General Dynamics Awarded $109 Million by U.S. Army for Small-Caliber Ammunition
ST. PETERSBURG, Fla. – General Dynamics Ordnance and Tactical Systems, a business unit of General Dynamics (NYSE: GD), has recently been awarded two contracts valued at $20.5 and $88.7 million for production of small-caliber ammunition by the U.S. Army Sustainment Command, Rock Island, Ill. Work will be performed in St. Petersburg, Fla.
General Dynamics and its consortium of small-caliber ammunition manufacturers have produced more than 345 million cartridges since 2006. The ammunition is used by all U.S. forces for training and combat operations.
“General Dynamics can deliver more than 300 million rounds per year if needed,” said Steven Torma, vice president of the small-caliber ammunition program at General Dynamics Ordnance and Tactical Systems. “We appreciate the continued confidence the Army has shown in our team’s capabilities.”
General Dynamics Ordnance and Tactical Systems is a world leader in the manufacture of large, medium- and small-caliber direct and indirect-fire munitions, mortar weapons and systems, artillery projectiles, bomb bodies and BALL POWDER® Propellant. The company also manufactures precision metal components; provides explosive load, assemble and pack services for a variety of munitions, tactical missile and rocket programs; and designs and produces shaped charge warheads and control actuator systems. More information on General Dynamics Ordnance and Tactical is available online at www.gd-ots.com
General Dynamics, headquartered in Falls Church, Va., employs approximately 83,500 people worldwide and reported 2007 revenues of $27.2 billion. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available on the Internet at www.generaldynamics.com.
March 14, 2008
Contact: Laurie VanBrocklin
Tel: (727) 578-8187
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