General Dynamics Awarded $28 Million in Contracts for Smoke Generators and Tank Technical Support
STERLING HEIGHTS, Mich. – General Dynamics Land Systems, a subsidiary of General Dynamics (NYSE: GD), was awarded modifications to existing Department of Defense contracts totaling $28 million on November 27, 2002.
The first award is a $17.6 million contract modification for production of 94 M56 smoke generators, repair parts and on-site logistics support. The work will be performed by the company’s Robotic Systems business unit in Westminster, Md., and is to be completed in 2008.
The second award is a $10.4 million contract modification for system technical support for the Abrams tank program. Work will be performed at Sterling Heights, Mich., and completed in 2006.
General Dynamics, headquartered in Falls Church, Virginia, 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, December 4, 2002
Press Contact: (586) 825-7080
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