General Dynamics Awarded $9.6M Ammunition Contract
ST. PETERSBURG, Fla. – The Department of the Army Headquarters, Field Support Command, Rock Island, Ill. has awarded a $9.6 million contract to General Dynamics Ordnance and Tactical Systems, a business unit of General Dynamics (NYSE: GD), for the production of 20mm PGU-27A/B Target Practice (TP) Cartridges. Work will be performed at the company’s Marion, Ill., facility and is expected to be completed by April 2005.
PGU-27A/B ammunition is used by the U.S. Navy and Air Force in the F-14, F-15, F-16 and F/A-18 fixed-wing aircraft and the AH-1 Cobra helicopter. Developed by General Dynamics Ordnance and Tactical Systems under contract from the U.S. Navy, this round represents the most advanced family of 20mm ammunition. General Dynamics Ordnance and Tactical Systems has delivered more than 306 million rounds of medium-caliber ammunition to the U.S. government and allied and friendly nations.
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 66,900 people worldwide and anticipates 2003 revenues of approximately $16.1 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 - Friday, December 12, 2003
Press Contact: (727) 578-8144
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