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General Dynamics Awarded $74 Million Order for Support of 2nd Stryker Brigade Combat Team

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 $74 million delivery order as part of a $315 million contract for support of the 2nd Stryker Brigade Combat Team (SBCT). This contract calls for contractor logistics support, equipment and spare parts necessary to maintain the Brigade Combat Team’s operational readiness.

Stryker is the U.S. Army's highest-priority production combat vehicle program. The Stryker is the centerpiece of the Army’s ongoing transformation. The eight-wheeled combat vehicle is significantly lighter and more transportable than existing tanks and armored vehicles. Stryker fulfills an immediate requirement to equip a strategically and operationally deployable brigade capable of rapid movement anywhere in the world in a combat-ready configuration. A total of 2,131 Strykers will be fielded to six SBCTs and the training base.

There are two main Stryker variants – the Infantry Carrier Vehicle (ICV) and the Mobile Gun System (MGS). The ICV has eight additional configurations, seven of which are in production. The MGS and NBC Reconnaissance Vehicle (NBCRV) are in development and are scheduled to begin delivery in 2005.

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, June 15, 2004
Press Contact: (586) 825-7980