General Dynamics, Carroll County, State of Maryland Partner to Build Production and Operations Center
WESTMINSTER, Md. – General Dynamics Robotic Systems (GDRS), a wholly owned subsidiary of General Dynamics Land Systems, has collaborated with the Carroll County Industrial Development Authority and the Maryland Department of Business and Economic Development to build a new manufacturing facility in the Westminster Technology Park. Approximately 135 jobs over four years will be created with this expansion. Groundbreaking on the 150,000-square-foot facility was Aug. 9 and the new building is projected to open in the second quarter of 2006. General Dynamics Land Systems is a wholly owned subsidiary of General Dynamics (NYSE: GD).
“This partnership is great for everyone involved,” said Scott Myers, president, General Dynamics Robotic Systems. “The expansion consolidates our manufacturing operations under one roof, helps grow Carrroll County’s resident industries, assists in attracting a diverse workforce to the area and strengthens the region’s contribution of our nation’s defense.”
"The State of Maryland is very pleased that General Dynamics Robotic Systems has decided to expand here in Maryland," said Aris Melissaratos, Secretary of the Maryland Department of Business and Economic Development. "This venture not only adds more than 100 new jobs in Carroll County, it also expands Maryland's manufacturing and technology base."
“We are extremely pleased with General Dynamics’ continued success and expansion here in Carroll County,” said Lawrence F. Twele, Director, Carroll County Dept. of Economic Development. “We’ve seen General Dynamics Robotic Systems grow from a small machine shop into a world-class engineering and manufacturing firm that will soon occupy well over 200,000 square feet. Carroll County’s location in the Baltimore/Washington technology corridor, our qualified workforce, and our business retention programs are key attributes that have helped General Dynamics to prosper.”
The initiative will consolidate machining and assembly operations from several leased facilities and will expand General Dynamics Robotics Systems’ capability to manufacture the ammunition handling system on the U.S. Army’s newest combat vehicle, the Stryker Mobile Gun System. The effort also allows General Dynamics Robotics Systems to convert its existing facility in the Westminster Technology Park into an advanced engineering center.
Under terms of the agreement, General Dynamics will invest approximately $2 million, and lease the building from the developer, Conowego Contractors, who is investing approximately $9 million. The State of Maryland and Carroll County are providing additional financial incentives valued at a combined value of approximately $700,000 to support this growth.
General Dynamics, headquartered in Falls Church, Va., 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, August 10, 2005
Press Contact: (703) 876-3093
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