- GENERAL DYNAMICS LAND SYSTEMS AWARDED TWO
MODIFICATION CONTRACTS FOR ABRAMS
INTEGRATED MANAGEMENT TANKS -

STERLING HEIGHTS, Mich. - The United States Army Tank-automotive and Armaments Command has awarded General Dynamics Land Systems two modification contracts, exercising its option for the company to build 70 Abrams Integrated Management for the 21st century (AIM XXI) tanks, and procure long lead materials for an additional 135 tanks. The contracts are for $17.6 million and $29.3 million, respectively.

Work on the firm fixed price contracts will be done at the General Dynamics operated Lima Army Tank Plant in Lima, Ohio (67 percent), and Land Systems' Scranton Plant in Eynon, Pennsylvania (30 percent), and Muskegon Plant in Muskegon, Michigan (3 percent). The 70 tanks are scheduled to be delivered by June 2001.

AIM XXI is a joint effort to refurbish M1A1 Abrams main battle tanks involving the Project Manager Abrams Tank Systems, the United States Army Tank-automotive and Armaments Command, the Anniston Army Depot in Anniston, Alabama, and General Dynamics Land Systems.

In the AIM XXI program, M1A1 Abrams tanks are completely disassembled and overhauled to a like-new condition.

General Dynamics Land Systems is a wholly owned subsidiary of General Dynamics (NYSE:GD). General Dynamics, headquartered in Falls Church, Virginia, employs approximately 43,000 people worldwide and has annualized sales of approximately $10 billion. The company has leading market positions in shipbuilding and marine systems, land and amphibious combat systems, information systems, and business aviation.

More information about General Dynamics Land Systems can be found on the Internet at http://www.gdls.com/.

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