General Dynamics Awarded $51.7 Million Order for Abrams M1A1 Tank Materials
STERLING HEIGHTS, Mich. – The U.S. Army Tank-Automotive and Armaments Command has awarded General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD), a $51.7 million delivery order for 120 Abrams M1A1 tank material sets. The order was awarded on April 2.
Work will be done at the General Dynamics-operated Joint Systems Manufacturing Center in Lima, Ohio (77 percent); the General Dynamics Land Systems Scranton Plant in Eynon, Penn. (20 percent); and the Muskegon Plant in Muskegon, Mich. (3 percent). The 120 tanks are scheduled to be delivered by June 2006.
Abrams Integrated Management (AIM) is a joint effort to refurbish M1A1 Abrams main battle tanks involving the Project Manager Abrams Tank Systems; the Tank-Automotive and Armaments Command; the Anniston Army Depot in Anniston, Ala.; and General Dynamics Land Systems. In the AIM program, M1A1 Abrams tanks are completely disassembled and overhauled to a like-new condition.
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 - Thursday, April 8, 2004
Press Contact: (586) 825-7930
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