Canadian Government to Enter Negotiations with General Dynamics for Acquisition of 66 Mobile Gun Systems
LONDON, Ontario, Canada – During a visit today to the General Dynamics Land Systems – Canada plant in London, Ontario, the Honourable David Pratt, Minister of National Defence, announced that the Canadian Government is set to enter into negotiations with General Dynamics Land Systems – Canada for the acquisition of 66 Mobile Gun Systems. General Dynamics Land Systems, the Canadian company’s parent corporation, is a business unit of General Dynamics (NYSE: GD).
The Mobile Gun System is a variant of the Stryker family of infantry combat vehicles that are currently being manufactured for use by the U.S. Army Stryker Brigade Combat Teams. It will provide mobile direct-fire support and is a key element of the Canadian Army Transformation.
John Ulrich, senior vice-president of General Dynamics Land Systems – Canada, said, “The Stryker Mobile Gun System can provide Canadian forces with a fast, highly mobile, highly lethal gun system, just as it will for the U.S. forces. We look forward to a successful negotiation and continuing a 25 year tradition of providing Canada’s complete fleet of wheeled armoured vehicles.”
For more than 25 years, approximately 1,500 highly skilled technical employees of General Dynamics Land Systems – Canada, located in London, Ontario, Canada have designed, manufactured and delivered a unique family of light armoured vehicles (LAV). More information on the company is available at www.gdlscanada.com.
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 mission-critical information systems and technologies; land and expeditionary combat vehicles, armaments and munitions; 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 15, 2004
Press Contact: (519) 964-5813
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