| P.O. Box 2074 | October 27, 2001 |
| Warren, MI 48090-2074 | Contact: Karl Oskoian |
| www.gdls.com | Tel 586.825.7980 |
| Fax 586.825.4637 | |
| oskoiank@gdls.com |
General Dynamics Awarded A $72.5 Million Contract For Abrams Integrated Management Tanks
STERLING HEIGHTS, Mich. --The United States Army Tank-automotive Automotive and Armaments Command has awarded General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD), a $72.5 million contract contract for the assembly of that funds the labor to assemble 135 Abrams Integrated Management (AIM) tanks and the procurement of long long-lead materials for the next production year.
Work on under the contract will be done at the General Dynamics-operated Lima Army Tank Plant in Lima, Ohio (67 percent); and the General Dynamics Land Systems Scranton Plant in Eynon, Pennsylvania (30 percent), and the Muskegon Plant in Muskegon, Michigan (3 percent). The 135 tanks are scheduled to be delivered by June 2003.
AIM is a joint effort to refurbish M1A1 Abrams main battle tanks involving the Project Manager- Abrams Tank Systems, the United States Army Tank-automotive Automotive and Armaments Command, the Anniston Army Depot in Anniston, Alabama, and General Dynamics Land Systems.
In the AIM program, M1A1 Abrams tanks are completely disassembled and overhauled to a like-new condition.
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 52,000 people worldwide and had 2001 revenues of $12 billion. The company has leading market positions in land and amphibious combat systems, mission-critical information systems and technologies, shipbuilding and marine systems, and business aviation. More information about the company can be found on the World Wide Web at
www.generaldynamics.com(- 30 -)
LS-02-01