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General Dynamics Receives $19.4 Million Contract for Bradley Reactive Armor

BURLINGTON, Vt. – General Dynamics Armament and Technical Products, a business unit of General Dynamics (NYSE: GD), has been awarded a $19.4 million order from the U.S. Army’s TACOM/ARDEC Picatinny Arsenal for the production of 56 reactive armor vehicle sets and 170 partial sets for the Bradley Fighting Vehicle. The contract also includes funding for the qualification and first-article testing of a product upgrade to further improve crew and vehicle survivability over the current design. Work will be completed by January 30, 2004.

With General Dynamics’ reactive armor, the Bradley is better able to withstand a direct hit from a variety of anti-armor munitions, including shoulder-fired rocket propelled grenades, which are in abundant supply in many of today’s regional conflicts.

This order represents the continuation of a successful program with the Army and a successful relationship with General Dynamics’ strategic partner, Rafael Ordnance Systems of Haifa, Israel, which will share 50 percent of the production workload. A total of 409 sets of reactive armor have been delivered since the inception of the program. Qualification of the new reactive armor design could extend production deliveries several more years.

General Dynamics Armament and Technical Products provides a broad range of system solutions for military and commercial applications. The company designs, develops and produces high-performance armament systems; a full range of advanced composite-based products utilizing various production capabilities; biological and chemical detection systems; tactical deception equipment; and mobile shelter systems. In addition, Armament and Technical Products provides system management for several key U.S. Department of Defense programs, including the Hydra-70 2.75 inch rocket system and reactive armor for the U.S. Army’s Bradley Fighting Vehicle. More information about General Dynamics Armament and Technical Products can be found on the World Wide Web at www.gdatp.com.

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 - Wednesday, October 9, 2002
Press Contact: (802) 657-6246