General Dynamics Awarded $31.5 Million Assembly Contract for Abrams Tanks
STERLING HEIGHTS, Mich. – The United States Army Tank-Automotive and Armaments Command has awarded General Dynamics Land Systems a $31.5 million contract modification to assemble 135 sets of material into Abrams Integrated Management for the 21st Century (AIM XXI) tanks.
Work on the firm fixed price contract will be done at the General Dynamics-operated Lima Army Tank Plant in Lima, Ohio (77 percent); and at Land Systems’ Scranton Plant in Eynon, Pennsylvania (20 percent), and Muskegon Plant in Muskegon, Michigan (3 percent). The 135 tanks are to be delivered by June 30, 2002.
AIM XXI is a joint effort to refurbish M1A1 Abrams main battle tanks involving the Project Manager Abrams Tank Systems, the United States Army Tank-Automotive and Armaments Command, the Anniston Army Depot in Anniston, Alabama, and General Dynamics Land Systems.
In the AIM XXI program, M1A1 Abrams tanks are completely disassembled and overhauled to a like-new condition.
General Dynamics Land Systems is a wholly owned subsidiary of General Dynamics (NYSE: GD). General Dynamics, headquartered in Falls Church, Virginia, employs approximately 46,000 people worldwide 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 - Tuesday, March 6, 2001
Press Contact: (810) 825-7930
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