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General Dynamics Receives $12 Million Contract for Aegis Directors/Controllers

CHARLOTTE, N.C. – General Dynamics Armament and Technical Products, a business unit of General Dynamics (NYSE: GD), recently received a $12 million option to a previously awarded contract from the Naval Sea Systems Command, Washington, D.C., for the production of three Aegis gun and guided missile director and controller ship sets. The initial contract award was in September 2003; this option brings total contract value to date to $27.5 million.

General Dynamics Armament and Technical Products produces the Aegis Illuminator gun and guided missile MK 82/200 director/controllers for the Aegis Weapon System, the U.S. Navy’s most advanced tactical radar defense system. The MK 82 director/controller is a large electro-mechanical assembly that provides a stabilized platform for Raytheon Equipment Division’s radar antenna assembly and provides motion in two axes, supplying position and radar Line of Sight (LOS) data to the fire control system computer.

General Dynamics has more than 20 years of experience in the design, production and technical support of the Aegis MK 82/200. Program management, assembly and testing will all be performed at General Dynamics’ Vermont-based Burlington Technology Center.

General Dynamics Armament and Technical Products, located in Charlotte, N.C., 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 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 - Monday, November 22, 2004
Press Contact: (704) 714-8014