General Dynamics Receives $16 Million Contract for MK47 "STRIKER40" Weapon Systems
CHARLOTTE, N.C. – General Dynamics Armament and Technical Products, a business unit of General Dynamics (NYSE: GD), has been awarded a $16 million firm-fixed-price contract from the U.S. government for production of the MK47 MOD 0 Weapon System. Called the “STRIKER40,” the MK47 weapon system is a lightweight 40mm grenade launcher with an integrated fire control system capable of firing air-bursting ammunition.
The MK47’s integrated gun and fire control system is significantly more accurate than any previously fielded grenade launcher. The MK47 weapon system is capable of firing programmable air-burst ammunition, as well as all conventional high-velocity 40mm ammunition in the U.S. inventory.
General Dynamics is partnered with Raytheon (Forest, Miss.) to build the Lightweight Video System (LVS) fire control, designed by General Dynamics Canada of Ottawa, Ontario. Program administration will be conducted at General Dynamics’ Burlington, Vt., facility.
General Dynamics Armament and Technical Products provides a broad range of system solutions for military and commercial applications. The company designs, develops and produces high-performance armament systems; a full range of advanced composite-based products; biological and chemical detection systems; and mobile shelter systems. More information about General Dynamics Armament and Technical Products can be found on the World Wide Web at www.gdatp.com.
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 68,400 people worldwide and expects 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, June 18, 2004
Press Contact: (704) 714-8014
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