General Dynamics Awarded $64 Million for Missile Systems by Spanish Army

MADRID – General Dynamics European Land Systems announces that its General Dynamics Santa Bárbara Sistemas operations in Spain has signed a $64 million (approximately 44 million Euros) contract with the Spanish Army for the supply of Air Land (ER) Spike Missile Systems for the HAD Tiger helicopters.

The contract calls for the manufacture of 44 launchers and 200 missiles for the HAD Tiger helicopters. In addition, General Dynamics Santa Bárbara Sistemas will provide integrated logistics support (ILS). Work is expected to be completed by 2012.

General Dynamics Santa Bárbara Sistemas, the prime contractor, has an agreement with the Israeli company RAFAEL for the manufacture of the systems. In 2006, the two companies signed a contract for the supply of Spike Missiles to Spanish Army ground forces. The initial contract was for $424.5 million.

General Dynamics European Land Systems, headquartered in Vienna (Austria) is a business unit of General Dynamics Corporation (NYSE: GD), and conducts business through four European operating sites located in Spain, Germany, Austria, and Switzerland. With more than 3,250 highly skilled technical employees, the company designs, manufactures and delivers wheeled, tracked, and amphibious vehicles, armaments and munitions to a variety of global customers.