
General Dynamics Awarded $9 Million Contract for Guided Rocket Development
BURLINGTON, VT – General Dynamics Armament and Technical Products, a business unit of General Dynamics (NYSE: GD), was awarded the initial $9 million increment of a $53.8 million contract for Block I development of the Advanced Precision Kill Weapon System (APKWS) by the U.S. Army Aviation and Missile Command, Redstone Arsenal, Huntsville, Alabama. The contract period of performance extends through July 31, 2005.
“APKWS is an important program in Army Aviation’s transformation to the objective force and we are confident General Dynamics will make it happen,” said Carol Frazier, Project Manager for Aviation Rockets and Missiles.
The contract funds the system development and demonstration phase of the program to add a precision guidance system to the existing 2.75 inch Hydra-70 rocket, to cost effectively fulfill its mission for accurate use against soft to lightly armored targets.
“We will bring to bear General Dynamics’ considerable integration capabilities to produce this cost-effective precision weapon system for Army Aviation and other war fighters,” said Linda Hudson, president of General Dynamics Armament and Technical Products.
Program management and development work will take place at General Dynamics’ Burlington, Vermont, and Camden, Arkansas, operations. General Dynamics competitively selected BAE Systems of Nashua, New Hampshire, to provide the guidance and control section.
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 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 had 2002 revenues of $13.8 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.
# # #
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 - Thursday, February 6, 2003
Press Contact: (802) 657-6246
NEWSLETTER
|
Join the GlobalSecurity.org mailing list |
|
|