General Dynamics Awarded $11 Million Ammunition Contract
ST. PETERSBURG, Fla. – General Dynamics Ordnance and Tactical Systems, a business unit of General Dynamics (NYSE: GD), announced today that the Department of the Army Headquarters, Joint Munitions Command, Rock Island, Ill., has awarded the company an $11.1 million modification to a firm-fixed-price contract to manufacture 25mm M793 TP-T (Target Practice Tracer) cartridges. This award brings the total contract value to $108 million for the M793 program. Work will be performed at the company’s Marion, Ill., facility and is expected to be completed by September 2005.
General Dynamics Ordnance and Tactical Systems is the systems integrator and only one of two U.S. manufacturers of M793 cartridges. The M793 is part of a family of 25mm Bushmaster munitions used on the U.S. Army’s M2/M3 Bradley Fighting Vehicle and the U.S. Marine Corps’ Light Armored Vehicle. The Marion facility has produced over 25 million rounds of this ammunition family, with proven success in Operation Desert Storm and Operation Iraqi Freedom.
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 67,600 people worldwide and had 2003 revenue of $16.6 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 - Friday, February 6, 2004
Press Contact: (727) 578-8144
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