General Dynamics Awarded $10.6 Million for Production of M2HB Machine Guns and Barrels
CHARLOTTE, N.C. – General Dynamics Armament and Technical Products, a business unit of General Dynamics (NYSE: GD), has received three orders totaling $10.6 million from U.S. Army Tank Automotive Command, Rock Island, Ill., for the production of 526 M2HB machine guns and 2,000 barrels. These orders will extend M2HB gun deliveries through May 2007 and barrel-only deliveries through June 2006.
The M2HB, a crew-served 12.7 mm machine gun, features a rate of fire of more than 450 rounds per minute and a maximum effective range of 2,000 yards. Its high level of lethality and versatility has made it the work standard in its class. The M2HB is in the military inventories of over 30 countries, including the United States.
Production work will be performed at General Dynamics Armament and Technical Products’ Saco, Maine, facility, which has manufactured the M2 family of machine guns 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, 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 - Tuesday, September 13, 2005
Press Contact: (704) 714-8014
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