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General Dynamics Awarded $5 Million for Production of M2HB Receivers

CHARLOTTE, N.C. – General Dynamics Armament and Technical Products, a business unit of General Dynamics (NYSE: GD), was awarded a $5.3 million contract from U.S. Army Tank Automotive Command, Rock Island, Ill., for the production of receiver assemblies for the M2HB machine gun. Deliveries on this contract will commence in January and extend through December 2006.

These receiver assemblies, which form the body of the weapon, will be used to refurbish M2HB machine guns at Anniston Army Depot, Ala., and as spare parts for fielded M2HBs. The M2HB crew-served 12.7 mm machine gun features a rate of fire of over 450 rounds per minute and a maximum effective range of 2,000 yards. Its high level of lethality and versatility has made it the world standard in its class.

Production work will be performed at General Dynamics Armament and Technical Products’ Saco, Maine, facility, which has manufactured the M2 Machine Gun since 1979. Program management will occur at the company’s Burlington, Vt., 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 - Wednesday, June 29, 2005
Press Contact: (704) 714-8014



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