General Dynamics Awarded $15.7 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–Field Support Command, Rock Island, Ill., has awarded the company a $15.7 million firm-fixed-price contract to produce 1,468,550 rounds of 30mm PGU-15/B Target Practice (TP) Cartridges.
The U.S. Air Force uses the PGU-15/B TP Cartridge in the GAU-8/A gun system on the A-10 combat aircraft. Work will be performed at the company’s Marion, Ill. facility, and is expected to be completed by May 2005.
General Dynamics Ordnance and Tactical Systems manufactures large- and medium-caliber ammunition and precision metal components; provides explosive load, assemble and pack services for a variety of tactical missile and rocket programs; and designs and produces shaped charge warheads and control actuator systems.
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 68,400 people worldwide and anticipates 2004 revenue of $19 billion. The company is a market leader in mission-critical information systems and technologies; land and expeditionary combat systems, 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 - Friday, May 7, 2004
Press Contact: (727) 578-8144
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