General Dynamics Awarded $23 Million Contract for MK47 'STRIKER40' Weapon Systems
CHARLOTTE, N.C. – General Dynamics Armament and Technical Products, a business unit of General Dynamics (NYSE: GD), on June 7 was awarded a $23.5 million contract from the U.S. government for production of the MK47 MOD 0 Weapon System, a lightweight 40mm grenade launcher. The award is part of a five-year Indefinite Delivery Indefinite Quantity contract with a total potential value of $82 million.
The MK47, also known as STRIKER40, is a lightweight grenade launcher capable of firing airbursting munitions. Its integrated Fire Control system provides a decisive technological advantage over enemy forces equipped with older crew-served weapons.
Work will be completed at General Dynamics’ facility in Saco, Maine. General Dynamics is partnered with Raytheon (Dallas, Texas/Forest, Miss.) to build the Lightweight Video System (LVS) Fire Control. Program administration will be conducted at General Dynamics' Vermont-based Burlington Technology Center.
General Dynamics Armament and Technical Products, located in Charlotte, N.C., provides a broad range of system solutions for military and commercial 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 72,700 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 about the company is available online at www.generaldynamics.com.
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July 12, 2006
Contact: John Suttle
Tel: (704) 714-8014
Email: jsuttle@gdatp.com
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