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General Dynamics Completes Acquisition of Itronix Corporation

FALLS CHURCH, Va. – General Dynamics (NYSE: GD) today completed its acquisition of Itronix Corporation, a Spokane, Washington-based provider of wireless, rugged mobile computing solutions. Plans to acquire the company were announced on August 3; terms of the acquisition were not disclosed. The acquisition is accretive to General Dynamics.

Itronix, which has approximately 450 employees, provides a broad range of advanced wireless, rugged field computing systems, including handhelds, laptops and tablet PCs, as well as wireless integration and support services for the military, public safety and select commercial markets, including telecommunication; commercial field services; utilities; transportation; and insurance sectors. Itronix now becomes part of General Dynamics C4 Systems.

Itronix products and services complement General Dynamics’ existing command, control and communications capabilities. Along with capabilities acquired through the Aug. 16 purchase of Tadpole Computer, Inc. (Cupertino, Calif.), this enhanced expertise in rugged wireless computing enables General Dynamics to expand its offerings of trusted end-to-end, highly available network services, especially to defense customers. These mobile networks deliver actionable intelligence via advanced command-and-control applications to soldiers at the outer fringes of tactical networks, where bandwidth and other resources are limited.

Mark Fried, president of General Dynamics C4 Systems, said, “More than ever, our core U.S. defense and homeland security customers are relying on rugged mobile computing solutions to meet their mission requirements. The acquisitions of Itronix and Tadpole Computer enable General Dynamics C4 Systems to deliver expanded capabilities that meet our customers’ requirements, from the core to the very farthest edges of the network.”

With more than 10,000 employees worldwide, General Dynamics C4 Systems specializes in command and control, communications networking, space systems, computing and information assurance for defense, government and select commercial customers in the United States and abroad.

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 70,800 people worldwide and had 2004 revenues 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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This press release contains certain forward-looking statements that are based on management’s expectations, estimates, projections and assumptions. Words such as “expects,” “anticipates,” “plans,” “believes,” “estimates” and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Actual future results and trends may differ materially from what is forecast in forward-looking statements.

General Dynamics Corporation (ticker: GD, exchange: NYSE)
News Release - Friday, September 2, 2005
Press Contact: (703) 876-3093