General Dynamics Awarded $349 Million for Abrams Tank-Related Work

STERLING HEIGHTS, Mich. – The U.S. TACOM Lifecycle Management Command has awarded General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD), a contract for the Egyptian tank co-production program. The $349 million contract, announced in December, is for the production of 125 M1A1 Abrams tank kits for the tenth increment of the Egyptian co-production program.

Since 1992, General Dynamics has provided components for kits used in the co-production program. The parts are shipped to a production facility near Cairo, Egypt, where the tanks are manufactured for the Egyptian Land Forces.

This latest increment will increase the number of Egyptian co-production-built tanks to 1,005. Work on the components will be performed in Anniston, Ala.; Tallahassee, Fla.; Sterling Heights, Mich.; Lima, Ohio; and Scranton, Penn. Deliveries will begin in April 2009 and continue through July 2011.

General Dynamics, headquartered in Falls Church, Va., employs approximately 83,500 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.