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General Dynamics Awarded $20 Million in Army Contracts

FALLS CHURCH, Va. – Three units of General Dynamics (NYSE: GD) – General Dynamics Ordnance and Tactical Systems, General Dynamics Land Systems, and General Dynamics Armament and Technical Products – recently have been awarded contracts by the U.S. Army. The total value of the contracts exceeds $20 million.

General Dynamics Ordnance and Tactical Systems, St. Petersburg, Fla., on Sept. 26 was awarded an $8.6 million contract to provide load services for 155mm M231 and M232 modular artillery charge system propelling charges. Work will be performed in Woodberry, Ark., and is expected to be completed by Sept. 24, 2004. The U.S. Army Tank-Automotive and Armaments Command, Picatinny Arsenal, Ala., awarded the contract.

General Dynamics Land Systems’ operation in Shelby Township, Mich., on Sept. 26 was awarded a $5.8 million modification to a previously awarded contract for a European Distribution Center and forward repair area. Work will be performed in Germany (64 percent), Iraq (31 percent), and Kuwait (5 percent), and is expected to be completed by Oct. 15, 2004. The U.S. Army Tank-Automotive and Armaments Command, Warren, Mich., awarded the contract.

Finally, General Dynamics Armament & Technical Products, Burlington, Vt., on Sept. 29 was awarded a delivery order valued at $6 million for 34 GAU-19 Gatling guns, one AC-47 system, and various spare parts. Work will be performed in Saco, Maine, and is expected to be completed by July 31, 2005. The U.S. Army Tank-Automotive and Armaments Command, Rock Island, Ill., awarded the contract.

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 64,600 people worldwide and anticipates 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 - Thursday, October 2, 2003
Press Contact: (703) 876-3199