General Dynamics Awarded $6 Million Multiple Year Contract for the MK80 Series Bomb Body Production

ST. PETERSBURG, Fla. – The U. S. Army Joint Munitions Command, Rock Island, Ill., has awarded General Dynamics Ordnance and Tactical Systems, a business unit of General Dynamics (NYSE: GD), a $6 million modification to a previously awarded contract for the production of MK80 Series Bomb Bodies. The modification brings the total current value of the multiple year contract, initially awarded in March 2003, to $167.3 million.

The contract will be managed at the General Dynamics facility in Garland, Texas. Completion of the deliveries for the additional quantities is expected by October 2005.

General Dynamics Ordnance and Tactical Systems is a world leader in the manufacture of large- and medium-caliber ammunition, bomb bodies and Ball Powder® propellant. The company also manufactures 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 - Tuesday, May 25, 2004
Press Contact: (727) 578-8144