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General Dynamics Awarded $18.9 Million Contract for F-15 Gun Systems

BURLINGTON, Vt. – General Dynamics Armament and Technical Products, a business unit of General Dynamics (NYSE: GD), has been awarded an $18.9 million contract from McDonnell Douglas Corporation, a wholly owned subsidiary of the Boeing Company, for forty (40) M61A1 20mm Gatling Guns and ammunition feed systems for the F-15 aircraft program. Deliveries will begin in April 2004 and extend through November 2005. Work will be performed in General Dynamics’ Burlington, Vermont, and Saco, Maine, facilities.

The F-15 fulfills multiple roles, including air superiority, ground attack and interdiction missions. The General Dynamics gun and ammunition feed system is rated to fire 4,000 or 6,000 shots per minute from a fixed, forward firing position in the air frame. The lightweight, high-capacity ammunition feed system has been in production since the mid-1980s.

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, 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, January 10, 2003
Press Contact: (802) 657-6246