market leader in mission-critical information systems and technologies; land and expeditionary combat systems, armaments and munitions; 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 - Thursday, December 2, 2004
Press Contact: (586) 825-7930
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