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General Dynamics Awarded $16.5 Million Contract for Abrams System Technical Support

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 $16.5 million modification to a previously awarded contract for systems technical support (STS) for the Abrams tank. The contract being modified was awarded in November 2001.

Work under this contract will be performed at General Dynamics Land Systems' headquarters in Sterling Heights, Mich., and is expected to be completed by September 30, 2006.

STS allows for the change-out of obsolete parts and keeps Abrams tanks current to their base configuration. The main objective of STS is to keep tanks available for service with very high operational readiness rates.

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 18, 2004
Press Contact: (586) 825-7980



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