General Dynamics Awarded $100M Contract Modification for TRIDENT and SSGN Systems
ARLINGTON, Va. – The U. S. Navy has awarded General Dynamics Advanced Information Systems, a business unit of General Dynamics (NYSE:GD), a $100,098,000 modification under a previously awarded cost-plus-incentive-fee contract to provide for the fiscal year 2004 TRIDENT II fire control omnibus contract. Work will be performed in Pittsfield, Mass., and is expected to be completed by December 2006.
This contract includes fire control production, operational support, field engineering services, repair and return effort and SSGN guided missile submarine attack weapons control systems development and production.
“This contract reflects our customer’s confidence in our ability to deliver highly reliable systems. We have a demonstrated track record of implementing disciplined processes that meet the demanding requirements of the U.S. Navy’s strategic and tactical programs," said Mike Tweed-Kent, vice president and general manager of the Command and Control Systems strategic business unit of General Dynamics Advanced Information Systems.
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 66,900 people worldwide and anticipates 2003 revenues of approximately $16.1 billion. The company has leading market positions in mission-critical information systems and technologies, land and amphibious combat systems, 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 - Friday, October 24, 2003
Press Contact: (703) 271-7452
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