General Dynamics Awarded $3.2M Ammunition Contract Add-On
FALLS CHURCH, Va. – The Department of the Army – Headquarters, Operations System Command, Rock Island, Ill., has awarded a $3.2 million contract add-on to General Dynamics Ordnance and Tactical Systems (GD-OTS), a business unit of General Dynamics (NYSE: GD). The contract calls for the production of 305,200 rounds of the 20mm PGU-27A/B Target Practice (TP) Cartridge and 76,300 rounds of the 20mm PGU-30A/B Target Practice-Tracer (TP-T) Cartridge into a Linked AA27 Configuration. Work will be performed at the company’s Marion, Ill. facility.
The PGU-27A/B and 30A/B AA27 ammunition is used by the U.S. Navy/Marine Corps in the AH-1 Cobra Helicopter. The 20mm PGU-27A/B and PGU-30A/B, developed by GD-OTS under contract from the U.S. Navy, represent the most advanced family of 20mm ammunition. This family of ammunition is also used in the F-14, F-15, F-16 and F/A-18 fixed wing aircraft.
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 46,000 people and anticipates 2001 sales of approximately $11.5 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 - Wednesday, February 21, 2001
Press Contact: (727) 578-8144
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