General Dynamics Awarded $5 Million Contract For M1A1 Abrams Tank Material
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 $5 million contract to order advance material for the production of 59 Abrams tanks for Australia. Award of the production contract, worth approximately $60 million, is forecast for December 2004.
Work will be done at the General Dynamics-operated Joint Systems Manufacturing Center in Lima, Ohio (77 percent); the General Dynamics Land Systems Scranton Plant in Eynon, Pennsylvania (20 percent); and the Muskegon Plant in Muskegon, Michigan (3 percent). The 59 tanks are scheduled to be delivered by August 2006.
Abrams Integrated Management (AIM) is a joint effort to refurbish M1A1 Abrams main battle tanks involving the Project Manager Combat Systems; the Tank-Automotive and Armaments Command; the Anniston Army Depot in Anniston, Alabama; and General Dynamics Land Systems. In the AIM program, M1A1 Abrams tanks are completely disassembled and overhauled to a like-new condition.
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 - Thursday, July 15, 2004
Press Contact: (586) 825-7980
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