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General Dynamics Awarded $37 Million Contract for F/A-18E/F Gun Systems

BURLINGTON, Vt. – General Dynamics Armament and Technical Products, a business unit of General Dynamics (NYSE: GD), has been awarded a contract by the Naval Air Systems Command, Patuxent River, Md., valued at up to $37.1 million, for an initial production run of 39 F/A-18 E/F 20mm M61A2 Gun Systems, with options for up to 126 additional systems over a three-year period. Primary work on the program will be performed at the company’s Saco, Maine, facility.

The base contract calls for system deliveries from June 2002 through February 2003. Options on this contract would extend production through March 2006.

The F/A18-E/F Gun System has a firing rate of 7,200 shots-per-minute and comprises a M61A2 gun with new, lightweight barrels, and a fully integrated, linkless ammunition feed system. The system serves as the aircraft’s last line of defense in close-in aerial engagements. The M61 gun arms virtually all U.S. fighter aircraft.

General Dynamics Armament and Technical Products provides a broad range of product solutions for a full range of military applications as well as commercial markets. The company designs, develops and produces high performance armament systems, advanced composite-based products, portable biological and chemical detection systems, tactical deception equipment and mobile shelter systems. In addition, Armament and Technical Products provides system management for several key DoD programs, including the Hydra-70 2.75-inch rocket system. More information about the company can be found on the World Wide Web at www.gdatp.com.

General Dynamics, headquartered in Falls Church, Va., employs approximately 54,000 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 - Monday, July 15, 2002
Press Contact: (802) 657-6486



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