General Dynamics Receives $8 Million in Orders for M2HB Gun Barrels
CHARLOTTE, N.C. – General Dynamics Armament and Technical Products, a business unit of General Dynamics (NYSE: GD), has received two orders with a combined value of $8 million for production of 9,000 M2HB .50 caliber gun barrels from U.S. Army Tank-Automotive and Armaments Command, Rock Island, Ill. These orders bring the total quantity of .50 caliber M2HB barrels ordered in 2004 to 10,800 and extend production deliveries through 2005. All work will be performed at General Dynamics’ Saco, Maine, facility.
General Dynamics has been a leading supplier of gun barrels to the U.S. Department of Defense for more than 50 years, producing a wide variety of gun barrels, from the 7.62mm M60 to the 40mm MK19. General Dynamics barrels are in use on a variety of U.S. fighter aircraft including the A-10, F-14, F-15, F-16, F/A-18 and F-22.
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, Va., 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 - Friday, July 2, 2004
Press Contact: (704) 714-8014
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