General Dynamics Awarded $18 Million for Production of 2.75-Inch Rockets
CHARLOTTE, N.C. – General Dynamics Armament and Technical Products, a business unit of General Dynamics (NYSE: GD), has received a $17.8 million delivery order from the U.S. Army Aviation and Missile Command, Redstone Arsenal, Ala., for the production of 2.75-inch Hydra-70 rockets and warheads. This order was awarded under a five-year requirements contract signed on May 5, 2005, which has a potential value of $900 million. Orders to date under this contract total $154 million.
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 the 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., facility.
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, June 23, 2005
Press Contact: (704) 714-8014
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