General Dynamics Awarded $7.3 Million Ammunition Contract Option
ST. PETERSBURG, Fla. – General Dynamics Ordnance and Tactical Systems, a business unit of General Dynamics (NYSE: GD), announced today that the U.S Army ARDEC/TACOM Command at Picatinny Arsenal, N.J., has exercised a $7.3 million option on an existing ammunition contract for the supply of 75,000 rounds of 25mm M919 Armor-Piercing, Fin Stabilized, Discarding Sabot-Tracer (APFSDS-T) ammunition.
The M919 round, which is fired from the Bradley Fighting Vehicle, is the only medium caliber long-rod armor-piercing round of ammunition produced in the United States. This contract will be managed out of General Dynamics’ Marion, Ill., facility. Manufacture of ammunition will be conducted in Marion and at a Downey, Calif., facility.
General Dynamics, headquartered in Falls Church, Va., 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 - Friday, April 27, 2001
Press Contact: (727) 578-8144
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