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General Dynamics Awarded $23 Million for Abrams Tank Systems Technical Support

STERLING HEIGHTS, Mich. – The U.S. Army TACOM Lifecycle Management Command has awarded General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD), a $22.7 million contract modification for Abrams tank systems technical support (STS).

STS funds engineering studies and investigations on Abrams tanks with the purpose of identifying improvements and change-out of obsolete parts, while keeping Abrams tanks current to their base configuration. The STS program’s objective is to maintain Abrams tanks at high operational readiness rates.

Work will be performed at General Dynamics Land Systems headquarters here and is expected to be complete by July 31, 2006. The contract was initially awarded Nov. 23, 2001.

General Dynamics, headquartered in Falls Church, Va., 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 - Wednesday, June 29, 2005
Press Contact: (586) 825-4610

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