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Navy Picks General Dynamics to Continue Providing Support to Defense Property Accountability System

NEEDHAM, Mass. – The U.S. Navy Supply Information Systems Activity (NAVSISA) has awarded General Dynamics Network Systems a contract to continue supporting the development and maintenance of the Defense Property Accountability System (DPAS). The time-and-materials contract, valued at $1.2 million annually, has a base performance period of one year with a one-year option. General Dynamics Network Systems is a business unit of General Dynamics (NYSE:GD).

Under the DPAS contract, General Dynamics will supply systems analysts/programmers, application programmers, documentation specialists, software system engineers, technical editors and project managers to support the development and maintenance of the DPAS system and the DPAS help desk in Mechanicsburg, Pa.

“General Dynamics has had a great partnership with NAVSISA since this contract was first awarded in 2001,” said Ted Hengst, a vice president for General Dynamics Network Systems. “The NAVSISA contract re-award is a direct result of our past performance, commitment and understanding of the mission of NAVSIS and the U.S. Navy.”

DPAS provides DoD customers with an on-line capability to support all functions associated with property accountability and equipment management. DPAS can be used as a stand-alone property management system that provides general ledger control and depreciation schedule information to accounting systems, as well as documenting the physical control of installation equipment.

About General Dynamics Network Systems

General Dynamics Network Systems is a world-class information technology (IT) architect and systems integrator of converged voice, video and data networks that are secure, scalable, survivable and interoperable. Our 6,000 dedicated professionals design, build, integrate, and operate enterprise and wireless networks for government and commercial customers worldwide. More information can be found at www.gd-ns.com.

About General Dynamics

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 70,800 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, July 27, 2005
Press Contact: (781) 455-2286



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