General Dynamics Wins $34 Million Army Ammo Contract

Wed. October 08, 2008; Posted: 09:11 PM

(financialwire.net via COMTEX) -- GD | Quote | Chart | News | PowerRating -- October 8, 2008 (FinancialWire) -- General Dynamics' (NYSE: GD | Quote | Chart | News | PowerRating) (Current Market Cap: US$26.31 Bil.) General Dynamics Ordnance and Tactical Systems unit of has been awarded a $33.6 million contract by the U.S. Army Field Support Command in Rock Island, Illinois for the production of small-caliber ammunition.

Under the contract, General Dynamics and its consortium of small-caliber ammunition manufacturers will provide additional quantities of 5.56mm, 7.62mm and .50 caliber small arms ammunition under the existing contract. Work will be performed in St. Petersburg, Florida.

Falls Church, Virginia-based General Dynamics employs around 84,600 people worldwide and said it anticipates 2008 revenues of around $29.5 billion. The company offers business aviation systems, land and expeditionary combat systems, armaments and munitions, shipbuilding and marine systems and information systems and technologies.

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For full details on General Dynamics Corp (GD) click here. General Dynamics Corp (GD) has Short Term PowerRatings of 5. Details on General Dynamics Corp (GD) Short Term PowerRatings is available at This Link.

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