General Dynamics Canada Wins $128 Million Contract
FALLS CHURCH, Va. – General Dynamics (NYSE: GD) announced today that its Canadian subsidiary, General Dynamics Canada, was awarded a contract valued at $128 million ($198 million Canadian) by the Canadian Department of National Defense to supply and integrate a new data management system for the CP-140 Aurora, Canada’s long-range maritime patrol aircraft, as part of the ongoing Aurora Incremental Modernisation Project (AIMP).
Under the contract, General Dynamics Canada will supply a new mission computer, integrate upgraded sensors, and provide ground facilities and logistics support. The General Dynamics-designed data management system will provide the enhanced capability and flexibility required to allow the CP-140 Aurora to fulfill its surface and undersea surveillance roles. Work will be completed in Ottawa and Halifax.
General Dynamics, headquartered in Falls Church, Va., employs approximately 52,000 people worldwide and had 2001 revenues of $12 billion US. 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 - Wednesday, June 12, 2002
Press Contact: (703) 876-3190
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