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General Dynamics Awarded $9 Million Contract for Air Force Information Extraction Research

BUFFALO, N.Y. – The U.S. Air Force has awarded General Dynamics Advanced Information Systems, a business unit of General Dynamics (NYSE: GD), a $9 million indefinite-delivery/indefinite-quantity contract to provide advanced information-extraction research, development and transition to the Air Force Research Laboratory Information Directorate. The initial value of the award is $5 million, with a potential value of up to $9 million if all options are exercised. Work under the contract will be completed by Feb. 2010.

Contract work includes enhancing the existing information-extraction systems under development by the Air Force Research Laboratory Information Directorate. These enhancements will decrease the amount of time users currently need to find information of interest from large amounts of text.

The contract was awarded in the name of Veridian Engineering, which was acquired by General Dynamics in Aug. 2003.

General Dynamics Advanced Information Systems, headquartered in Arlington, Va., is a leading provider of transformational mission solutions in command, control, communications, and computers, intelligence, surveillance and reconnaissance (C4ISR). Customers include those in the defense, intelligence, homeland security and homeland defense communities.

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: (703) 271-7316