General Dynamics Receives $9.5 Million Contract Option for Aegis Directors
BURLINGTON, VT – General Dynamics Armament and Technical Products, a business unit of General Dynamics (NYSE: GD), has received a $9.5 million contract option from the Naval Sea Systems Command, Washington, D.C., for the production of an additional two ship sets of Aegis gun and guided-missile directors and controllers. The contract being modified was originally awarded in February 2001; this option brings the cumulative contract value to date to $43.3 million and extends deliveries through 2005.
General Dynamics Armament and Technical Products produces the Aegis Illuminator gun and guided-missile director and controller to equip the Aegis Weapon System, the U.S. Navy’s most advanced air defense system. The Aegis Director provides a stabilized platform for Raytheon Equipment Division’s radar antenna assembly and provides motion in two axes, supplying position and radar Line of Sight (LOS) data to the fire control system computer.
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 57,000 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, April 28, 2003
Press Contact: (802) 657-6246
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