General Dynamics Awarded $38.5 Million Order for Abrams Integrated Management Tank Materials
STERLING HEIGHTS, Mich. -- The United States Army Tank-automotive and Armaments Command has awarded General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD), a $38.5 million delivery order for advanced materials to support the assembly of 125 Abrams Integrated Management (AIM) tanks, under a contract originally awarded in March 2001.
Work will be done at the General Dynamics-operated Lima Army Tank Plant in Lima, Ohio (67 percent); the General Dynamics Land Systems Scranton Plant in Eynon, Pennsylvania (30 percent); and the Muskegon Plant in Muskegon, Michigan (3 percent). The 125 tanks are scheduled to be delivered by June 2005.
AIM is a joint effort to refurbish M1A1 Abrams main battle tanks involving the Project Manager Abrams Tank Systems, the United States Army Tank-automotive and Armaments Command, the Anniston Army Depot in Anniston, Ala., and General Dynamics Land Systems.
In the AIM program, M1A1 Abrams tanks are completely disassembled and overhauled to a like-new condition.
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 56,000 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.
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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 - Monday, March 17, 2003
Press Contact: (586) 825-7980
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