General Dynamics Awarded Source Contract for Bradley Transmission Components
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 source delivery order for Bradley Fighting Vehicle transmission cylinder blocks as part of a five-year, $25 million firm-fixed price contract.
Work will be performed at the General Dynamics Land Systems’ Muskegon (Michigan) Operations facility. This award is the first sale of the contract. If all options are exercised, work will be completed in December 2010.
General Dynamics produces transmissions for the Bradley Fighting Vehicle. The cylinder block is the “heart” of a vehicle’s transmission. It pumps fluid to all key components and enables the transmission to change gears.
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 29, 2004
Press Contact: (586) 825-4610
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