General Dynamics Selected to Develop Turreted Gun System for V-22 Aircraft
BURLINGTON, Vt. – General Dynamics Armament Systems, a wholly owned subsidiary of General Dynamics (NYSE: GD), has been selected by Bell Boeing to develop a turreted gun system for the V-22 Osprey Aircraft. Official contract award and program start is slated for first quarter 2001 with the contract running through February 2005. The $45 million contract will be for systems engineering and design, development, fabrication and testing of three complete V-22 turreted gun systems with spares. The selection of General Dynamics positions the company for a gun system production program with potential value of more than $250 million.
"We are pleased to have the opportunity to work with Bell Boeing and apply our strong weapon system integration expertise on this versatile U.S. Marine Corps aircraft," said General Dynamics Armament Systems President Linda Hudson.
The General Dynamics V-22 turreted gun system integrates a 12.7-mm, GAU-19/A Gatling gun, a lightweight turret; and a composite, linear linkless ammunition storage and feed system. The system will provide the V-22 Osprey with strong suppressive firepower capability. This suppressive capability will increase the survivability of the V-22 Osprey. The V-22, which features unmatched operational and tactical agility, will enable response to a growing number of diverse contingencies, from disaster relief to major theater war.
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 44,000 people worldwide and has annualized sales of approximately $10 billion. The company has leading market positions in business aviation, information systems, shipbuilding and marine systems, and land and amphibious combat systems.
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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 - Tuesday, September 12, 2000
Press contact: (802) 657-6486
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