
General Dynamics Receives $21 Million Option for M2HB Machine Gun Overhaul Kits
CHARLOTTE, N.C. – General Dynamics Armament and Technical Products, a business unit of General Dynamics (NYSE: GD), received a $21 million contract option from U.S. Army Tank Automotive Command, Rock Island, Ill., for the production of 45 M2HB Machine Gun Overhaul Kits. The option was exercised under a contract awarded to General Dynamics in Sept. 2004 and brings the total contract value to $42 million.
These 45 kits will be used by the Army to overhaul a total of 4,500 M2HB Machine Guns at the Anniston Army Depot. The overhaul kits supply the planned material required to rebuild M2HB weapons that have been classified as unserviceable. The M2HB crew-served 12.7 mm machine gun features a rate of fire of over 450 rounds per minute and a maximum effective range of 2,000 yards. Its high level of lethality and versatility has made it the world standard in its class.
This contract option will extend deliveries through June 2006. Production work will be performed at General Dynamics Armament and Technical Products’ Saco, Maine, facility. Program management will occur at the company’s Burlington, Vt., facility.
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 70,200 people worldwide and had 2004 revenue of $19.2 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, February 22, 2005
Press Contact: (704) 714-8014
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