General Dynamics Awarded $5 Million Warhead Design and Development Contract
ST. PETERSBURG, Fla. – General Dynamics Ordnance and Tactical Systems, a business unit of General Dynamics (NYSE: GD), has been awarded a contract valued at $4.8 million for design and development of the BLU-113 warhead system by the U.S. Air Force Air Armament Center, Eglin Air Force Base, Fla. This contract includes production options which, if awarded, have an additional value of approximately $24 million. The period of performance with all options exercised is through June 2008. Work will be performed at the company’s Niceville, Fla., facility.
The BLU-113 is a 5,000-pound-class warhead used in the GBU-28 “Bunker Buster.” Designed and first used during the 1991 Persian Gulf War, the GBU-28 is intended to destroy deeply-buried and extremely-hardened targets such as bunkers, tunnels and underground command centers.
General Dynamics Ordnance and Tactical Systems manufactures large- and medium-caliber ammunition and precision metal components; provides explosive load, assemble and pack services for a variety of tactical missile and rocket programs; and designs and produces shaped-charge warheads and control actuator systems.
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 57,000 people worldwide and anticipates 2003 revenues of $15 billion. The company has leading market positions in mission-critical information systems and technologies, land and amphibious combat systems, 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 - Thursday, June 19, 2003
Press Contact: (727) 578-8144
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