Naval Surface Warfare Center Awards General Dynamics $25 Million Ammunition Contract
ST. PETERSBURG, Fla. – The Naval Surface Warfare Center, Crane Division, Crane, Ind., has awarded General Dynamics Ordnance and Tactical Systems a firm-fixed-price, indefinite-delivery/indefinite-quantity contract for 25mm PGU-32/U SAPHEI-T and MK-210 HEI-T linked cartridges with a potential value of $25,397,620 if all options are awarded. The 25mm cartridge-linked configuration is fired from the MK38 deck-mounted Gun Weapon System, which utilizes the M242 25mm chain gun onboard Navy and Coast Guard ships and patrol boats. Work will be performed in Marion, Ill., and is expected to be completed by March 2011. The company is a business unit of General Dynamics (NYSE: GD).
General Dynamics Ordnance and Tactical Systems is a world leader in the manufacture of large- and medium-caliber direct and indirect-fire munitions, bomb bodies and Ball Powder® propellant. The company also manufactures precision metal components; provides explosive load, assemble and pack services for a variety of munitions, tactical missile and rocket programs; and designs and produces shaped charge warheads and control actuator systems.
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. More information can be found online at www.generaldynamics.com.
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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, April 3, 2006
Press Contact: (727) 578-8187
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