General Dynamics Awarded $23.6 Million Contract for Bradley Transmissions and Turret Drive Systems
STERLING HEIGHTS, Mich. – General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD), has received a $23.6 million contract from United Defense for 142 Bradley HMPT 500-3ECB transmissions and 142 turret drive systems.
This award represents the second year of a three-year Bradley multi-year contract that, when fully exercised, is valued at $76.5 million.
Work will be performed with the existing workforce at the General Dynamics Land Systems facilities in Muskegon, Michigan (68%); Tallahassee, Florida (24%); and in Scranton, Pennsylvania (8%). The program will be managed by General Dynamics Land Systems’ Propulsion Systems operation in Muskegon, Michigan.
Deliveries will run from February 2003 through February 2004.
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, April 5, 2002
Press Contact: (586) 825-7980
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