General Dynamics Awarded Contract for Bradley Transmission Conversions
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 delivery order for $9 million for Bradley Fighting Vehicle transmission conversions. This order is part of a $43 million firm-fixed price contract, originally awarded in October 2003; total value of delivery orders to date on this contract is $26 million.
General Dynamics produces transmissions for the Bradley Fighting Vehicle. The Bradley provides protected transport of an infantry squad on the battlefield and overwatching fires to support the dismounted infantry. It suppresses and defeats enemy tanks, other vehicles, bunkers, dismounted infantry and attack helicopters; and performs cavalry scout, fire-support and short-range air defense missions. This conversion work enhances transmission reliability and is applied during the remanufacturing process.
Work will be performed on 151 transmissions by existing employees at the General Dynamics Land Systems’ Muskegon, Mich., Operations facility. Contract funds will not expire at the end of the current fiscal year.
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 71,600 people worldwide and anticipates 2004 revenue in excess 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, November 5, 2004
Press Contact: (586) 825-4610
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