General Dynamics Receives $10.2 Million Contract for F/A-18E/F Gun Systems
BURLINGTON, Vt. – General Dynamics Armament and Technical Products, a business unit of General Dynamics (NYSE: GD), has received a $10.2 million contract option from the Naval Air Systems Command, Patuxent River, Md., for an additional production run of 45 F/A-18 E/F 20mm M61A2 gun systems. This option is part of a multi-year contract received in September 2001, with a forecasted potential quantity of up to 183 units. The current award increases the contract total to $29.5 million for 132 units and extends deliveries through March 2005.
The F/A18-E/F gun system has a switchable firing rate of 4,000 or 6,000 shots per minute and is comprised of a lightweight 20mm M61A2 gun and a fully integrated, linkless ammunition feed magazine. The system serves as the aircraft’s last line of defense in close-in aerial engagements. Gun system assembly will be performed at General Dynamics’ Saco, Maine, facility.
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 - Tuesday, May 20, 2003
Press Contact: (802) 657-6246
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