General Dynamics and Aeronautics Defense Systems, LTD Sign Strategic Alliance Agreement
ST. PETERSBURG, Fla. – General Dynamics Ordnance and Tactical Systems, a business unit of General Dynamics (NYSE: GD), has formed a strategic alliance with Aeronautics Defense Systems, LTD. The alliance allows General Dynamics Ordnance and Tactical Systems to offer Aeronautics’ unmanned aerial systems technologies, including the Unmanned Multi-Application System (UMASä), to the U.S. market and select international customers.
Aeronautics developed the UMASä, an aerial surveillance tool that allows for real-time integration of multiple users into a central communications system. UMASä equipped systems, already operating in Israel, provide a real-time “bird’s eye view” of the surveillance area to combatant commanders and airborne command posts. Aeronautics is headquartered in Yavne, Israel, and is an industry leader in the development and operation of unmanned vehicles in support of surveillance missions.
“I would like to congratulate General Dynamics and Aeronautics for the strategic cooperation they established bringing together both companies’ state-of-the-art technologies in defense and homeland security,” said Ehud Olmert, Israeli Deputy Prime Minister and Minister of Industry. “This agreement is additional proof of the technological and commercial benefits that alliances between industries from the U.S. and Israel can produce.”
Michael S. Wilson, president of General Dynamics-Ordnance and Tactical Systems said, “This new alliance brings exciting opportunities to leverage the systems integration expertise of General Dynamics with a proven technology leader in the global unmanned vehicle market. We look forward to forging an effective team with Aeronautics to bring their unique capabilities and product offerings to the marketplace.”
Avi Leumi, chief executive officer of Aeronautics Defense Systems, credited his team for the alliance with General Dynamics. “The entire Aeronautics team is responsible for the company’s success and we’re pleased to form this alliance with a partner who can expand our opportunities.”
General Dynamics Ordnance and Tactical Systems manufactures large- and medium-caliber ammunition, bomb bodies and precision metal components; provides explosive load, assemble and pack services for a variety of tactical missile and rocket programs; and designs and produces shaped charge warheads and control actuator systems.
General Dynamics, headquartered in Falls Church, Va., employs approximately 67,600 people worldwide and had 2003 revenue of $16.6 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 - Thursday, February 19, 2004
Press Contact: (727) 578-8144
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