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General Dynamics Awarded $3.7 Million Contract

ST. PETERSBURG, Fla. – General Dynamics Ordnance and Tactical Systems, a business unit of General Dynamics (NYSE: GD), was recently awarded a cost plus fixed fee contract for the design and development of the Steering Control Section for the Cannistered Countermeasure Anti-Torpedo (CCAT) by the Applied Research Laboratory (ARL) at Pennsylvania State University. ARL is developing the CCAT for the U.S. Navy’s Naval Sea Systems Command. The contract, including options, has a potential value of approximately $3.7 million; the period of performance including options extends through 2005. Work will be performed at the company's Healdsburg, Calif., facility.

The CCAT is intended as a ship defense system with the primary mission of destroying incoming enemy torpedoes.

General Dynamics Ordnance and Tactical Systems is the industry leader and premier developer of high performance, high power rate density and aerospace qualified electro-mechanical actuator systems. These products support a wide array of applications including low cost gun launched munitions, smart munition controls, advanced tactical missiles, stabilized platforms, munitions handling, and divert and attitude control 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 - Tuesday, May 11, 2004
Press Contact: (727) 578-8144

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