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General Dynamics Receives $7.9 Million Contract for Aegis Directors/Controllers

BURLINGTON, VT – General Dynamics Armament and Technical Products, a business unit of General Dynamics (NYSE: GD), has received a $7.9 million first increment release order from the Naval Sea Systems Command, Washington, D.C., for the production of two Aegis gun and guided missile director and controller ship sets. General Dynamics anticipates an additional release order for the production of two more ship sets by the end of the year. Total contract value could reach $41 million if all contract options are exercised.

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; 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 64,600 people worldwide and estimates 2003 revenues of $15.5 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 - Tuesday, September 23, 2003
Press Contact: (802) 657-6246