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U.S. Army Awards General Dynamics $32 Million for Combat Vehicle Services

STERLING HEIGHTS, Mich. – The U.S. Army TACOM Lifecycle Management Command has awarded General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD), $32 million in incremental funding of a potential $42 million contract for contractor logistics support on the Stryker combat vehicle. Vehicle support, resets and upgrades are a continuing portion of General Dynamics’ combat systems-related business.

This award funds Stryker Brigade Combat Team contractor logistics support, including: ordering spare parts, managing a spare-parts warehouse, worldwide distribution of repair parts and completing maintenance services on the Stryker Brigade Combat Team fleets. Work will be performed by existing General Dynamics employees in Auburn and Fort Lewis, Wash.; Fort Wainwright, Alaska; Schofield Barracks, Hawaii; Fort Indiantown Gap, Pa.: and Vilseck, Germany. Work is expected to be complete by February 28, 2007.

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 72,200 people worldwide and had 2005 revenue of $21.2 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 - Monday, February 27, 2006
Press Contact: (586) 825-4610



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