General Dynamics Awarded $13.9 Million for C-17 Composite Structures
BURLINGTON, Vt. – General Dynamics Armament and Technical Products, a business unit of General Dynamics (NYSE: GD), has received the first $13.9 million increment of a new multi-year contract from the Boeing Company for the production of 15 ship sets of composite structures and radomes for the C-17 Globemaster III transport aircraft. The contract extends through 2007 and has a total projected value of more than $57 million.
General Dynamics Armament and Technical Products currently manufactures 46 components and assemblies for the C-17 at its Marion, Va., facility. These parts include the forward and aft radomes, winglets, landing doors and edge flaps. General Dynamics celebrated the delivery of its 100th ship set to the Boeing Company in June 2002.
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 - Friday, May 16, 2003
Press Contact: (802) 657-6246
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