U.S. Army Awards General Dynamics $90 Million Contract Option for MK80 Series Bomb Body Production
ST. PETERSBURG, Fla. – The U.S. Army Field Support Command at Rock Island, Ill., has awarded General Dynamics Ordnance and Tactical Systems, a business unit of General Dynamics (NYSE: GD), an $89.7 million contract option for the production of MK80 Series Bomb Bodies. This award is the second option of a multiple year contract, originally awarded in March 2003 and brings the total contract value to date to $257M.
The contract will be managed at the General Dynamics Garland, Texas, manufacturing facility. Production includes both inert and live bomb bodies in the 500 lb., 1,000 lb. and 2,000 lb. case classes. Work is expected to be completed by July 2006.
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 - Friday, March 4, 2005
Press Contact: (727) 578-8144
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