General Dynamics Awarded $30 Million to Produce Reactive Armor for Abrams Tanks
CHARLOTTE, N.C. – General Dynamics Armament and Technical Products, a business unit of General Dynamics (NYSE: GD), has been awarded a $30 million competitive contract from U.S. Army Tank Automotive and Armaments Command (Picatinny, N.J.) for the production of reactive armor tile sets to equip Abrams tanks. Total contract value could reach $59 million if all contract options are exercised. General Dynamics has been a leading producer of reactive armor for the Bradley Fighting Vehicle since 1995, with $417 million in Bradley reactive armor orders to date.
Reactive armor that currently equips the U.S. Army Bradley Fighting Vehicle is already saving lives and preventing crippling damage to combat vehicles in Iraq. The system is made up of tiles that fasten to the exterior of the vehicles. Equipped with the General Dynamics’ reactive armor, combat vehicles are better able to withstand a direct hit from a variety of anti-armor munitions, including the shoulder-fired rocket propelled grenades that are prevalent in many of today’s regional conflicts.
The production program will be directed from the General Dynamics Armament and Technical Products’ Burlington Technology Center, Burlington, Vt., with U.S. tile production occurring at the company’s reactive armor facility in Stone County Operations, McHenry, Miss. Work will be completed by August 2009.
General Dynamics Armament and Technical Products, Inc., 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 81,900 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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August 28, 2006
Contact: John Suttle
Tel: (704) 714-8014
Fax: (704) 714-8055
Email: JSuttle@gdatp.com
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