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General Dynamics Awarded $28M FMS Co-Production Contract

ST. PETERSBURG, Fla. – General Dynamics Ordnance and Tactical Systems, a business unit of General Dynamics (NYSE: GD), announced today that the U.S Army Operations Support Command, Rock Island, Ill. has awarded the company a $28 million Foreign Military Sale (FMS) contract to establish a facility for the production of 120mm M831A1 and M865 tank training ammunition cartridges.

The contract calls for General Dynamics to establish projectile metal parts, case base and seal, load assemble and pack (LAP), and cartridge packaging facilities for both types of 120mm training ammunition. The contract also contains requirements to deliver projectile metal parts, case base and seal and cartridge packaging kits to support the program.

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 - Friday, August 2, 2002
Press Contact: (727) 578-8144

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