U.S. Army Awards General Dynamics $166 Million Contract to Produce Hydra-70 Rockets

CHARLOTTE, N.C. – The U.S. Army Aviation and Missile Life Cycle Management Command has awarded General Dynamics Armament and Technical Products a contract worth $166.4 million for the production of 2.75-inch Hydra-70 rockets. The award is part of a five-year requirements contract signed in 2005 that has a total potential value of more than $900 million if all options are exercised. General Dynamics Armament and Technical Products is a business unit of General Dynamics (NYSE: GD).

“General Dynamics Hydra-70 rockets provide U.S. forces with effective firepower that is versatile, affordable and has proven extremely successful against area suppression-type targets,” said Russ Klein, vice president and general manager of weapon systems for General Dynamics Armament and Technical Products. “Our team in Camden, Ark., is proud to manufacture this rocket system to help protect the men and women who protect us.”

Hydra-70 is a family of unguided rockets offering several warhead configurations that enable an aircrew to match the rocket to the specific mission. Rockets can be fired from a variety of rotary and fixed-wing platforms, including the U.S. Army Apache and U.S. Marine Corps Cobra attack helicopters, the U.S. Air Force F-16 Fighting Falcon and combat aircraft of many nations worldwide.

System engineering and program management will be performed at General Dynamics’ Burlington Technology Center in Vermont. Final assembly and component sub-assembly will occur at General Dynamics’ Camden, Ark., facility.

General Dynamics Armament and Technical Products, located in Charlotte, N.C., provides a broad range of system solutions for military and commercial applications. The company designs, develops and produces high-performance armament systems; a full range of advanced composite-based products; biological and chemical detection systems; and mobile shelter systems. More information about General Dynamics Armament and Technical Products can be found on the World Wide Web at www.gdatp.com.

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 83,500 people worldwide and reported 2007 revenues of $27.2 billion. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available online at www.generaldynamics.com.