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General Dynamics Awarded $128 Million for Towed Artillery Digitization Digital Fire Control Systems

CHARLOTTE, N.C. – BAE Systems has awarded General Dynamics Armament and Technical Products $127.5 million for production of 589 Towed Artillery Digitization (TAD) Digital Fire Control Systems (DFCS) and 937 prime mover kits for mounting and cabling TAD to wheeled tow units. The equipment is for BAE Systems Land Systems’ M777 lightweight 155mm towed howitzer. This contract brings total program value including Engineering, Manufacturing and Development (EMD) to $170 million. Work will be completed by August 2008. General Dynamics Armament and Technical Products is a business unit of General Dynamics (NYSE: GD).

The TAD Digital Fire Control System outfits the M777 lightweight 155mm towed howitzer with the sensors, displays, mission computer, power supply and communication systems necessary for the howitzer to navigate, aim and receive mission-critical information. The M777 will provide both close and deep fire support to the U.S. Army and U.S. Marine Corps in a lightweight unit with superior accuracy, range, maneuverability and durability.

Program management will be performed at General Dynamics’ Burlington Technology Center in Vermont. Final assembly, integration and testing will occur in Hattiesburg, Miss., at a facility to be leased from BAE Systems.

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, 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. More information about the company is available on the Internet at www.generaldynamics.com.

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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 - Thursday, March 31, 2005
Press Contact: (704) 714-8014