General Dynamics Receives $7.2M Contract Award for the STRIKER 40 (MK47) Grenade Machine Gun
BURLINGTON, Vt. – General Dynamics Armament and Technical Products, a business unit of General Dynamics (NYSE: GD), received a sole-source $7.2M contract award from U.S. Special Operations Command (USSOCOM) for production of the STRIKER 40 (MK47) 40mm Grenade Machine Gun system.
“The STRIKER 40 will be the first integrated air burst-capable crew-served weapon system fielded in the world,” said Colonel Tom Spellissy, Program Executive Officer for Special Programs, USSOCOM. “It is a very effective system with first-round hit capability, it is highly reliable and it is easy for soldiers to use.”
The STRIKER 40’s integrated gun, sight and fire control system is significantly more accurate than any previously fielded grenade launcher. The system incorporates the latest targeting and sensing technology with a computerized fire control for operation under all weather conditions, day or night.
The STRIKER 40 is capable of firing programmable air burst ammunition made by NAMMO of Norway as well as all conventional high velocity 40mm ammunition in the U.S. inventory. General Dynamics is partnered with Raytheon in Forest, Mississippi to build the Lightweight Video System (LVS) fire control designed by General Dynamics Canada. Work will be performed at sites in Saco, Maine and Burlington, Vermont.
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; biological and chemical detection systems; tactical deception equipment; and mobile shelter systems. 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 anticipates 2002 revenues of $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
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