General Dynamics Awarded $51 Million for Abrams Tank Work

STERLING HEIGHTS, Mich. – General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD), has been awarded two contracts worth $51 million for work on the Abrams main battle tank.

A $28 million contract was awarded April 25 for the purchase of long-lead materials to upgrade 63 M1A2 Systems Enhancement Package Version 1 Abrams tanks to the M1A2 Systems Enhancement Package Version Two (SEP V2) configuration. The most technologically advanced digital tank, the M1A2 SEP V2 includes improved displays, sights, auxiliary power and a tank-infantry phone. It also can accommodate future technology improvements to ensure compatibility with the U.S. Army’s Future Combat Systems.

Work will be performed in Anniston, Ala., Tallahassee, Fla., Lima, Ohio, Sterling Heights, Mich., and Scranton, Pa., by existing General Dynamics employees. Work is expected be completed by Nov. 28, 2008.

A contract, valued at $23 million, has been awarded for the procurement of modification hardware for U.S. Army Abrams tanks. Work will be performed in Sterling Heights and is expected to be completed by Dec. 31, 2011.

General Dynamics, headquartered in Falls Church, Va., employs approximately 84,000 people worldwide and reported 2007 revenues of $27.2 billion. The company has leading market positions in mission critical information systems and technologies, land and amphibious combat systems, shipbuilding and marine systems, and business aviation. More information about the company is available on the Internet at www.generaldynamics.com.