General Dynamics Awarded $72.5 Million Contract for Abrams Integrated Management Tanks
STERLING HEIGHTS, Mich. – The United States Army Tank-Automotive and Armaments Command has awarded General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD), a $72.5 million contract for the assembly of 135 Abrams Integrated Management (AIM) tanks and the procurement of long-lead materials for the next production year.
Work under the contract will be done at the General Dynamics-operated Lima Army Tank Plant in Lima, Ohio (67 percent); the General Dynamics Land Systems Scranton Plant in Eynon, Pennsylvania (30 percent); and the Muskegon Plant in Muskegon, Michigan (3 percent). The 135 tanks are scheduled to be delivered by June 2003.
AIM 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 program, M1A1 Abrams tanks are completely disassembled and overhauled to a like-new condition.
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 52,000 people worldwide and had 2001 revenues of $12 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 - Friday, March 1, 2002
Press Contact: (586) 825-7980
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