General Dynamics Awarded Defense Contracts Valued at $16 Million
FALLS CHURCH, Va. – Three General Dynamics (NYSE: GD) business units – General Dynamics Land Systems, Sterling Heights, Mich.; General Dynamics C4 Systems, Taunton, Mass.; and General Dynamics Advanced Information Systems, Suffolk, Va. – yesterday were awarded U.S. Department of Defense contracts worth more than $16 million.
General Dynamics Land Systems was awarded a $6 million modification to a cost-plus-fixed-fee contract from the U.S. Army Tank-Automotive and Armaments Command, Warren, Mich., for systems technical support (STS) for the Abrams tank program. STS allows the change-out of obsolete parts and keeps the Abrams tanks current to their base configuration. The main objective of STS is to keep the tanks running at high operational readiness rates. Work under this contract will be performed at General Dynamics Land Systems headquarters in Sterling Heights, Mich., and is expected to be completed by July 31, 2006. This was a sole source contract initiated in November 2001.
General Dynamics C4 Systems was awarded a $500,000 increment as part of a $140 million cost-plus-fixed-fee contract (initiated in January 2005) for cyclic and catastrophic overhaul of up to 300 Mobile Subscriber Equipment (MSE) Battlefield Communications Shelters. Work will be performed in Taunton, Mass., and is expected to be completed by March 30, 2010. The U.S. Army Communications-Electronics Command, Fort Monmouth, N.J., is the contracting activity.
General Dynamics Advanced Information Systems was awarded a $10.3 million cost-plus-fixed-fee task order for services in support of the U.S. Joint Forces Command's Joint Experimentation Program and Joint Futures Lab. Work will be performed in Suffolk, Va., and is expected to be completed by July 2005. The Fleet and Industrial Supply Center Norfolk Detachment Philadelphia is the contracting activity. This task order is part of a $479 million contract originally awarded in July 2004.
General Dynamics, headquartered in Falls Church, Virginia, 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.
# # #
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, March 29, 2005
Press Contact: (703) 876-3199
|Join the GlobalSecurity.org mailing list|