General Dynamics Awarded $605 Million in Defense Contracts

FALLS CHURCH, Va. – The U.S. Department of Defense yesterday announced more than $605 million in recent contract awards to business units of General Dynamics (NYSE: GD).

The announcements included:

Three awards valued at $428.9 million to General Dynamics Land Systems of Sterling Heights, Mich., for system enhancement package (SEP) work on Abrams M1A2 Tanks. Work will be performed in Sterling Heights; Lima, Ohio; Tallahassee, Fla.; Anniston, Ala.; and Scranton, Pa. Work is expected to be completed by July 31, 2010.

Two awards valued at $163.4 million award to General Dynamics Land Systems for Stryker vehicle hull-protection kits and materiel for Stryker Mobile Gun System (MGS) and Nuclear, Biological, and Chemical Reconnaissance Vehicle (NBCRV) variants. Work will be performed in Sterling Heights; Auburn, Wash.; London, Ontario, Canada; Germany, Iraq and Kuwait. Work is expected to be completed by Feb. 29, 2008.

A $12.6 million award to General Dynamics Armament and Technical Products, Charlotte, N.C., for production of Joint Service Lightweight Standoff Chemical Agent Detectors. Work will be performed in Charlotte, N.C., and is expected to be completed by April 30, 2009.