General Dynamics Awarded $289 Million for IED Electronic Counter Measure Systems
CHARLOTTE, N.C. – General Dynamics Armament and Technical Products has been awarded a $289 million contract from the U.S. Marine Corps Systems Command (Quantico, Va.) to develop, design, integrate, produce and install Remote Controlled Improvised Explosive Device (RCIED) Electronic Counter Measure systems. The indefinite-delivery/indefinite-quantity contract also funds logistic, technical and field service support for the high-powered RCIED jamming systems in support of the Global War on Terrorism. General Dynamics Armament and Technical Products is a business unit of General Dynamics (NYSE: GD).
Work will be performed in Burlington, Vt. (23 percent); Hanahan, S.C. (22 percent); and Sterling Heights, Mich. (7 percent). Canada-based subcontractor Med-Eng Systems will be responsible for 48 percent of work, with a significant portion being performed in Wisconsin. Work is expected to be completed by July 2006.
General Dynamics Armament and Technical Products, located in Charlotte, N.C., provides a broad range of system solutions for military applications. The company designs, develops and produces high-performance armament systems; a full range of advanced composite-based products; biological and chemical detection systems; and mobile shelter systems. More information about General Dynamics Armament and Technical Products can be found on the World Wide Web at www.gdatp.com.
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 72,200 people worldwide and had 2005 revenue of $21.2 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 - Wednesday, February 8, 2006
Press Contact: (704) 714-8014
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