General Dynamics Receives $741 Million Multiyear Tank Contract; $240 Million Increment Awarded

Apr 02, 2001, 01:00 ET from General Dynamics Land Systems

    STERLING HEIGHTS, Mich., April 2 /PRNewswire/ -- The U.S. Army
 Tank-automotive and Armaments Command has awarded General Dynamics Land
 Systems a multiyear contract to deliver 307 M1A2 Abrams upgrade tanks with the
 System Enhancement Package (SEP), awarding a $240 million increment of the
 $741 million contract on Friday, March 30, 2001.
     Contract funding will be awarded in three yearly increments with a period
 of performance from August 2001 through December 2004.  This is a follow-on
 award to the Phase II, $1.5 billion, 580 vehicle contract awarded July 1996,
 and the Phase I, $417 million, 206 vehicle contract awarded September 1994.
     The purpose of the M1A2 SEP is to enhance the fightability of the system
 on today's battlefield while preparing the platform for tomorrow's challenges.
 The SEP tank's Forward Looking Infrared (FLIR) sights, crew displays,
 Auxiliary Power Unit, digital command and control system, and Thermal
 Management System improve the tank crew's ability to fight and survive on the
 battlefield.  The insertion of affordable, preplanned technology improvements,
 such as new processors, increased memory and improved durability, will ensure
 the tank's ability to maintain its combat edge.
     Work will be performed by General Dynamics employees at plants in Lima,
 Ohio (80%); Tallahassee, Florida (10%); Anniston, Alabama (4%); Scranton,
 Pennsylvania (3%); Sterling Heights (1%) and Muskegon (1%), Michigan; and
 Imperial Valley, California (1%).
 
     General Dynamics Land Systems is a wholly owned subsidiary of General
 Dynamics (NYSE:   GD).  General Dynamics, headquartered in Falls Church,
 Virginia, employs approximately 46,000 people worldwide and anticipates 2001
 sales of approximately $11.5 billion.  The company has leading market
 positions in business aviation, information systems, shipbuilding and marine
 systems, and land and amphibious combat systems.
     More information about General Dynamics Land Systems can be found on the
 World Wide Web at http://www.gdls.com/ .
 
 

SOURCE General Dynamics Land Systems
    STERLING HEIGHTS, Mich., April 2 /PRNewswire/ -- The U.S. Army
 Tank-automotive and Armaments Command has awarded General Dynamics Land
 Systems a multiyear contract to deliver 307 M1A2 Abrams upgrade tanks with the
 System Enhancement Package (SEP), awarding a $240 million increment of the
 $741 million contract on Friday, March 30, 2001.
     Contract funding will be awarded in three yearly increments with a period
 of performance from August 2001 through December 2004.  This is a follow-on
 award to the Phase II, $1.5 billion, 580 vehicle contract awarded July 1996,
 and the Phase I, $417 million, 206 vehicle contract awarded September 1994.
     The purpose of the M1A2 SEP is to enhance the fightability of the system
 on today's battlefield while preparing the platform for tomorrow's challenges.
 The SEP tank's Forward Looking Infrared (FLIR) sights, crew displays,
 Auxiliary Power Unit, digital command and control system, and Thermal
 Management System improve the tank crew's ability to fight and survive on the
 battlefield.  The insertion of affordable, preplanned technology improvements,
 such as new processors, increased memory and improved durability, will ensure
 the tank's ability to maintain its combat edge.
     Work will be performed by General Dynamics employees at plants in Lima,
 Ohio (80%); Tallahassee, Florida (10%); Anniston, Alabama (4%); Scranton,
 Pennsylvania (3%); Sterling Heights (1%) and Muskegon (1%), Michigan; and
 Imperial Valley, California (1%).
 
     General Dynamics Land Systems is a wholly owned subsidiary of General
 Dynamics (NYSE:   GD).  General Dynamics, headquartered in Falls Church,
 Virginia, employs approximately 46,000 people worldwide and anticipates 2001
 sales of approximately $11.5 billion.  The company has leading market
 positions in business aviation, information systems, shipbuilding and marine
 systems, and land and amphibious combat systems.
     More information about General Dynamics Land Systems can be found on the
 World Wide Web at http://www.gdls.com/ .
 
 SOURCE  General Dynamics Land Systems