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General Dynamics Awarded $900 Million Contract for Production of 2.75-Inch Rockets

CHARLOTTE, N.C. – General Dynamics Armament and Technical Products, a business unit of General Dynamics (NYSE: GD), was awarded a five-year indefinite delivery, indefinite quantity contract with an estimated value of $900 million from the U.S. Army Aviation and Missile Command, Redstone Arsenal, Ala., for the production of 2.75-inch Hydra-70 rockets, motors and warheads.

Hydra-70 is a family of unguided rockets offering several warhead configurations that enable an aircrew to match the rocket employed to the mission at hand. The widely used Hydra-70 rocket is versatile, affordable and extremely effective against area suppression-type targets. Rockets can be fired from a variety of rotary and fixed-wing platforms, including the U.S. Army Apache and U.S. Marine Corps Cobra attack helicopters, the U.S. Air Force F-16 Fighting Falcon and combat aircraft of many nations worldwide.

System engineering and program management will be performed at General Dynamics’ Burlington Technology Center in Vermont. Final assembly and component sub-assembly will occur at General Dynamics’ Camden, Ark., and McHenry, Miss., facilities.

General Dynamics Armament and Technical Products, located in Charlotte, N.C., provides a broad range of system solutions for military 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 70,100 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 - Thursday, May 5, 2005
Press Contact: (704) 714-8014