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General Dynamics Awarded $7.8M Ammunition Demilitarization Delivery Order

ST. PETERSBURG, Fla. – General Dynamics Ordnance and Tactical Systems, a business unit of General Dynamics (NYSE: GD), announced today that it has received from the U.S Army Operations Support Command, Rock Island, Ill. a delivery order valued at $7,836,334. This order, part of a $66.3 million firm-fixed-price, indefinite-delivery/ indefinite-quantity contract, is for the demilitarization of various quantities of six different families of munitions ranging from 20mm ammunition to 2,000-lb. bombs. Work will be completed by November 2005.

Ammunition demilitarization is a process involving the separation of the munitions elements, such as explosives and metal parts. Usable components are reclaimed for reuse, while the remaining elements are rendered safe for disposal.

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 54,000 people worldwide and anticipates 2002 revenues of approximately $14 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 - Thursday, July 25, 2002
Press Contact: (727) 578-8144

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